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Svek Computing Limited

Financial Statements for the Year Ended 31 July 2023






Svek Computing Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: K P Jenkins
D Jenkins



REGISTERED OFFICE: 7 Clos Cefn Bryn
Llwynhendy
Llanelli
Carmarthenshire
SA14 9GA



REGISTERED NUMBER: 02123845 (England and Wales)



ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



BANKERS: HSBC plc
Station Road
Llanelli
SA15 1AE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Svek Computing Limited


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Svek Computing Limited for the year ended 31 July 2023 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Svek Computing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Svek Computing Limited and state those matters that we have agreed to state to the Board of Directors of Svek Computing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Svek Computing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Svek Computing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Svek Computing Limited. You consider that Svek Computing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Svek Computing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


11 April 2024

Svek Computing Limited (Registered number: 02123845)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 349 424

CURRENT ASSETS
Debtors 4 8,125 11,582
Cash at bank 17,115 6,441
25,240 18,023
CREDITORS
Amounts falling due within one year 5 19,571 17,957
NET CURRENT ASSETS 5,669 66
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,018

490

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,918 390
SHAREHOLDERS' FUNDS 6,018 490

Svek Computing Limited (Registered number: 02123845)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





K P Jenkins - Director


Svek Computing Limited (Registered number: 02123845)

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


1. 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 - 33% straight line

Motor vehicles are now depreciated using the straight line method, over their estimated useful life of 3 years less residual value because this better reflects wear and tear.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022 2,149
Additions 155
At 31 July 2023 2,304
DEPRECIATION
At 1 August 2022 1,725
Charge for year 230
At 31 July 2023 1,955
NET BOOK VALUE
At 31 July 2023 349
At 31 July 2022 424

Svek Computing Limited (Registered number: 02123845)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors & prepayments 8,125 11,582

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,641
Taxes & social security costs 16,794 13,894
Other creditors & accruals 2,777 2,422
19,571 17,957