REGISTERED NUMBER: 02202594 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Simpla Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B M Thompson

Mrs E A Thompson

SECRETARY:

Mr B M Thompson

REGISTERED OFFICE:

37 Beverley Rise

Ilkley

West Yorkshire

LS29 9DB

REGISTERED NUMBER:

02202594 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

Fixed assets

Tangible assets

4

544

205

Current assets

Debtors

5

9,600

-

Cash at bank

3,630

10,171

13,230

10,171

Creditors

Amounts falling due within one year

6

(5,641

)

(6,505

)

Net current assets

7,589

3,666

Total assets less current liabilities

8,133

3,871

Capital and reserves

Called up share capital

7

2

2

Retained earnings

8

8,131

3,869

Shareholders' funds

8,133

3,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr B M Thompson - Director

1.	STATUTORY INFORMATION

Simpla Systems Limited 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 represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

308

2,307

2,615

Additions

-

499

499

At 31 March 2025

308

2,806

3,114

DEPRECIATION

At 1 April 2024

308

2,102

2,410

Charge for year

-

160

160

At 31 March 2025

308

2,262

2,570

NET BOOK VALUE

At 31 March 2025

-

544

544

At 31 March 2024

-

205

205

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,600

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

47

50

Corporation tax

2,507

5,491

Social security and other tax

1,036

563

Other creditors

1,289

43

Directors' current accounts

465

83

Accrued expenses

297

275

5,641

6,505

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 April 2024

3,869

Profit for the year

11,262

Dividends

(7,000

)

At 31 March 2025

8,131

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends of £7,000 were paid to the directors during the year (2024 £27,000). The company owed the directors £465 at 31st March 2025 (£83 at 31st March 2024).