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Registered number: 07046241
Simply Ethical Financial Services Ltd
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Simply Ethical Financial Services Ltd
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
DIRECTORS
F A G Karbani
W A Khan
T El Diwany (Appointed on 1 June 2026)
REGISTERED OFFICE
Plus X Innovation
The Future Works
2 Brunel Way
Slough
SL1 1FQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07046241
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Simply Ethical Financial Services Ltd
ACCOUNTS
FOR THEYEARENDED31 MARCH 2026
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Simply Ethical Financial Services Ltd
BALANCE SHEET AT 31 March 2026
20262025
Notes££
CURRENT ASSETS
Debtors246,48839,810
Cash at bank and in hand471,14450,654
517,63290,464
CREDITORS: Amounts falling due within one year341,86924,730
NET CURRENT ASSETS475,76365,734
TOTAL ASSETS LESS CURRENT LIABILITIES475,76365,734
CREDITORS: Amounts falling due after more than one year410,00010,000
NET ASSETS465,76355,734
CAPITAL AND RESERVES
Called up share capital660,98955,000
Share premium account7394,011-
Profit and loss account10,763734
SHAREHOLDERS' FUNDS465,76355,734
For the year ending 31 March 2026 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27 July 2026 and signed on their behalf by
.............................
F A G Karbani
Director
Simply Ethical Financial Services Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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. 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.
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Turnover
Turnover represents the value of services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.
1e. Statutory Information
Simply Ethical Financial Services Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 07046241 and registered office address isPlus X Innovation, The Future Works, 2 Brunel Way, Slough, England, SL1 1FQ.
1f. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. DEBTORS 20262025
££
Amounts falling due within one year
Trade debtors38,84531,383
Other debtors200200
Prepayments7,4435,266
Accrued income-2,750
Directors current account-211
46,48839,810
Simply Ethical Financial Services Ltd
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20262025
££
Taxation and social security12,37712,766
Salaries and wages-10,459
Directors current account559-
Pension schemes1,494665
Accruals27,439840
41,86924,730
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20262025
££
Other creditors > 1yr10,00010,000
10,00010,000
Other creditors includes subordinated loans owed to a director of £10,000, (2025: £10,000).
5. EMPLOYEES
20262025
No.No.
Average number of employees44
6. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
60,989 Ordinary shares of £1 each60,98955,000
60,98955,000
New shares issued during period:
5,989 Ordinary shares of £1 each5,9895,000
5,9895,000
7. SHARE PREMIUM ACCOUNT 20262025
££
Share premium account394,011-
8. RELATED PARTY TRANSACTIONS
At the balance sheet date, a director of the company, had advances of loans of £Nil, (Last Year : £211).The maximum amount advanced in the year was £211. This loan was interest free.