REGISTERED NUMBER: 05137978 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

SIMPLY-COMMUNICATE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

Mr B P Reynolds

Mr G Etherington

Registered office:

The Walbrook Building

25 Walbrook

London

EC4N 8AW

Registered number:

05137978 (England and Wales)

Auditors:

Cooper Parry Group Limited

Statutory Auditor

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

1,951

5,660

Current assets

Debtors

5

961,202

695,182

Cash at bank

22,525

34,937

983,727

730,119

Creditors

Amounts falling due within one year

6

1,264,193

715,961

Net current (liabilities)/assets

(280,466

)

14,158

Total assets less current liabilities

(278,515

)

19,818

Capital and reserves

Called up share capital

7

1

1

Capital redemption reserve

45,801

45,801

Retained earnings

(324,317

)

(25,984

)

Shareholders' funds

(278,515

)

19,818

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr G Etherington - Director

1.	Statutory information

Simply-Communicate 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The directors' believe the business to be a going concern and the financial statements have been prepared on that basis. The Company retains the support and financial backing of the Group as a whole.

The current economic conditions present increased risks for all businesses. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities. Despite the net liability of £278,515 in the Company, a large proportion of this relates to intercompany balances owed to the Group as a whole controlled by the ultimate parent company, Gallagher Benefit Services Management Company Limited has provided a letter of support, that they as the Parent Company will continue to support the UK Group for a period of at least 12 months from the signing of the financial statements. They have stated that they will provide additional funding if required to ensure they are able to meet their creditors as they fall due.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Computer equipment

-

Straight line over 3 years

Financial instruments

Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds basic financial instruments which comprise cash at bank, trade and other receivables, equity investments and trade and other payables. The Company have chosen to apply the provisions of Section 11 Basic Financial Instruments in full.

Financial assets - classified as basic financial instruments

(i) Cash at bank and in hand

Cash at bank and in hand include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables

Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

(iii) Equity investments

Equity investments comprise ordinary shares. Equity investments are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

Financial Liabilities - classified as basic financial instruments

(i) Trade and other payables and loans and borrowings

Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount of the cash expected to be paid.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

and 31 December 2024

13,670

Depreciation

At 1 January 2024

8,010

Charge for year

3,709

At 31 December 2024

11,719

Net book value

At 31 December 2024

1,951

At 31 December 2023

5,660

5.

Debtors: amounts falling due within one year

2024

2023

as restated

£

£

Trade debtors

838,468

65,000

Other debtors

122,734

630,182

961,202

695,182

6.

Creditors: amounts falling due within one year

2024

2023

as restated

£

£

Bank loans and overdrafts

-

103,866

Trade creditors

20,284

90,468

Amounts owed to group undertakings

894,374

-

Taxation and social security

102,401

251,034

Other creditors

247,134

270,593

1,264,193

715,961

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

1

Ordinary

1

1

1

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Robert Blundell BSc FCA (Senior Statutory Auditor)

for and on behalf of Cooper Parry Group Limited

9.	Ultimate controlling party

The ultimate controlling party is Gallagher Benefit ServicesManagement Company Limited.