Company Registration No. 05007144 (England and Wales)
Seriously Cool Limited
Unaudited accounts
for the year ended 31 July 2023
Seriously Cool Limited
Unaudited accounts
Contents
Seriously Cool Limited
Company Information
for the year ended 31 July 2023
Company Number
05007144 (England and Wales)
Registered Office
8 Chapel Lane
Upavon
Pewsey
SN9 6DY
United Kingdom
Accountants
Melanie Harrison Bookkeeping and Accountancy Services
6 Shakespeare Drive
Marlborough
Wiltshire
SN8 1UF
Seriously Cool Limited
Statement of financial position
as at 31 July 2023
Tangible assets
65,552
21,766
Cash at bank and in hand
576,830
584,028
Creditors: amounts falling due within one year
(286,729)
(314,927)
Net current assets
467,432
457,931
Total assets less current liabilities
532,984
479,697
Provisions for liabilities
Deferred tax
(8,180)
(4,136)
Net assets
524,804
475,561
Called up share capital
3
3
Profit and loss account
524,801
475,558
Shareholders' funds
524,804
475,561
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 her 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 23 April 2024 and were signed on its behalf by
C Fraser
Director
Company Registration No. 05007144
Seriously Cool Limited
Notes to the Accounts
for the year ended 31 July 2023
Seriously Cool Limited is a private company, limited by shares, registered in England and Wales, registration number 05007144. The registered office is 8 Chapel Lane, Upavon, Pewsey, SN9 6DY, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Seriously Cool Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
64,432
10,250
2,876
4,014
81,572
Additions
31,334
34,750
-
-
66,084
At 31 July 2023
95,766
45,000
2,876
4,014
147,656
At 1 August 2022
48,701
7,006
2,761
1,338
59,806
Charge for the year
11,767
9,498
29
1,004
22,298
At 31 July 2023
60,468
16,504
2,790
2,342
82,104
At 31 July 2023
35,298
28,496
86
1,672
65,552
At 31 July 2022
15,731
3,244
115
2,676
21,766
Amounts falling due within one year
Trade debtors
135,647
161,343
Accrued income and prepayments
31,684
17,487
Other debtors
10,000
10,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,253
38,339
Trade creditors
70,529
24,193
Taxes and social security
38,116
119,480
Loans from directors
10,044
16,442
Deferred income
105,409
68,143
7
Average number of employees
During the year the average number of employees was 2 (2022: 1).