REGISTERED NUMBER: 11863412 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Simply Pay Weekly Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M J Wild

REGISTERED OFFICE:

Craig-Y-Nos Main Road

Bredon

Tewkesbury

Gloucestershire

GL20 7EL

REGISTERED NUMBER:

11863412 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

FIXED ASSETS

Tangible assets

4

5,038

7,432

CURRENT ASSETS

Stocks

1,202

3,590

Debtors

5

65,531

58,241

Cash at bank

5,415

5,318

72,148

67,149

CREDITORS

Amounts falling due within one year

6

64,643

59,910

NET CURRENT ASSETS

7,505

7,239

TOTAL ASSETS LESS CURRENT LIABILITIES

12,543

14,671

CREDITORS

Amounts falling due after more than one year

7

4,757

10,857

NET ASSETS

7,786

3,814

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,686

3,714

SHAREHOLDERS' FUNDS

7,786

3,814

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2025 and were signed by:

M J Wild - Director

1.	STATUTORY INFORMATION

Simply Pay Weekly 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

and 31 March 2025

474

17,867

2,334

20,675

Depreciation

At 1 April 2024

313

11,586

1,344

13,243

Charge for year

156

1,570

668

2,394

At 31 March 2025

469

13,156

2,012

15,637

Net book value

At 31 March 2025

5

4,711

322

5,038

At 31 March 2024

161

6,281

990

7,432

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2024

and 31 March 2025

17,867

Depreciation

At 1 April 2024

11,586

Charge for year

1,570

At 31 March 2025

13,156

Net book value

At 31 March 2025

4,711

At 31 March 2024

6,281

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

65,531

57,210

Other debtors

-

1,031

65,531

58,241

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

19,637

12,098

Hire purchase contracts

2,134

3,657

Trade creditors

10,573

9,318

Taxation and social security

4,022

434

Other creditors

28,277

34,403

64,643

59,910

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

4,757

8,723

Hire purchase contracts

-

2,134

4,757

10,857

8.	RELATED PARTY DISCLOSURES

M J Wild

Director

At 31 March 2025, the company owed the director M J Wild £11 (2024 - £4,036).

The unsecured loan from the director is interest free and has no fixed repayment terms.