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REGISTERED NUMBER: SC449446 (Scotland)















Financial Statements for the Year Ended 31 May 2023

for

SEPFLO Ltd

SEPFLO Ltd (Registered number: SC449446)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 6

SEPFLO Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S Murray
N F Wemyss





REGISTERED OFFICE: 8 Binsted Avenue
Dundee
DD3 8PZ





REGISTERED NUMBER: SC449446 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

SEPFLO Ltd (Registered number: SC449446)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,581 11,483

CURRENT ASSETS
Debtors 5 8,999 -
Cash at bank 9,672 35,097
18,671 35,097
CREDITORS
Amounts falling due within one year 6 20,298 16,377
NET CURRENT (LIABILITIES)/ASSETS (1,627 ) 18,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,954

30,203

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 12,754 30,003
SHAREHOLDERS' FUNDS 12,954 30,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SEPFLO Ltd (Registered number: SC449446)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





S Murray - Director


SEPFLO Ltd (Registered number: SC449446)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

SEPFLO Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SEPFLO Ltd (Registered number: SC449446)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 - 233 19,250 6,851 26,334
Additions 10,720 - - 939 11,659
Disposals - - - (2,199 ) (2,199 )
At 31 May 2023 10,720 233 19,250 5,591 35,794
DEPRECIATION
At 1 June 2022 - 232 9,626 4,993 14,851
Charge for year 2,680 - 4,813 1,068 8,561
Eliminated on disposal - - - (2,199 ) (2,199 )
At 31 May 2023 2,680 232 14,439 3,862 21,213
NET BOOK VALUE
At 31 May 2023 8,040 1 4,811 1,729 14,581
At 31 May 2022 - 1 9,624 1,858 11,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,999 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 19,893 15,327
Other creditors 405 1,050
20,298 16,377

7. RELATED PARTY DISCLOSURES

Mr S R Murray is a director and holds 100% of the ordinary A shares and all voting rights. Miss N Wemyss holds 100% of the ordinary B shares.

Included in Other Creditors is a balance of £155 (2022 - £800) in respect of the directors loan account. During the year the directors advanced £419 to the company (2022 - £863) and the company repaid £1,064 (2022 - £818). No interest is payable on sums due by the company.

Dividends of £57,000 (2022 - £72,000) were paid to the directors during the year.

SEPFLO Ltd

Report of the Accountant to the Directors of
SEPFLO Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


19 February 2024