Simply Living Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4298528

Simply Living Limited

Filleted Unaudited Financial Statements

For the Year Ended

31 December 2024

Simply Living Limited

Financial Statements

Period from 26th December 2023 to 31st December 2024

Contents	Page

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements	1

Statement of Financial Position	2

Notes to the Financial Statements	4

Simply Living Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Simply Living Limited

Period from 26th December 2023 to 31st December 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31st December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

PEYTON TYLER MEARS Chartered accountants

Middleborough House 16 Middleborough Colchester Essex CO1 1QT

30 September 2025

Simply Living Limited

Statement of Financial Position

31 December 2024

	31 Dec 24		25 Dec 23
Note	£	£	£

Fixed Assets

Tangible assets	5		–	51

Current Assets

Stocks		34,800	4,785
Debtors	6	4,179	4,178
Cash at bank and in hand		200	200
		--------	-------
		39,179	9,163

Creditors: amounts falling due within one year	7	170,446		97,153
		---------		--------
Net Current Liabilities			131,267	87,990
			---------	--------
Total Assets Less Current Liabilities			( 131,267)	( 87,939)
			---------	--------
Net Liabilities			( 131,267)	( 87,939)
			---------	--------

Simply Living Limited

Statement of Financial Position (continued)

31 December 2024

	31 Dec 24		25 Dec 23
Note	£	£	£

Capital and Reserves

Called up share capital	1	1
Profit and loss account	( 131,268)	( 87,940)
	---------	--------
Shareholders Deficit	( 131,267)	( 87,939)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mrs. B Fraser
Director

Company registration number: 4298528

Simply Living Limited

Notes to the Financial Statements

Period from 26th December 2023 to 31st December 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, CO1 1QT.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	15% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee Numbers

The average number of persons employed by the company during the period amounted to 3 (2023: 3 ).

5. Tangible Assets

	Plant and machinery	Total
	£	£
Cost
At 26th December 2023 and 31st December 2024	19,328	19,328
	--------	--------
Depreciation
At 26th December 2023	19,277	19,277
Charge for the period	51	51
	--------	--------
At 31st December 2024	19,328	19,328
	--------	--------
Carrying amount
At 31st December 2024	–	–
	--------	--------
At 25th December 2023	51	51
	--------	--------

6. Debtors

	31 Dec 24	25 Dec 23
	£	£
Trade debtors	3,468	3,468
Other debtors	711	710
	-------	-------
	4,179	4,178
	-------	-------

7. Creditors: amounts falling due within one year

	31 Dec 24	25 Dec 23
	£	£
Bank loans and overdrafts	18,512	17,483
Social security and other taxes	1,786	2,771
Other creditors	150,148	76,899
	---------	--------
	170,446	97,153
	---------	--------