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REGISTERED NUMBER: 06718439 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Settys Ltd

Settys Ltd (Registered number: 06718439)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Settys Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs Akhtar Bibi
Mr Mohammed Maqbool Hussain





REGISTERED OFFICE: 143 EastField Road
Peterborough
Cambridgeshire
PE1 4AU





REGISTERED NUMBER: 06718439 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Settys Ltd (Registered number: 06718439)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,923 3,160

CURRENT ASSETS
Inventories 5 26,380 28,575
Debtors 6 48,555 43,654
Cash at bank and in hand 67,478 107,298
142,413 179,527
CREDITORS
Amounts falling due within one year 7 21,045 39,740
NET CURRENT ASSETS 121,368 139,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,291

142,947

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 124,191 142,847
SHAREHOLDERS' FUNDS 124,291 142,947

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

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

Settys Ltd (Registered number: 06718439)

Statement of Financial Position - continued
31 October 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 17 April 2024 and were signed on its behalf by:





Mr Mohammed Maqbool Hussain - Director


Settys Ltd (Registered number: 06718439)

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

1. STATUTORY INFORMATION

Settys Ltd is a private company, limited by shares , registered in England and Wales. 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
Revenue 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Settys Ltd (Registered number: 06718439)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 1,259 14,525 2,883 18,667
Additions - - 402 402
At 31 October 2023 1,259 14,525 3,285 19,069
DEPRECIATION
At 1 November 2022 693 13,111 1,703 15,507
Charge for year 113 283 243 639
At 31 October 2023 806 13,394 1,946 16,146
NET BOOK VALUE
At 31 October 2023 453 1,131 1,339 2,923
At 31 October 2022 566 1,414 1,180 3,160

5. INVENTORIES
31.10.23 31.10.22
£    £   
Stocks 26,380 28,575

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade Debtors 8,555 3,134
Other debtors 40,000 40,000
Prepayments - 520
48,555 43,654

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 84 -
Trade Creditors 190 1,431
Corporation Tax 6,999 13,576
Social security and other taxes (245 ) (178 )
Value Added Tax 392 989
E Pay Ltd 263 283
Directors' current account 13,362 23,639
21,045 39,740

Settys Ltd (Registered number: 06718439)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2022 142,847
Profit for the year 31,344
Dividends (50,000 )
At 31 October 2023 124,191

Settys Ltd

Report of the Accountants to the Directors of
Settys 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 Statement of Financial Position. 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 Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we 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 us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................