1 August 2022 false No description of principal activity Taxfiler 2024.1 05007144business:PrivateLimitedCompanyLtd2022-08-012023-07-31 050071442022-07-31 050071442022-08-012023-07-31 05007144business:AuditExemptWithAccountantsReport2022-08-012023-07-31 05007144business:FilletedAccounts2022-08-012023-07-31 050071442023-07-31 05007144business:Director12022-08-012023-07-31 05007144business:RegisteredOffice2022-08-012023-07-31 050071442022-07-31 05007144core:WithinOneYear2023-07-31 05007144core:WithinOneYear2022-07-31 05007144core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 05007144core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 05007144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 05007144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 05007144core:PreviouslyStatedAmount2023-07-31 05007144core:PreviouslyStatedAmount2022-07-31 05007144business:SmallEntities2022-08-012023-07-31 05007144countries:EnglandWales2022-08-012023-07-31 05007144core:PlantMachinery2022-08-012023-07-31 05007144core:MotorVehicles2022-08-012023-07-31 05007144core:FurnitureFittings2022-08-012023-07-31 05007144core:ComputerEquipment2022-08-012023-07-31 05007144core:PlantMachinery2022-07-31 05007144core:MotorVehicles2022-07-31 05007144core:FurnitureFittings2022-07-31 05007144core:ComputerEquipment2022-07-31 05007144core:PlantMachinery2023-07-31 05007144core:MotorVehicles2023-07-31 05007144core:FurnitureFittings2023-07-31 05007144core:ComputerEquipment2023-07-31 050071442021-08-012022-07-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Seriously Cool Limited Company Information for the year ended 31 July 2023
Director
C Fraser
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
- 3 -
Seriously Cool Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,552 
21,766 
Current assets
Debtors
177,331 
188,830 
Cash at bank and in hand
576,830 
584,028 
754,161 
772,858 
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 
Capital and reserves
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
- 4 -
Seriously Cool Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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.
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.
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
- 5 -
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
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 
177,331 
188,830 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,253 
38,339 
VAT
17,580 
46,730 
Trade creditors
70,529 
24,193 
Taxes and social security
38,116 
119,480 
Other creditors
12,973 
- 
Loans from directors
10,044 
16,442 
Accruals
3,825 
1,600 
Deferred income
105,409 
68,143 
286,729 
314,927 
7
Average number of employees
During the year the average number of employees was 2 (2022: 1).
- 6 -