Registered number
05568235
Sequence Software Limited
Filleted Accounts
31 August 2023
Sequence Software Limited
Registered number: 05568235
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 1 1
Cash at bank and in hand 6,960 9,440
6,961 9,441
Creditors: amounts falling due within one year 5 (6,412) (5,703)
Net current assets 549 3,738
Net assets 549 3,738
Capital and reserves
Called up share capital 1 1
Profit and loss account 548 3,737
Shareholders' funds 549 3,738
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and directors' report have not been delivered to the Registrar of Companies.
I Moore
Director
Approved by the board on 16 April 2024
Sequence Software Limited
Notes to the Accounts
for the year ended 31 August 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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from consultancy services and 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
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:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and tax assets and liabilities are not discounted. Deferred tax is not recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is considered not material to the true and fair view of the financial statements.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 4,084
Additions (1,525)
At 31 August 2023 2,559
Depreciation
At 1 September 2022 4,084
Charge for the year (1,525)
At 31 August 2023 2,559
Net book value
At 31 August 2023 -
4 Debtors 2023 2022
£ £
Other debtors 1 1
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 4,588 4,311
Other creditors 1,824 1,392
6,412 5,703
6 Other information
Sequence Software Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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