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REGISTERED NUMBER: 04662536 (England and Wales)















Sevco 3542 Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Sevco 3542 Limited (Registered number: 04662536)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Sevco 3542 Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R D Channon



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 04662536 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
Market Place
Ross-on-Wye
Herefordshire
HR9 5BX

Sevco 3542 Limited (Registered number: 04662536)

Abridged Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 66,169 66,437

CURRENT ASSETS
Debtors 14,257 14,452
Cash at bank 2,364 10,028
16,621 24,480
CREDITORS
Amounts falling due within one year 32,279 43,176
NET CURRENT LIABILITIES (15,658 ) (18,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,511

47,741

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,411 47,641
SHAREHOLDERS' FUNDS 50,511 47,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2024 and were signed by:



R D Channon - Director


Sevco 3542 Limited (Registered number: 04662536)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Sevco 3542 Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

Turnover
Turnover 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 life.

Computer equipment- 33% straight line
Plant & machinery- 20% reducing balance

Investment properties are included at their open market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Sevco 3542 Limited (Registered number: 04662536)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 70,993
DEPRECIATION
At 1 December 2022 4,556
Charge for year 268
At 30 November 2023 4,824
NET BOOK VALUE
At 30 November 2023 66,169
At 30 November 2022 66,437

The property is stated at the directors valuation, which he believes equates to open market value.

6. RELATED PARTY DISCLOSURES

At the year end the company owed £24,696 (2022: £27,696) to Garland Chesterton Properties Limited and it was owed £14,257 (2022: £14,257) by Purland Property Limited. Both companies are controlled by the director.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R D Channon.