Registered number
06956766
SEVERN BUSINESS COLLEGE LIMITED
Unaudited Filleted Accounts
31 July 2023
TEMPLETONS (UK) LTD
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
SEVERN BUSINESS COLLEGE LIMITED
Registered number: 06956766
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 221 294
Current assets
Debtors 5 6,345 3,345
Cash at bank and in hand 180,640 36,151
186,985 39,496
Creditors: amounts falling due within one year 6 (67,094) (36,016)
Net current assets 119,891 3,480
Total assets less current liabilities 120,112 3,774
Creditors: amounts falling due after more than one year 7 (8,730) (11,616)
Net assets/(liabilities) 111,382 (7,842)
Capital and reserves
Called up share capital 100 100
Profit and loss account 111,282 (7,942)
Shareholder's funds 111,382 (7,842)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H S Hanspal
Director
Approved by the board on 17 April 2024
SEVERN BUSINESS COLLEGE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts . Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Going concern
Notwithstanding the net assets deficiency, the financial statement have been prepared on a
going concern basis as in the opinion of the director, the company has sufficient financial
support from its creditors and shareholder to pay its debts as they fall due.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 12,080
At 31 July 2023 12,080
Depreciation
At 1 August 2022 11,786
Charge for the year 73
At 31 July 2023 11,859
Net book value
At 31 July 2023 221
At 31 July 2022 294
5 Debtors 2023 2022
£ £
Other debtors 6,345 3,345
6 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 28,901 -
Other taxes and social security costs - 25
Other creditors 38,193 35,991
67,094 36,016
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,730 11,616
8 Controlling party
The company was under the control of Mr H S Hanspal, director of the company.
9 Other information
SEVERN BUSINESS COLLEGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
SEVERN BUSINESS COLLEGE LIMITED 06956766 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 H S Hanspal No description of principal activity 06956766 2021-08-01 2022-07-31 06956766 core:WithinOneYear 2022-07-31 06956766 core:AfterOneYear 2022-07-31 06956766 core:ShareCapital 2022-07-31 06956766 core:RetainedEarningsAccumulatedLosses 2022-07-31 06956766 2022-08-01 2023-07-31 06956766 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06956766 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 06956766 bus:Director40 2022-08-01 2023-07-31 06956766 1 2022-08-01 2023-07-31 06956766 2 2022-08-01 2023-07-31 06956766 core:PlantMachinery 2022-08-01 2023-07-31 06956766 countries:England 2022-08-01 2023-07-31 06956766 bus:FRS102 2022-08-01 2023-07-31 06956766 bus:FullAccounts 2022-08-01 2023-07-31 06956766 2023-07-31 06956766 core:WithinOneYear 2023-07-31 06956766 core:AfterOneYear 2023-07-31 06956766 core:ShareCapital 2023-07-31 06956766 core:RetainedEarningsAccumulatedLosses 2023-07-31 06956766 core:PlantMachinery 2023-07-31 06956766 2022-07-31 06956766 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure