REGISTERED NUMBER: SC349645 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Simply Ship Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Laing

J A Ross

REGISTERED OFFICE:

Peterkins

100 Union Street

Aberdeen

AB10 1QR

REGISTERED NUMBER:

SC349645 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

11,242

16,578

CURRENT ASSETS

Stocks

5

14,666

15,834

Debtors

6

60,249

56,166

Cash in hand

500

500

75,415

72,500

CREDITORS

Amounts falling due within one year

7

75,086

75,427

NET CURRENT ASSETS/(LIABILITIES)

329

(2,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,571

13,651

CREDITORS

Amounts falling due after more than one year

8

13,715

13,649

NET (LIABILITIES)/ASSETS

(2,144

)

2

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(2,146

)

-

SHAREHOLDERS' FUNDS

(2,144

)

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 January 2026 and were signed on its behalf by:

N M Laing - Director

1.	STATUTORY INFORMATION

Simply Ship Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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

-

25% on reducing balance

Motor vehicles

-

20% on 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.

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

25,000

61,050

86,050

DEPRECIATION

At 1 October 2024

20,165

49,307

69,472

Charge for year

1,813

3,523

5,336

At 30 September 2025

21,978

52,830

74,808

NET BOOK VALUE

At 30 September 2025

3,022

8,220

11,242

At 30 September 2024

4,835

11,743

16,578

5.

STOCKS

30.9.25

30.9.24

£

£

Stocks

14,666

15,834

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

39,963

34,280

Directors' current accounts

7,747

11,787

VAT

12,539

10,099

60,249

56,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

9,281

19,617

Trade creditors

42,479

31,342

Tax

10,374

9,626

Social security and other taxes

3,131

836

Funding circle loan

4,813

10,063

Accrued expenses

5,008

3,943

75,086

75,427

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loan

13,715

13,649

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

2

Ordinary

£1

2

2