REGISTERED NUMBER: 04243709 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SIMPLYSNAP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Thatcher

M Beard

REGISTERED OFFICE:

Unit 5, Wellbrook Farm

Berkeley Road

Mayfield

East Sussex

TN20 6EH

REGISTERED NUMBER:

04243709 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Tangible assets

4

1,281,046

2,683,226

CURRENT ASSETS

Debtors

5

70,025

82,394

Cash at bank

531,663

32,604

601,688

114,998

CREDITORS

Amounts falling due within one year

6

507,802

543,347

NET CURRENT ASSETS/(LIABILITIES)

93,886

(428,349

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,374,932

2,254,877

CREDITORS

Amounts falling due after more than one year

7

228,964

701,343

NET ASSETS

1,145,968

1,553,534

CAPITAL AND RESERVES

Called up share capital

4,227

2,923

Share premium

2,388,546

1,139,850

Retained earnings

(1,246,805

)

410,761

SHAREHOLDERS' FUNDS

1,145,968

1,553,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 30 December 2025 and were signed on its behalf by:

M Beard - Director

1.	STATUTORY INFORMATION

SIMPLYSNAP 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 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.

Equipment for hire

-

at varying rates on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Website

-

10% 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.

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 16 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

Equipment

and

Equipment

for hire

fittings

£

£

£

COST

At 1 January 2024

-

2,556,314

280,650

Additions

-

56,686

9,302

Disposals

-

(1,549,086

)

(158,719

)

Reclassification/transfer

42,554

-

(42,554

)

At 31 December 2024

42,554

1,063,914

88,679

DEPRECIATION

At 1 January 2024

-

806,163

133,998

Charge for year

-

91,577

22,812

Eliminated on disposal

-

(543,495

)

(72,760

)

Reclassification/transfer

37,615

-

(37,615

)

At 31 December 2024

37,615

354,245

46,435

NET BOOK VALUE

At 31 December 2024

4,939

709,669

42,244

At 31 December 2023

-

1,750,151

146,652

Motor

vehicles

Website

Totals

£

£

£

COST

At 1 January 2024

307,435

735,101

3,879,500

Additions

34,354

74,682

175,024

Disposals

(87,883

)

(352,319

)

(2,148,007

)

Reclassification/transfer

-

-

-

At 31 December 2024

253,906

457,464

1,906,517

DEPRECIATION

At 1 January 2024

121,112

135,001

1,196,274

Charge for year

39,027

45,746

199,162

Eliminated on disposal

(56,987

)

(96,723

)

(769,965

)

Reclassification/transfer

-

-

-

At 31 December 2024

103,152

84,024

625,471

NET BOOK VALUE

At 31 December 2024

150,754

373,440

1,281,046

At 31 December 2023

186,323

600,100

2,683,226

The companies depreciation policy for Equipment Hire are listed as follows,

Ancillary Equipment - 12.5% RB

Cameras Equipment - 16.67% RB

Audio & Grip Equipment - 12.5% RB

Lenses Equipment - 10% RB

Lightening Equipment - 12.5% RB

Monitoring Equipment - 16.67% RB

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

7,883

49,882

Other debtors

37,489

28,012

VAT

24,653

-

Prepayments

-

4,500

70,025

82,394

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other loans

183,518

177,734

Hire purchase contracts

41,140

173,576

Trade creditors

134,547

122,802

Social security and other taxes

8,736

14,526

VAT

-

40,207

Other creditors

2,216

2,055

Directors' current accounts

-

7,802

Accrued expenses

137,645

4,645

507,802

543,347

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other loans - 2-5 years

125,065

401,380

Hire purchase contracts

103,899

299,963

228,964

701,343

8.	EXCEPTIONAL ITEM

During the year the company reviewed their Website and Equipment Hire Capitalisation policy and this has meant a w/off of value as shown in the Financial Statements.

9.	SHARE ISSUE

During the year the company has issued 13,045 new shares at a price of 95.82 pence per share.

Increased Share capital by £ 1304 and Share Premium by £ 1,248,696.