Simple Technology UK Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02655125

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,126		4,180

			3,126		4,180
CURRENT ASSETS
Stocks	5	83,220		98,704
Debtors	6	377,851		160,150
Cash at bank and in hand		27,060		155,685

		488,131		414,539
Creditors: Amounts Falling Due Within One Year	7	(239,030 )		(166,679 )

NET CURRENT ASSETS (LIABILITIES)			249,101		247,860

TOTAL ASSETS LESS CURRENT LIABILITIES			252,227		252,040

Creditors: Amounts Falling Due After More Than One Year	8		(21,708 )		-

NET ASSETS			230,519		252,040

CAPITAL AND RESERVES
Called up share capital	10		500		500
Capital redemption reserve			500		500
Profit and Loss Account			229,519		251,040

SHAREHOLDERS' FUNDS			230,519		252,040

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Simple Technology UK Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A Rosser

Director

29/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Simple Technology UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02655125 . The registered office is Dallam Court, Dallam Lane, Warrington, Cheshire, WA2 7LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Judgements, estimates and assumptions have been made in the preparation of these financial statements. The Director has exercised significant judgement when determining the value of stock at the balance sheet date.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Simple Technology UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 November 2024	74,002

As at 31 October 2025	74,002

Depreciation
As at 1 November 2024	69,822
Provided during the period	1,054

As at 31 October 2025	70,876

Net Book Value
As at 31 October 2025	3,126

As at 1 November 2024	4,180

5. Stocks

	2025	2024
	£	£
Stock	83,220	98,704

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	101,552	120,674
Other debtors	276,299	39,476

	377,851	160,150

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Simple Technology UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	213,215	113,961
Bank loans and overdrafts	5,920	33,549
Other creditors	3,547	6,133
Taxation and social security	16,348	13,036

	239,030	166,679

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	21,708	-

9. Secured Creditors

Santander UK PLC have a fixed charge and floating charge against the assets in the company. The amount is included in:

	2025		2024
	£		£
Other Creditors	27,628		33,549

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	500	500

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Antonio Rosser	39,476	34,618	39,476	-	34,618

The above loan is unsecured, has an interest rate of 3.75% and repayable on demand.

12. Accounting Policies and Estimates

During the year, the company increased its depreciation rate from 20% to 25%. The effect of this change has been recognised in the current period.

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