REGISTERED NUMBER: 08535253 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Simply Accountants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Kulasingam

REGISTERED OFFICE:

15a Walm Lane

London

NW2 5SJ

REGISTERED NUMBER:

08535253 (England and Wales)

ACCOUNTANTS:

Schiavi Pole Brett Ltd

Unit 2,

58 High Street

Pinner

HA5 5PZ

FIXED ASSETS

Intangible assets

4

-

131,733

Tangible assets

5

-

2,440

-

134,173

CURRENT ASSETS

Debtors

6

100

3,060

Prepayments and accrued income

-

3,950

Cash at bank

-

87,384

100

94,394

CREDITORS

Amounts falling due within one year

7

-

167,246

NET CURRENT ASSETS/(LIABILITIES)

100

(72,852

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100

61,321

CREDITORS

Amounts falling due after more than one year

8

-

57,008

NET ASSETS

100

4,313

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

-

4,213

SHAREHOLDERS' FUNDS

100

4,313

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 December 2025 and were signed by:

Mr S Kulasingam - Director

1.	STATUTORY INFORMATION

Simply Accountants 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

197,600

Disposals

(197,600

)

At 31 August 2025

-

AMORTISATION

At 1 September 2024

65,867

Eliminated on disposal

(65,867

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

131,733

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2024

4,612

Disposals

(4,612

)

At 31 August 2025

-

DEPRECIATION

At 1 September 2024

2,172

Eliminated on disposal

(2,172

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

2,440

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

-

3,060

Other debtors

100

-

100

3,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

-

58,618

Trade creditors

-

698

Tax

-

16,171

Social security and other taxes

-

137

VAT

-

4,880

Directors' current accounts

-

86,742

-

167,246

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

57,008