Simplified.ID Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06672314

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		136,636		156,934

			136,636		156,934
CURRENT ASSETS
Debtors	5	439,592		386,145
Cash at bank and in hand		581,662		644,530

		1,021,254		1,030,675
Creditors: Amounts Falling Due Within One Year	6	(125,564 )		(141,702 )

NET CURRENT ASSETS (LIABILITIES)			895,690		888,973

TOTAL ASSETS LESS CURRENT LIABILITIES			1,032,326		1,045,907

NET ASSETS			1,032,326		1,045,907

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			1,032,226		1,045,807

SHAREHOLDERS' FUNDS			1,032,326		1,045,907

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Simplified.ID Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Christopher Clare

Director

31/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Simplified.ID Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06672314 . The registered office is 45, Market Street, Hoylake, Wirral, CH47 2BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% on the reducing balance basis
Motor Vehicles	20% on the reducing balance basis
Fixtures & Fittings	20% on the reducing balance basis
Computer Equipment	20% on the reducing balance basis

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Simplified.ID Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 10)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 August 2024	67,290	123,540	30,247	28,838	249,915
Additions	9,626	-	1,584	9,223	20,433

As at 31 July 2025	76,916	123,540	31,831	38,061	270,348

Depreciation
As at 1 August 2024	36,586	24,696	24,380	7,319	92,981
Provided during the period	13,308	19,769	1,506	6,148	40,731

As at 31 July 2025	49,894	44,465	25,886	13,467	133,712

Net Book Value
As at 31 July 2025	27,022	79,075	5,945	24,594	136,636

As at 1 August 2024	30,704	98,844	5,867	21,519	156,934

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	40,314
Other debtors	439,592	345,831

	439,592	386,145

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	25,691	25,860
Bank loans and overdrafts	15,081	2,993
Other creditors	3,206	22,074
Taxation and social security	81,586	90,775

	125,564	141,702

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Simplified.ID Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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