REGISTERED NUMBER: 06007861 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Simply Out of School Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Matthews

Mrs E Matthews

REGISTERED OFFICE:

3 Maes Yr Eithin

Coity

Bridgend

CF35 6BJ

REGISTERED NUMBER:

06007861 (England and Wales)

ACCOUNTANTS:

Macey Owen Limited

5, Willow Walk

Cowbridge

Vale of Glamorgan

CF71 7EE

FIXED ASSETS

Intangible assets

4

563

704

Tangible assets

5

356

787

919

1,491

CURRENT ASSETS

Stocks

5,000

3,000

Debtors

101,553

38,428

Cash at bank

30,047

126,640

136,600

168,068

CREDITORS

Amounts falling due within one year

(52,418

)

(41,076

)

NET CURRENT ASSETS

84,182

126,992

TOTAL ASSETS LESS CURRENT LIABILITIES

85,101

128,483

CREDITORS

Amounts falling due after more than one year

-

(6,843

)

PROVISIONS FOR LIABILITIES

(68

)

(197

)

NET ASSETS

85,033

121,443

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

84,933

121,343

SHAREHOLDERS' FUNDS

85,033

121,443

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 July 2026 and were signed on its behalf by:

Mrs E Matthews - Director

1.	STATUTORY INFORMATION

Simply Out of School 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.

The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced supply of services, excluding value added tax. The franchise income is based on date of contract signing rather than on date of receipt.

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.

Patents and licences are being amortised evenly over their 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.

Plant and machinery etc

-

25% on cost

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 93 (2024 - 90 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 July 2025

2,433

AMORTISATION

At 1 August 2024

1,729

Amortisation for year

141

At 31 July 2025

1,870

NET BOOK VALUE

At 31 July 2025

563

At 31 July 2024

704

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 July 2025

5,893

DEPRECIATION

At 1 August 2024

5,106

Charge for year

431

At 31 July 2025

5,537

NET BOOK VALUE

At 31 July 2025

356

At 31 July 2024

787

6.	SECURED DEBTS

The company has a bounceback loan which is a government banked guaranteed loan.

7.	TRANSACTIONS WITH DIRECTORS

At the year end, the shareholders owed the company £73k which was paid within 30 days.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2024 - £66,100) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The directors are deemed as the controlling party due to equal shareholding.