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Company Registration No. 09691789 (England and Wales)
SERIES B LIMITED Unaudited accounts for the year ended 31 July 2023
SERIES B LIMITED Unaudited accounts Contents
Page
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SERIES B LIMITED Company Information for the year ended 31 July 2023
Director
Mr William Pedley
Company Number
09691789 (England and Wales)
Registered Office
1 EVEREST ROAD CHELTENHAM GL53 9LA ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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SERIES B LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,712 
11,927 
Investments
14,527 
8,453 
26,239 
20,380 
Current assets
Debtors
20,060 
14,911 
Cash at bank and in hand
30,988 
84,757 
51,048 
99,668 
Creditors: amounts falling due within one year
(30,541)
(45,253)
Net current assets
20,507 
54,415 
Total assets less current liabilities
46,746 
74,795 
Provisions for liabilities
Deferred tax
(2,216)
(1,613)
Net assets
44,530 
73,182 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
44,529 
73,181 
Shareholders' funds
44,530 
73,182 
For the year ending 31 July 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 5 March 2024 and were signed on its behalf by
Mr William Pedley Director Company Registration No. 09691789
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SERIES B LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SERIES B LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09691789. The registered office is 1 EVEREST ROAD, CHELTENHAM, GL53 9LA, ENGLAND.
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.
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:
Computer equipment
20% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SERIES B LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
17,791 
Additions
2,511 
At 31 July 2023
20,302 
Depreciation
At 1 August 2022
5,864 
Charge for the year
2,726 
At 31 July 2023
8,590 
Net book value
At 31 July 2023
11,712 
At 31 July 2022
11,927 
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
8,453 
Additions
5,000 
Fair value adjustments
1,074 
Valuation at 31 July 2023
14,527 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,429 
12,772 
Accrued income and prepayments
1,631 
1,011 
Other debtors
- 
1,128 
20,060 
14,911 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,121 
10,742 
Trade creditors
27 
280 
Taxes and social security
18,992 
33,296 
Loans from directors
1,401 
935 
30,541 
45,253 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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SERIES B LIMITED Notes to the Accounts for the year ended 31 July 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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