REGISTERED NUMBER: 05893692 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Simple Financial Advice Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

35,023

46,697

CURRENT ASSETS

Stocks

12,000

5,000

Debtors

5

2,575

61,488

Cash at bank and in hand

37,622

35,714

52,197

102,202

CREDITORS

Amounts falling due within one year

6

(40,210

)

(18,921

)

NET CURRENT ASSETS

11,987

83,281

TOTAL ASSETS LESS CURRENT LIABILITIES

47,010

129,978

CREDITORS

Amounts falling due after more than one year

7

(120,650

)

(181,012

)

NET LIABILITIES

(73,640

)

(51,034

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(73,840

)

(51,234

)

SHAREHOLDERS' FUNDS

(73,640

)

(51,034

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 15 May 2026 and were signed on its behalf by:

Mr J R Wilkinson - Director

1.	STATUTORY INFORMATION

Simple Financial Advice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05893692

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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

After reviewing all available information, the directors have a reasonable expectation that the company can continue to operate with their support into the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.

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 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

124,538

49,810

174,348

DEPRECIATION

At 1 November 2024

124,538

3,113

127,651

Charge for year

-

11,674

11,674

At 31 October 2025

124,538

14,787

139,325

NET BOOK VALUE

At 31 October 2025

-

35,023

35,023

At 31 October 2024

-

46,697

46,697

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

2,575

61,488

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

2,673

2,573

Hire purchase contracts

32,894

10,642

Trade creditors

927

1,058

Taxation and social security

1,284

724

Other creditors

2,432

3,924

40,210

18,921

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

10,650

13,118

Hire purchase contracts

-

32,894

Other creditors

110,000

135,000

120,650

181,012

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Mr J R Wilkinson

Balance outstanding at start of year

-

-

Amounts advanced

2,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,000

-

Loans are interest free and repaid within 9 months of the year end.