REGISTERED NUMBER: 06571349 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

SIMEGO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S G Cleaver

Mrs C E Cleaver

SECRETARY:

S G Cleaver

REGISTERED OFFICE:

Southwell Arms

Broad Oak

Herefordshire

HR2 8QU

REGISTERED NUMBER:

06571349 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

11,474

10,969

CURRENT ASSETS

Debtors

5

1,883

2,455

Cash at bank

323,087

293,147

324,970

295,602

CREDITORS

Amounts falling due within one year

6

63,787

47,347

NET CURRENT ASSETS

261,183

248,255

TOTAL ASSETS LESS CURRENT LIABILITIES

272,657

259,224

PROVISIONS FOR LIABILITIES

7

2,869

2,742

NET ASSETS

269,788

256,482

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Retained earnings

268,778

255,472

SHAREHOLDERS' FUNDS

269,788

256,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

S G Cleaver - Director

1.	STATUTORY INFORMATION

Simego Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for IT services and software development net of VAT.

Revenue from the sale of services is recognised by reference to the stage of completion and when the costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture,fittings & equipment

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Furniture,fittings

Computer

& equipment

equipment

Totals

£

£

£

COST

At 1 June 2024

6,929

18,598

25,527

Additions

74

5,882

5,956

At 31 May 2025

7,003

24,480

31,483

DEPRECIATION

At 1 June 2024

5,319

9,239

14,558

Charge for year

421

5,030

5,451

At 31 May 2025

5,740

14,269

20,009

NET BOOK VALUE

At 31 May 2025

1,263

10,211

11,474

At 31 May 2024

1,610

9,359

10,969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

PAYE debtor

205

-

VAT

88

398

Prepayments

1,590

2,057

1,883

2,455

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10

12

Tax

61,211

43,686

PAYE

-

812

Other creditors

250

500

Directors' current accounts

854

914

Accrued expenses

1,462

1,423

63,787

47,347

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,869

2,742

Deferred

tax

£

Balance at 1 June 2024

2,742

Provided during year

127

Balance at 31 May 2025

2,869

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S G Cleaver.