1 March 2022 false No description of principal activity Taxfiler 2023.10 8476162business:PrivateLimitedCompanyLtd2022-03-012023-02-28 84761622022-02-28 84761622022-03-012023-02-28 8476162business:AuditExemptWithAccountantsReport2022-03-012023-02-28 8476162business:FilletedAccounts2022-03-012023-02-28 84761622023-02-28 8476162business:Director12022-03-012023-02-28 8476162business:RegisteredOffice2022-03-012023-02-28 84761622022-02-28 8476162core:WithinOneYear2023-02-28 8476162core:WithinOneYear2022-02-28 8476162core:AfterOneYear2023-02-28 8476162core:AfterOneYear2022-02-28 8476162core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 8476162core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 8476162core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 8476162core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 8476162core:PreviouslyStatedAmount2023-02-28 8476162core:PreviouslyStatedAmount2022-02-28 8476162business:SmallEntities2022-03-012023-02-28 8476162countries:EnglandWales2022-03-012023-02-28 8476162core:PlantMachinery2022-03-012023-02-28 8476162core:FurnitureFittings2022-03-012023-02-28 8476162core:ComputerEquipment2022-03-012023-02-28 8476162core:PlantMachinery2022-02-28 8476162core:MotorVehicles2022-02-28 8476162core:ComputerEquipment2022-02-28 8476162core:MotorVehicles2022-03-012023-02-28 8476162core:PlantMachinery2023-02-28 8476162core:MotorVehicles2023-02-28 8476162core:ComputerEquipment2023-02-28 8476162business:OrdinaryShareClass12022-03-012023-02-28 8476162business:OrdinaryShareClass12021-03-012022-02-28 84761622021-03-012022-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8476162 (England and Wales)
SERAFIN LTD Unaudited accounts for the year ended 28 February 2023
SERAFIN LTD Unaudited accounts Contents
Page
- 2 -
SERAFIN LTD Company Information for the year ended 28 February 2023
Director
Tomasz Serafin
Company Number
8476162 (England and Wales)
Registered Office
67 Parsonsfield Road Banstead SM7 1JP
- 3 -
SERAFIN LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1 
- 
Fixed assets
Tangible assets
34,402 
45,017 
Investment property
143,000 
143,000 
177,402 
188,017 
Current assets
Debtors
143,081 
127,258 
Cash at bank and in hand
41,996 
11,169 
185,077 
138,427 
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)
Net assets
144 
58,657 
Capital and reserves
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
- 4 -
SERAFIN LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
33%
- 5 -
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 
Additions
- 
- 
1,190 
1,190 
At 28 February 2023
41,412 
33,985 
4,611 
80,008 
Depreciation
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 
Net book value
At 28 February 2023
16,413 
15,867 
2,122 
34,402 
At 28 February 2022
21,884 
21,156 
1,977 
45,017 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
143,000 
At 28 February 2023
143,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
143,081 
72,888 
Amounts falling due after more than one year
Other debtors
- 
54,370 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
29,828 
21,116 
VAT
50,061 
77,693 
Trade creditors
1,225 
- 
Taxes and social security
116,647 
73,371 
197,761 
172,180 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
98,013 
41,621 
Taxes and social security
66,562 
53,986 
164,575 
95,607 
- 6 -
SERAFIN LTD Notes to the Accounts for the year ended 28 February 2023
9
Share capital
2023 
2022 
£ 
£ 
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).
- 7 -