SIMPLE TECHNICAL SOLUTIONS LTD. Financials
- Company number
- SC238180CopyCopy
- Registered office
- Unit 3 Bankhead Avenue, Bankhead Industrial Estate, Glenrothes, Fife KY7 6JG
- Incorporated
- 15/10/2002
Company snapshot
- Status
- Active
- Employees
- 3 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-51.20%vs 20232023: £731.98K
Total Assets
1.22%vs 20232023: £3.44M
Cash in Bank
128.50%vs 20232023: £15.69K
Total Liabilities
16.15%vs 20232023: £2.67M
Employees
-1vs 20232023: 4
In 2024, SIMPLE TECHNICAL SOLUTIONS LTD. reported net assets of £357.19K. The same filing shows total assets of £3.48M, cash in bank of £35.85K and total liabilities of £3.10M. Reported headcount was 3 in 2024. Total Liabilities rose from £2.67M in 2023 to £3.10M in 2024 (16.15%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-51.20%from £731.98K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures SIMPLE TECHNICAL SOLUTIONS LTD. filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-69.9%vs 2022-45.1% a year compound (CAGR)
Cash in Bank
+206%vs 2022+75.1% a year compound (CAGR)
Total Assets
-1%vs 2022-0.5% a year compound (CAGR)
Total Liabilities
+36.1%vs 2022+16.6% a year compound (CAGR)
Employees
-25%vs 2022-1Biggest increase
Cash in Bank+206%
£11.70K in 2022 to £35.85K in 2024
Biggest decrease
Net Assets-69.9%
£1.19M in 2022 to £357.19K in 2024
SIMPLE TECHNICAL SOLUTIONS LTD.'s filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SIMPLE TECHNICAL SOLUTIONS LTD.'s own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 10.27%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 89.19%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 1.16%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 1.03%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SIMPLE TECHNICAL SOLUTIONS LTD. by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 1.22M | 1.19M | 731.98K | 357.19K |
| Total Assets£ | 3.23M | 3.51M | 3.44M | 3.48M |
| Cash in Bank£ | 106.26K | 11.70K | 15.69K | 35.85K |
| Total Liabilities£ | 1.95M | 2.28M | 2.67M | 3.10M |
| Employees | 4 | 4 | 4 | 3 |
SIMPLE TECHNICAL SOLUTIONS LTD. financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SIMPLE TECHNICAL SOLUTIONS LTD. covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SIMPLE TECHNICAL SOLUTIONS LTD. reported net assets of £357.19K for 2024. That compares with £731.98K in 2023, a change of -51.20%.
SIMPLE TECHNICAL SOLUTIONS LTD. reported total assets of £3.48M for 2024. That compares with £3.44M in 2023, a change of 1.22%.
SIMPLE TECHNICAL SOLUTIONS LTD. reported cash in bank of £35.85K for 2024. That compares with £15.69K in 2023, a change of 128.50%.
SIMPLE TECHNICAL SOLUTIONS LTD. reported 3 employees in 2024, compared with 4 in 2023.
Between 2022 and 2024, SIMPLE TECHNICAL SOLUTIONS LTD.'s net assets fell by 69.9%, cash in bank rose by 206%, total assets fell by 1% and total liabilities rose by 36.1%. Net assets contracted at 45.1% a year across the two years to 2024, from £1.19M to £357.19K. Reported headcount went from 4 in 2022 to 3 in 2024 (-1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.