REGISTERED NUMBER: 06982137 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SIMPLYBI LIMITED

Page

Company Information

1

Balance Sheet

2

DIRECTORS:

A H Vora

Ms S Dawood

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

06982137 (England and Wales)

ACCOUNTANTS:

Hoong & Company

Chartered Certified Accountants

7 Lorian Close

Woodside Park

London

N12 7DW

FIXED ASSETS

17,674

16,234

CURRENT ASSETS

53,835

103,803

CREDITORS

Amounts falling due within one year

(5,200

)

(8,202

)

NET CURRENT ASSETS

48,635

95,601

TOTAL ASSETS LESS CURRENT LIABILITIES

66,309

111,835

CREDITORS

Amounts falling due after more than one year

31,474

30,978

NET ASSETS

34,835

80,857

CAPITAL AND RESERVES

34,835

80,857

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2024 - 3 ) .

2.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

A H Vora

Balance outstanding at start of year

42,007

37,712

Amounts advanced

-

4,295

Amounts repaid

(42,007

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

42,007

Ms S Dawood

Balance outstanding at start of year

19,724

16,789

Amounts advanced

-

2,935

Amounts repaid

(19,724

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

19,724

At the beginning of the year, the director S Dawood, owed the company £19,724 and this balance was repaid in full on 31 March 2025. The loan was interest free and repayable on demand.

At the beginning of the year, the director AH Vora, owed the company £42,007 and this balance was repaid in full on 27 March 2025. The loan was interest free and repayable on demand.

3.	OTHER FINANCIAL COMMITMENTS

The company borrowed £50,000 under the CoronaVirus Bounce Back Loan Scheme (BBLS) during the year ended 31 March 2021. The terms of the scheme are such that the government guarantees 100% of the loan and pays any fees and interest payments for the first 12 months (Business Interruption Payment).

The interest rate for the BBLS is fixed at 2.5% per annum and the loan is repayable over 10 years.

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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

A H Vora - Director