REGISTERED NUMBER: 12122319 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Simply AI Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A C Deighton

REGISTERED OFFICE:

Unit 8 Gemini Business Park

Sheepscar Way

Leeds

LS7 3JB

REGISTERED NUMBER:

12122319 (England and Wales)

ACCOUNTANTS:

Franks Accountants Limited

First Floor

Equinox 1

Audby Lane

Wetherby

West Yorkshire

LS22 7RD

FIXED ASSETS

Intangible assets

4

-

287

Tangible assets

5

1,074

-

1,074

287

CURRENT ASSETS

Debtors

6

177,228

68,771

Prepayments and accrued income

3,256

2,520

Cash at bank

13,045

17,415

193,529

88,706

CREDITORS

Amounts falling due within one year

7

1,121,084

731,435

NET CURRENT LIABILITIES

(927,555

)

(642,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(926,481

)

(642,442

)

CREDITORS

Amounts falling due after more than one year

8

16,679

16,085

NET LIABILITIES

(943,160

)

(658,527

)

CAPITAL AND RESERVES

Called up share capital

3,301

2,958

Share premium

1,137,888

883,384

Retained earnings

(2,084,349

)

(1,544,869

)

(943,160

)

(658,527

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 23 July 2026 and were signed by:

A C Deighton - Director

1.	STATUTORY INFORMATION

Simply AI Ltd 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

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 11 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

5,751

AMORTISATION

At 1 April 2025

5,464

Charge for year

287

At 31 March 2026

5,751

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

287

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

13,211

Additions

1,611

At 31 March 2026

14,822

DEPRECIATION

At 1 April 2025

13,211

Charge for year

537

At 31 March 2026

13,748

NET BOOK VALUE

At 31 March 2026

1,074

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

37,227

11,180

Other debtors

140,001

57,591

177,228

68,771

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

5,040

10,000

Trade creditors

44,040

24,120

Taxation and social security

71,315

56,473

Other creditors

1,000,689

640,842

1,121,084

731,435

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

16,679

16,085