General Information
Simplicity Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 05497852, registration address Monkswell, Little Baldon, Oxford, Oxfordshire, OX44 9PU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown as sales net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Office Equipment |
25% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 28 July 2024 |
10,375 |
|
10,375 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 27 July 2025 |
10,375 |
|
10,375 |
| Amortisation |
| At 28 July 2024 |
10,375 |
|
10,375 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 27 July 2025 |
10,375 |
|
10,375 |
| Net book values |
| At 27 July 2025 |
- |
|
- |
| At 27 July 2024 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Office Equipment |
|
Total |
| |
£ |
|
£ |
| At 28 July 2024 |
24,113 |
|
24,113 |
| Additions |
323 |
|
323 |
| Disposals |
- |
|
- |
| At 27 July 2025 |
24,436 |
|
24,436 |
| Depreciation |
| At 28 July 2024 |
15,548 |
|
15,548 |
| Charge for year |
2,195 |
|
2,195 |
| On disposals |
- |
|
- |
| At 27 July 2025 |
17,743 |
|
17,743 |
| Net book values |
| Closing balance as at 27 July 2025 |
6,693 |
|
6,693 |
| Opening balance as at 28 July 2024 |
8,565 |
|
8,565 |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
9,301 |
|
7,933 |
|
9,301 |
|
7,933 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
118,081 |
|
81,736 |
| Amount Owed by Participating Interests |
24,633 |
|
12,500 |
| Prepayments & Accrued Income |
13,249 |
|
11,133 |
| Accrued Income |
2,457 |
|
2,151 |
| Other Debtors |
6,331 |
|
8,405 |
| Directors' Current Accounts |
36,554 |
|
25,787 |
|
201,305 |
|
141,712 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
30,076 |
|
13,198 |
| Bank Loans & Overdrafts |
20,045 |
|
49,086 |
| Corporation Tax |
15,720 |
|
25,269 |
| PAYE & Social Security |
25,095 |
|
28,824 |
| Accrued Expenses |
- |
|
5,803 |
| VAT |
26,174 |
|
17,584 |
|
117,110 |
|
139,764 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
141,682 |
|
132,686 |
|
141,682 |
|
132,686 |
|
| 9. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Pension Provisions |
448 |
|
554 |
|
448 |
|
554 |
|
| 10. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
50
Class A shares of £1.00 each |
50 |
|
50 |
|
50 |
|
50 |
|
|
Transactions with the director
As at 27 July 2025 the amount owed to the company by the director was £38,154 (2024 - £25,787). Interest was charged at the average official rate in respect of this balance and the amount is repayable on demand.
|
2
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