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REGISTERED NUMBER: 07747991 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| SIMKAL LTD |

| SIMKAL LTD (REGISTERED NUMBER: 07747991) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SIMKAL LTD |

COMPANY INFORMATION

for the Year Ended 31 December 2024

| DIRECTORS: | V Weber

| K J Weber

| REGISTERED OFFICE: | 4 - 7 Market Hall Market Square

| Lytham St Annes

| Lancashire

| FY8 5LW

| REGISTERED NUMBER: | 07747991 (England and Wales)

| ACCOUNTANTS: | Fairhurst Accountants Ltd

| Chartered Accountants

| Douglas Bank House

| Wigan Lane

| Wigan

| Lancashire

| WN1 2TB

| SIMKAL LTD (REGISTERED NUMBER: 07747991) |

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 2,053 |  | 2,823 |  |

Tangible assets | 5 | 96,361 |  | 105,146 |  |

98,414 |  | 107,969 |  |

CURRENT ASSETS

Debtors | 6 | 12,720 |  | 12,602 |  |

Cash at bank | 13,907 |  | 89,517 |  |

26,627 |  | 102,119 |  |

CREDITORS

Amounts falling due within one year | 7 | 92,917 |  | 110,510 |  |

NET CURRENT LIABILITIES | (66,290 | ) | (8,391 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 32,124 |  | 99,578 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 24,161 |  | 33,234 |  |

NET ASSETS | 7,963 |  | 66,344 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 7,863 |  | 66,244 |  |

SHAREHOLDERS' FUNDS | 7,963 |  | 66,344 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

| SIMKAL LTD (REGISTERED NUMBER: 07747991) |

BALANCE SHEET - continued

31 December 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

K J Weber - Director

| SIMKAL LTD (REGISTERED NUMBER: 07747991) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Simkal 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 is measured at the fair value of the consideration receivable for goods sold and services provided.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Improvements to property | - | 10 years

| Computer equipment | - | 25% on cost

| Motor vehicles | - | 25% on reducing balance

| Website | - | 10% on cost

| Financial instruments

| Short term financial liabilities, including directors current accounts, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable on demand shall be measured at the undiscounted amount due.

| Taxation

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

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 3 ) .

| SIMKAL LTD (REGISTERED NUMBER: 07747991) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 7,700 |  |

| AMORTISATION

| At 1 January 2024 | 4,877 |  |

| Charge for year | 770 |  |

| At 31 December 2024 | 5,647 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,053 |  |

| At 31 December 2023 | 2,823 |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Computer |  | Motor |

| property |  | equipment |  | vehicles |  | Website |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 101,842 |  | 7,338 |  | 33,009 |  | 2,911 |  | 145,100 |  |

| Additions | 6,116 |  | 1,570 |  | - |  | - |  | 7,686 |  |

| At 31 December 2024 | 107,958 |  | 8,908 |  | 33,009 |  | 2,911 |  | 152,786 |  |

| DEPRECIATION

| At 1 January 2024 | 12,984 |  | 4,751 |  | 20,381 |  | 1,838 |  | 39,954 |  |

| Charge for year | 10,796 |  | 2,227 |  | 3,157 |  | 291 |  | 16,471 |  |

| At 31 December 2024 | 23,780 |  | 6,978 |  | 23,538 |  | 2,129 |  | 56,425 |  |

| NET BOOK VALUE

| At 31 December 2024 | 84,178 |  | 1,930 |  | 9,471 |  | 782 |  | 96,361 |  |

| At 31 December 2023 | 88,858 |  | 2,587 |  | 12,628 |  | 1,073 |  | 105,146 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other debtors | 12,720 |  | 12,602 |  |

| SIMKAL LTD (REGISTERED NUMBER: 07747991) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 4,778 |  | 4,778 |  |

| Hire purchase contracts | 4,296 |  | 3,946 |  |

| Trade creditors | 50,212 |  | 63,293 |  |

| Social security and other taxes | 6,615 |  | 13,038 |  |

| Other creditors | 5,541 |  | 5,541 |  |

| Directors' current accounts | 20,425 |  | 19,491 |  |

| Accruals and deferred income | 1,050 |  | 423 |  |

92,917 |  | 110,510 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 21,102 |  | 25,879 |  |

| Hire purchase contracts | 3,059 |  | 7,355 |  |

24,161 |  | 33,234 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 7,355 |  | 11,301 |  |

| The hire purchase contracts are secured on the assets concerned.

10. | OTHER FINANCIAL COMMITMENTS

| The company has operating lease commitments totalling £181,250 (2022: £211,250).