REGISTERED NUMBER: 08649458 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Simple Service Automotive Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S J Beament

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Essex

SS7 2RF

REGISTERED NUMBER:

08649458 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

56,088

63,565

CURRENT ASSETS

Debtors

5

123,191

100,180

Cash at bank and in hand

29,590

27,171

152,781

127,351

CREDITORS

Amounts falling due within one year

6

196,349

151,046

NET CURRENT LIABILITIES

(43,568

)

(23,695

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,520

39,870

CREDITORS

Amounts falling due after more than one year

7

-

(10,523

)

PROVISIONS FOR LIABILITIES

9

(12,416

)

(14,284

)

NET ASSETS

104

15,063

CAPITAL AND RESERVES

Called up share capital

10

104

100

Retained earnings

11

-

14,963

SHAREHOLDERS' FUNDS

104

15,063

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2025 and were signed by:

Mr S J Beament - Director

1.	STATUTORY INFORMATION

Simple Service Automotive 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

15% on cost

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 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.

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.

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 9 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

9,183

67,146

47,628

40,659

164,616

Additions

-

-

-

4,656

4,656

At 31st December 2024

9,183

67,146

47,628

45,315

169,272

DEPRECIATION

At 1st January 2024

6,283

39,238

31,497

24,033

101,051

Charge for year

322

4,186

4,033

3,592

12,133

At 31st December 2024

6,605

43,424

35,530

27,625

113,184

NET BOOK VALUE

At 31st December 2024

2,578

23,722

12,098

17,690

56,088

At 31st December 2023

2,900

27,908

16,131

16,626

63,565

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

5,731

6,187

Other debtors

117,460

93,993

123,191

100,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts (see note 8)

6,948

14,119

Hire purchase contracts

1,072

1,633

Trade creditors

62,117

28,183

Taxation and social security

125,186

107,111

Other creditors

1,026

-

196,349

151,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans (see note 8)

-

9,451

Hire purchase contracts

-

1,072

-

10,523

8.

LOANS

An analysis of the maturity of loans is given below:

31/12/24

31/12/23

£

£

Amounts falling due within one year or on demand:

Bank loans

6,948

14,119

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

9,451

9.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

£

Deferred tax

12,416

14,284

Deferred

tax

£

Balance at 1st January 2024

14,284

Provided during year

(1,868

)

Balance at 31st December 2024

12,416

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Ordinary Shares

£1

100

100

1

Ordinary A Share

£1

1

-

1

Ordinary B Share

£1

1

-

1

Ordinary C Share

£1

1

-

1

Ordinary D Share

£1

1

-

104

100

Allotted and issued:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

1

Ordinary "A" Shares

£1

1

-

1

Ordinary "B" Shares

£1

1

-

1

Ordinary "C" Shares

£1

1

-

1

Ordinary "D" Shares

£1

1

-

4

-

The following shares were issued during the year for cash at par :

1 Ordinary A Share share of £1

1 Ordinary B Share share of £1

1 Ordinary C Share share of £1

1 Ordinary D Share share of £1

11.

RESERVES

Retained

earnings

£

At 1st January 2024

14,963

Profit for the year

62,325

Dividends

(77,288

)

At 31st December 2024

-

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S J Beament.