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REGISTERED NUMBER: SC498329 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2020

for

Simple Online Healthcare Limited

Simple Online Healthcare Limited (Registered number: SC498329)

Contents of the Financial Statements
for the Year Ended 29 February 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simple Online Healthcare Limited

Company Information
for the Year Ended 29 February 2020







DIRECTORS: A Mohammed
A K Nassar





REGISTERED OFFICE: 37 Main Street
Calderbank
Airdrie
ML6 9SG





REGISTERED NUMBER: SC498329 (Scotland)






Simple Online Healthcare Limited (Registered number: SC498329)

Balance Sheet
29 February 2020

29.2.20 28.2.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 279,649 2,194

CURRENT ASSETS
Stocks 95,150 92,650
Debtors 5 1,145,763 284,305
Cash at bank 673,797 785,679
1,914,710 1,162,634
CREDITORS
Amounts falling due within one year 6 662,687 479,901
NET CURRENT ASSETS 1,252,023 682,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,531,672

684,927

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,531,552 684,807
1,531,672 684,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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.

Simple Online Healthcare Limited (Registered number: SC498329)

Balance Sheet - continued
29 February 2020


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 Board of Directors and authorised for issue on 5 January 2021 and were
signed on its behalf by:




A Mohammed - Director



A K Nassar - Director


Simple Online Healthcare Limited (Registered number: SC498329)

Notes to the Financial Statements
for the Year Ended 29 February 2020


1. STATUTORY INFORMATION

Simple Online Healthcare Limited is a private company, limited by shares , registered in Scotland. 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.

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 reducing balance

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.

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.

Simple Online Healthcare Limited (Registered number: SC498329)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2019 - - 2,670 1,076 3,746
Additions 133,165 155,842 27,535 564 317,106
At 29 February 2020 133,165 155,842 30,205 1,640 320,852
DEPRECIATION
At 1 March 2019 - - 1,391 161 1,552
Charge for year - 38,961 320 370 39,651
At 29 February 2020 - 38,961 1,711 531 41,203
NET BOOK VALUE
At 29 February 2020 133,165 116,881 28,494 1,109 279,649
At 28 February 2019 - - 1,279 915 2,194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Trade debtors 37,682 62,544
Other debtors 1,108,081 221,761
1,145,763 284,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Trade creditors 537,531 352,129
Taxation and social security 61,217 111,925
Other creditors 63,939 15,847
662,687 479,901

7. RELATED PARTY DISCLOSURES

Other debtors balance includes balance due from 2UP Healthcare Ltd of £118,253, a wholly owned subsidiary of the
parent company Simple Online Holdings Ltd.