Silverfin false false 30/09/2023 14/09/2022 30/09/2023 Callum Jonathan Macpherson 14/09/2022 Charlotte Anne Louise Macpherson 21/09/2023 14/09/2022 Iain Jonathan Macpherson 21/09/2023 14/09/2022 21 November 2023 The principal activity of the company during the financial period was retail of sewing machine 14356225 2023-09-30 14356225 bus:Director1 2023-09-30 14356225 bus:Director2 2023-09-30 14356225 bus:Director3 2023-09-30 14356225 core:CurrentFinancialInstruments 2023-09-30 14356225 core:ShareCapital 2023-09-30 14356225 core:RetainedEarningsAccumulatedLosses 2023-09-30 14356225 core:PlantMachinery 2022-09-13 14356225 core:Vehicles 2022-09-13 14356225 core:ComputerEquipment 2022-09-13 14356225 2022-09-13 14356225 core:PlantMachinery 2023-09-30 14356225 core:Vehicles 2023-09-30 14356225 core:ComputerEquipment 2023-09-30 14356225 bus:OrdinaryShareClass1 2023-09-30 14356225 bus:OrdinaryShareClass2 2023-09-30 14356225 bus:OrdinaryShareClass3 2023-09-30 14356225 2022-09-14 2023-09-30 14356225 bus:FilletedAccounts 2022-09-14 2023-09-30 14356225 bus:SmallEntities 2022-09-14 2023-09-30 14356225 bus:AuditExemptWithAccountantsReport 2022-09-14 2023-09-30 14356225 bus:PrivateLimitedCompanyLtd 2022-09-14 2023-09-30 14356225 bus:Director1 2022-09-14 2023-09-30 14356225 bus:Director2 2022-09-14 2023-09-30 14356225 bus:Director3 2022-09-14 2023-09-30 14356225 core:PlantMachinery 2022-09-14 2023-09-30 14356225 core:Vehicles 2022-09-14 2023-09-30 14356225 core:ComputerEquipment core:BottomRangeValue 2022-09-14 2023-09-30 14356225 core:ComputerEquipment core:TopRangeValue 2022-09-14 2023-09-30 14356225 core:ComputerEquipment 2022-09-14 2023-09-30 14356225 bus:OrdinaryShareClass1 2022-09-14 2023-09-30 14356225 bus:OrdinaryShareClass2 2022-09-14 2023-09-30 14356225 bus:OrdinaryShareClass3 2022-09-14 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14356225 (England and Wales)

SEW CENTRE LTD

Unaudited Financial Statements
For the financial period from 14 September 2022 to 30 September 2023
Pages for filing with the registrar

SEW CENTRE LTD

Unaudited Financial Statements

For the financial period from 14 September 2022 to 30 September 2023

Contents

SEW CENTRE LTD

COMPANY INFORMATION

For the financial period from 14 September 2022 to 30 September 2023
SEW CENTRE LTD

COMPANY INFORMATION (continued)

For the financial period from 14 September 2022 to 30 September 2023
DIRECTOR Callum Jonathan Macpherson
REGISTERED OFFICE 24 Barker Business Park
Melmerby
Ripon
HG4 5NB
United Kingdom
COMPANY NUMBER 14356225 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
SEW CENTRE LTD

BALANCE SHEET

As at 30 September 2023
SEW CENTRE LTD

BALANCE SHEET (continued)

As at 30 September 2023
Note 30.09.2023
£
Fixed assets
Tangible assets 3 17,079
17,079
Current assets
Stocks 64,000
Debtors 4 6,480
Cash at bank and in hand 5 61,631
132,111
Creditors: amounts falling due within one year 6 ( 100,901)
Net current assets 31,210
Total assets less current liabilities 48,289
Net assets 48,289
Capital and reserves
Called-up share capital 7 3,000
Profit and loss account 45,289
Total shareholders' funds 48,289

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Sew Centre Ltd (registered number: 14356225) were approved and authorised for issue by the Director on 21 November 2023. They were signed on its behalf by:

Callum Jonathan Macpherson
Director
SEW CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 September 2022 to 30 September 2023
SEW CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 September 2022 to 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Sew Centre Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 24 Barker Business Park, Melmerby, Ripon, HG4 5NB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 - 20 % reducing balance
Vehicles 25 - 25 % reducing balance
Computer equipment 3 - 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

Period from
14.09.2022 to
30.09.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 3

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 14 September 2022 0 0 0 0
Additions 1,471 14,514 4,354 20,339
At 30 September 2023 1,471 14,514 4,354 20,339
Accumulated depreciation
At 14 September 2022 0 0 0 0
Charge for the financial period 98 2,419 743 3,260
At 30 September 2023 98 2,419 743 3,260
Net book value
At 30 September 2023 1,373 12,095 3,611 17,079

4. Debtors

30.09.2023
£
Trade debtors 6,480

5. Cash and cash equivalents

30.09.2023
£
Cash at bank and in hand 49,257
Short-term deposits 12,374
61,631

6. Creditors: amounts falling due within one year

30.09.2023
£
Trade creditors 60,651
Taxation and social security 35,748
Other creditors 4,502
100,901

7. Called-up share capital

30.09.2023
£
Allotted, called-up and fully-paid
1,000 Ordinary A shares of £ 1.00 each 1,000
1,000 Ordinary B shares of £ 1.00 each 1,000
1,000 Ordinary C shares of £ 1.00 each 1,000
3,000