Company Registration No. 07569404 (England and Wales)
Simply Commercial Limited
Unaudited accounts
for the year ended 31 March 2025
Simply Commercial Limited
Company Information
for the year ended 31 March 2025
Directors
Nazam Hussain
Zia Ulhaq Khan
Company Number
07569404 (England and Wales)
Registered Office
ROCK CENTRE
27-31 LICHFIELD STREET
WALSALL
WEST MIDLANDS
WS1 1TJ
ENGLAND
Accountants
WG Associates
83 Norfolk Crescent
Lindley Park
Nuneaton
Warwickshire
CV10 8BY
Simply Commercial Limited
Statement of financial position
as at 31 March 2025
Tangible assets
5,839
4,300
Cash at bank and in hand
37,259
58,003
Creditors: amounts falling due within one year
(256,856)
(144,241)
Net current assets
21,150
17,517
Called up share capital
10,000
10,000
Profit and loss account
16,989
11,817
Shareholders' funds
26,989
21,817
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by
Zia Ulhaq Khan
Director
Company Registration No. 07569404
Simply Commercial Limited
Notes to the Accounts
for the year ended 31 March 2025
Simply Commercial Limited is a private company, limited by shares, registered in England and Wales, registration number 07569404. The registered office is ROCK CENTRE, 27-31 LICHFIELD STREET, WALSALL, WEST MIDLANDS, WS1 1TJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% reducing balance
The financial statements have been prepared under a going concern basis and the owner of the company will support the business for twelve months from the date of signing the financial statements.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Simply Commercial Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
10,898
5,511
32,431
48,840
At 31 March 2025
10,898
5,511
37,431
53,840
At 1 April 2024
10,898
4,383
29,259
44,540
Charge for the year
-
589
2,872
3,461
At 31 March 2025
10,898
4,972
32,131
48,001
At 31 March 2025
-
539
5,300
5,839
At 31 March 2024
-
1,128
3,172
4,300
Amounts falling due within one year
Trade debtors
180,016
99,403
Accrued income and prepayments
5,731
4,352
6
Investments held as current assets
2025
2024
Unlisted investments
55,000
-
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
167,019
78,391
Taxes and social security
54,370
40,367
Loans from directors
22,875
-
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
9
Transactions with related parties
During the year HBK Solutions Limited an associated company charged consultancy services of £20,400 (2024: £21,784) with £Nil outstanding as at 31 March 2025.
Simply Commercial Limited
Notes to the Accounts
for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 5 (2024: 7).