1 June 2024 false No description of principal activity Taxfiler 2024.6 12628197business:PrivateLimitedCompanyLtd2024-06-012025-05-31 126281972024-05-31 126281972024-06-012025-05-31 12628197business:AuditExemptWithAccountantsReport2024-06-012025-05-31 12628197business:FilletedAccounts2024-06-012025-05-31 126281972025-05-31 12628197business:Director12024-06-012025-05-31 12628197business:RegisteredOffice2024-06-012025-05-31 126281972024-05-31 12628197core:WithinOneYear2025-05-31 12628197core:WithinOneYear2024-05-31 12628197core:ShareCapitalcore:PreviouslyStatedAmount2025-05-31 12628197core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 12628197core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-05-31 12628197core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 12628197core:PreviouslyStatedAmount2025-05-31 12628197core:PreviouslyStatedAmount2024-05-31 12628197business:SmallEntities2024-06-012025-05-31 12628197countries:EnglandWales2024-06-012025-05-31 12628197core:PlantMachinery2024-06-012025-05-31 12628197core:PlantMachinery2024-05-31 12628197core:PlantMachinery2025-05-31 12628197business:OrdinaryShareClass12024-06-012025-05-31 12628197business:OrdinaryShareClass12023-06-012024-05-31 12628197business:Director112024-06-012025-05-31 12628197business:Director112024-05-31 12628197business:Director112025-05-31 126281972023-06-012024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12628197 (England and Wales)
SIMPLENESS COLLECTION LTD Unaudited accounts for the year ended 31 May 2025
SIMPLENESS COLLECTION LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
SIMPLENESS COLLECTION LTD Company Information for the year ended 31 May 2025
Director
V Simmons
Company Number
12628197 (England and Wales)
Registered Office
71-75 Shelton Street London Greater London WC2H 9JQ United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
- 3 -
SIMPLENESS COLLECTION LTD Accountants' report
Accountants' report to the director of SIMPLENESS COLLECTION LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SIMPLENESS COLLECTION LTD for the year ended 31 May 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SIMPLENESS COLLECTION LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SIMPLENESS COLLECTION LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SIMPLENESS COLLECTION LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SIMPLENESS COLLECTION LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SIMPLENESS COLLECTION LTD. You consider that SIMPLENESS COLLECTION LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SIMPLENESS COLLECTION LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 10 July 2025
- 4 -
SIMPLENESS COLLECTION LTD Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
230 
307 
Current assets
Inventories
3,305 
3,305 
Cash at bank and in hand
19 
495 
3,324 
3,800 
Creditors: amounts falling due within one year
5
(29,225)
(24,286)
Net current liabilities
(25,901)
(20,486)
Net liabilities
(25,671)
(20,179)
Capital and reserves
Called up share capital
6
1 
1 
Profit and loss account
(25,672)
(20,180)
Shareholders' funds
(25,671)
(20,179)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2025 and were signed on its behalf by
V Simmons Director Company Registration No. 12628197
- 5 -
SIMPLENESS COLLECTION LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
SIMPLENESS COLLECTION LTD is a private company, limited by shares, registered in England and Wales, registration number 12628197. The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2024
615 
At 31 May 2025
615 
Depreciation
At 1 June 2024
308 
Charge for the year
77 
At 31 May 2025
385 
Net book value
At 31 May 2025
230 
At 31 May 2024
307 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
998 
- 
VAT
1,226 
2,225 
Loans from directors
26,571 
21,721 
Accruals
430 
340 
29,225 
24,286 
- 6 -
SIMPLENESS COLLECTION LTD Notes to the Accounts for the year ended 31 May 2025
6
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
V Simmons
Director Loan Account
(21,721)
(4,850)
- 
(26,571)
(21,721)
(4,850)
- 
(26,571)
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 7 -