Simple Claims Ltd


Director	NADEEM, Hamza


Registered Address	Simplex House
	Freshwater Road
	Dagenham
	RM8 1RX


Registered Number	05045148 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,426		1,782
			1,426		1,782
Current assets
Debtors	4	258,400		250,366
Cash at bank and on hand		60,263		14,816
		318,663		265,182
Creditors amounts falling due within one year	5	(213,036)		(203,275)
Net current assets (liabilities)			105,627		61,907
Total assets less current liabilities			107,053		63,689
Creditors amounts falling due after one year	6		(27,498)		(33,211)
Net assets			79,555		30,478
Capital and reserves
Called up share capital			750		750
Profit and loss account			78,805		29,728
Shareholders' funds			79,555		30,478

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 October 2025, and are signed on its behalf by:

NADEEM, Hamza
Director
Registered Company No. 05045148

Simple Claims Ltd

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current 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.

Current 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		5

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 February 24	4,529	15,920	20,449
At 31 January 25	4,529	15,920	20,449
Depreciation and impairment
At 01 February 24	3,922	14,745	18,667
Charge for year	121	235	356
At 31 January 25	4,043	14,980	19,023
Net book value
At 31 January 25	486	940	1,426
At 31 January 24	607	1,175	1,782

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	9,638	1,702
Amounts owed by group undertakings	9,600	2,400
Other debtors	239,162	246,264
Total	258,400	250,366

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,989	2,000
Bank borrowings and overdrafts	5,518	5,518
Amounts owed to related parties	155,829	155,829
Taxation and social security	14,738	14,480
Other creditors	18,591	23,027
Accrued liabilities and deferred income	2,371	2,421
Total	213,036	203,275

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	27,498	33,211
Total	27,498	33,211

7.	Related party transactions
	Amounts owed by group undertakings of £9,600 (2024: £2,400), relates to Simple Accident Holdings Ltd, which is the holding company. Other debtors includes £135,500 (£2024: £135,500), which relates to Simple East (Holdings) Ltd, a company under common control of shareholders. The director's current account balance at the year-end was £Nil (2024: 32,925 debit). Amounts owed to group undertakings of £155,829 (2024: £155,829) relates to Simple Self Drive Ltd, which is also a subsidiary of Simple Accident Holdings Ltd.

Related party transactions

Amounts owed by group undertakings of £9,600 (2024: £2,400), relates to Simple Accident Holdings Ltd, which is the holding company.

Other debtors includes £135,500 (£2024: £135,500), which relates to Simple East (Holdings) Ltd,  a company under common control of shareholders. 

The director's current account balance at the year-end was £Nil (2024: 32,925 debit).

Amounts owed to group undertakings of £155,829 (2024: £155,829) relates to Simple Self Drive Ltd, which is also a subsidiary of Simple Accident Holdings Ltd.