Registered number
08674065
Seymour Research Limited
Report and Accounts
31 August 2023
Seymour Research Limited
Report to the director on the preparation of the unaudited statutory accounts of Seymour Research Limited for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Seymour Research Limited for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
25 October 2023
Seymour Research Limited
Registered number: 08674065
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,316 3,412
Current assets
Stocks - 3,275
Debtors 4 11,183 13,473
Cash at bank and in hand 7,660 15,110
18,843 31,858
Creditors: amounts falling due within one year 5 (3,572) (7,607)
Net current assets 15,271 24,251
Total assets less current liabilities 18,587 27,663
Creditors: amounts falling due after more than one year 6 (6,827) -
Net assets 11,760 27,663
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,660 27,563
Shareholder's funds 11,760 27,663
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr K Seymour
Director
Approved by the board on 25 October 2023
Seymour Research Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% reducing balance
Office equipment 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 14,391
Additions 1,010
At 31 August 2023 15,401
Depreciation
At 1 September 2022 10,979
Charge for the year 1,106
At 31 August 2023 12,085
Net book value
At 31 August 2023 3,316
At 31 August 2022 3,412
4 Debtors 2023 2022
£ £
Trade debtors 4,200 8,250
Other debtors 6,983 5,223
11,183 13,473
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,799 (35)
Corporation tax - 1,594
Other taxes and social security costs 1,630 5,905
Other creditors 143 143
3,572 7,607
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,827 -
7 Other information
Seymour Research Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
Seymour Research Limited 08674065 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2022 Dr K Seymour No description of principal activity 08674065 2021-09-01 2022-08-31 08674065 core:WithinOneYear 2022-08-31 08674065 core:AfterOneYear 2022-08-31 08674065 core:ShareCapital 2022-08-31 08674065 core:RetainedEarningsAccumulatedLosses 2022-08-31 08674065 2022-09-01 2023-08-31 08674065 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08674065 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08674065 bus:Director40 2022-09-01 2023-08-31 08674065 core:PlantMachinery 2022-09-01 2023-08-31 08674065 countries:England 2022-09-01 2023-08-31 08674065 bus:FRS102 2022-09-01 2023-08-31 08674065 bus:FullAccounts 2022-09-01 2023-08-31 08674065 2023-08-31 08674065 core:WithinOneYear 2023-08-31 08674065 core:AfterOneYear 2023-08-31 08674065 core:ShareCapital 2023-08-31 08674065 core:RetainedEarningsAccumulatedLosses 2023-08-31 08674065 core:PlantMachinery 2023-08-31 08674065 2022-08-31 08674065 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure