Company Registration No. 8476162 (England and Wales)
SERAFIN LTD
Unaudited accounts
for the year ended 28 February 2023
SERAFIN LTD
Unaudited accounts
Contents
SERAFIN LTD
Company Information
for the year ended 28 February 2023
Company Number
8476162 (England and Wales)
Registered Office
67 Parsonsfield Road
Banstead
SM7 1JP
SERAFIN LTD
Statement of financial position
as at 28 February 2023
Called up share capital not paid
1
-
Tangible assets
34,402
45,017
Investment property
143,000
143,000
Cash at bank and in hand
41,996
11,169
Creditors: amounts falling due within one year
(197,761)
(172,180)
Net current liabilities
(12,684)
(33,753)
Total assets less current liabilities
164,719
154,264
Creditors: amounts falling due after more than one year
(164,575)
(95,607)
Called up share capital
1
1
Profit and loss account
143
58,656
Shareholders' funds
144
58,657
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Tomasz Serafin
Director
Company Registration No. 8476162
SERAFIN LTD
Notes to the Accounts
for the year ended 28 February 2023
SERAFIN LTD is a private company, limited by shares, registered in England and Wales, registration number 8476162. The registered office is 67 Parsonsfield Road, Banstead, SM7 1JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
SERAFIN LTD
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
41,412
33,985
3,421
78,818
At 28 February 2023
41,412
33,985
4,611
80,008
At 1 March 2022
19,528
12,829
1,444
33,801
Charge for the year
5,471
5,289
1,045
11,805
At 28 February 2023
24,999
18,118
2,489
45,606
At 28 February 2023
16,413
15,867
2,122
34,402
At 28 February 2022
21,884
21,156
1,977
45,017
Fair value at 1 March 2022
143,000
At 28 February 2023
143,000
Amounts falling due within one year
Trade debtors
143,081
72,888
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,828
21,116
Taxes and social security
116,647
73,371
8
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
66,562
53,986
SERAFIN LTD
Notes to the Accounts
for the year ended 28 February 2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).