Registered number
04801210
Seer Design Services Limited
Filleted Accounts
30 June 2023
Seer Design Services Limited
Registered number: 04801210
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,105 2,218
Current assets
Debtors 4 17,941 27,777
Cash at bank and in hand 7,618 9,217
25,559 36,994
Creditors: amounts falling due within one year 5 (8,920) (14,564)
Net current assets 16,639 22,430
Net assets 18,744 24,648
Capital and reserves
Called up share capital 2 2
Profit and loss account 18,742 24,646
Shareholders' funds 18,744 24,648
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr D J Rees
Director
Approved by the board on 26 October 2023
Seer Design Services Limited
Notes to the Accounts
for the year ended 30 June 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, using the reducing balance method as follows:
Plant and machinery 15%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 10,896
Additions 258
At 30 June 2023 11,154
Depreciation
At 1 July 2022 8,678
Charge for the year 371
At 30 June 2023 9,049
Net book value
At 30 June 2023 2,105
At 30 June 2022 2,218
4 Debtors 2023 2022
£ £
Trade debtors 17,938 27,777
Other debtors 3 -
17,941 27,777
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,395 2,126
Taxation and social security costs 5,125 11,308
Other creditors 1,400 1,130
8,920 14,564
6 Other information
Seer Design Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Waun Hir
Efail Isaf
Pontypridd
CF38 1AX
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