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REGISTERED NUMBER: 10659759 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

SEEN&READ LTD

SEEN&READ LTD (REGISTERED NUMBER: 10659759)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEEN&READ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: S Mclean
D Richards
T Welsh





REGISTERED OFFICE: 3rd Floor 15 Little Portland Street
London
W1W 8BW





REGISTERED NUMBER: 10659759 (England and Wales)





ACCOUNTANTS: Factotum Group LLP
85 Great Portland Street
London
W1W 7LT

SEEN&READ LTD (REGISTERED NUMBER: 10659759)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,668 2,344

CURRENT ASSETS
Debtors 5 179,073 121,944
Cash at bank 1,791 19,054
180,864 140,998
CREDITORS
Amounts falling due within one year 6 157,269 122,209
NET CURRENT ASSETS 23,595 18,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,263

21,133

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,163 21,033
25,263 21,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SEEN&READ LTD (REGISTERED NUMBER: 10659759)

BALANCE SHEET - continued
31ST DECEMBER 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2024 and were signed on its behalf by:





T Welsh - Director


SEEN&READ LTD (REGISTERED NUMBER: 10659759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Seen&Read Ltd 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. ACCOUNTING POLICIES

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

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 useful life.
Computer equipment - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

SEEN&READ LTD (REGISTERED NUMBER: 10659759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1st January 2023
and 31st December 2023 2,702
Depreciation
At 1st January 2023 358
Charge for year 676
At 31st December 2023 1,034
Net book value
At 31st December 2023 1,668
At 31st December 2022 2,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 178,771 121,844
Other debtors 302 100
179,073 121,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 82,858 35,952
Taxation and social security 47,340 49,856
Other creditors 27,071 36,401
157,269 122,209

7. RELATED PARTY DISCLOSURES

Everything Connected Enterprises Limited owns 50% of Seen & Read Limited.
Included in trade debtors at the end of the financial period was £147,285.43 owing from this company (31/12/22 - £133,275.53).
Included in trade creditors at the end of the financial period was £73,071.52 owing to this company (31/12/22 - £62,570.50).
During the period under review the company Seen & Read sold services to this company in the sum of £153,535.80 (31/12/22 - £99,974.03) and purchased services from this company in the sum of £79,493.43 (31/12/22 - £55,492.56).