Company No: 11591373 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	1,327,070		957,808
Tangible assets	4	1,171		425
		1,328,241		958,233
Current assets
Debtors	5	196,303		78,404
Cash at bank and in hand		4		243,224
		196,307		321,628
Creditors: amounts falling due within one year	6	( 843,440)		( 1,156,938)
Net current liabilities		(647,133)		(835,310)
Total assets less current liabilities		681,108		122,923
Creditors: amounts falling due after more than one year	7	( 49,285)		( 28,343)
Provision for liabilities	8	( 284,400)		( 222,170)
Net assets/(liabilities)		347,423		( 127,590)
Capital and reserves
Called-up share capital	9	143		143
Share premium account		77,492		77,492
Profit and loss account		269,788		( 205,225 )
Total shareholder's funds/(deficit)		347,423		( 127,590)

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

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Cimple Limited (registered number: 11591373) were approved and authorised for issue by the Director. They were signed on its behalf by:

W J A Plumptre Director

18 September 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cimple Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is First Floor, 5 Fleet Place, London, EC4M 7RD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The company belonged to a small group during the accounting period. The company has taken advantage of the Companies Act 2006 exemption from preparing consolidated financial statements for a small group.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises of fees receivable for the provision of a procurement platform for buyers and suppliers of goods and services in the public and private sector and is recognised upon completion of a tender for goods or services.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Research and Development Expenditure Credit ("RDEC")

The company received the Research and Development Expenditure Credit ("RDEC"), a significant government tax incentive. RDEC is a research and development ("R&D") tax credit incentive offered by the UK government to promote private sector investment in innovation, and is calculated as a percentage of qualifying R&D expenditure. This benefit is recorded as income included in profit before tax as a component of other operating income. The credit is taxable at the normal corporation tax rate and the charge recorded in current tax expense. Amounts due to the company can be offset against the company tax liability or, in some circumstances, can be payable in cash. To the extent that the RDEC relates to capitalised development expenses, a corresponding deferred income credit is recognised in liabilities and released over the useful life of the capitalised asset through other operating income.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs

10 years straight line

Research and development

Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future economic benefits, and the costs can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over the anticipated life of the benefits arising from the completed product of the project.

Tangible fixed assets

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment

5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	3		4

3. Intangible assets

	Development costs		Total
	£		£
Cost
At 01 January 2025	1,204,292		1,204,292
Additions	544,102		544,102
At 31 December 2025	1,748,394		1,748,394
Accumulated amortisation
At 01 January 2025	246,484		246,484
Charge for the financial year	174,840		174,840
At 31 December 2025	421,324		421,324
Net book value
At 31 December 2025	1,327,070		1,327,070
At 31 December 2024	957,808		957,808

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 January 2025	708		708
Additions	918		918
At 31 December 2025	1,626		1,626
Accumulated depreciation
At 01 January 2025	283		283
Charge for the financial year	172		172
At 31 December 2025	455		455
Net book value
At 31 December 2025	1,171		1,171
At 31 December 2024	425		425

5. Debtors

	2025		2024
	£		£
Trade debtors	610		16,150
Amounts owed by group undertakings	135		135
Corporation tax	103,223		62,119
Other debtors	92,335		0
	196,303		78,404

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	8,812		10,397
Trade creditors	176,429		315,249
Amounts owed to group undertakings	412,696		749,806
Other taxation and social security	113,333		56,711
Other creditors	132,170		24,775
	843,440		1,156,938

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		4,413
Other creditors	49,285		23,930
	49,285		28,343

The bank loan represents amounts loaned to the company under the Bounce Back Loan Scheme. There is a fixed repayment term of six years, interest is charged at 2.5% per annum and the loan is fully guaranteed by the UK Government.

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	284,400		222,170

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
14,275 Ordinary shares of £ 0.01 each	143		143