Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Michael John Cheney 09/03/2000 30 August 2024 The principal activity of the Company during the financial year was that of of internet consultancy, internet marketing and the provision of training services. SC204797 2024-03-31 SC204797 bus:Director1 2024-03-31 SC204797 2023-03-31 SC204797 core:CurrentFinancialInstruments 2024-03-31 SC204797 core:CurrentFinancialInstruments 2023-03-31 SC204797 core:ShareCapital 2024-03-31 SC204797 core:ShareCapital 2023-03-31 SC204797 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC204797 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC204797 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-03-31 SC204797 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-03-31 SC204797 core:ComputerEquipment 2023-03-31 SC204797 core:ComputerEquipment 2024-03-31 SC204797 bus:OrdinaryShareClass1 2024-03-31 SC204797 2023-04-01 2024-03-31 SC204797 bus:FilletedAccounts 2023-04-01 2024-03-31 SC204797 bus:SmallEntities 2023-04-01 2024-03-31 SC204797 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC204797 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC204797 bus:Director1 2023-04-01 2024-03-31 SC204797 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-04-01 2024-03-31 SC204797 core:ComputerEquipment core:TopRangeValue 2023-04-01 2024-03-31 SC204797 2022-04-01 2023-03-31 SC204797 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 SC204797 core:ComputerEquipment 2023-04-01 2024-03-31 SC204797 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC204797 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC204797 (Scotland)

SENIORITY.CO.UK LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

SENIORITY.CO.UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

SENIORITY.CO.UK LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024
SENIORITY.CO.UK LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,749 3,149
Tangible assets 4 2,517 2,300
4,266 5,449
Current assets
Debtors 5 19,916 49,183
Cash at bank and in hand 157,981 172,397
177,897 221,580
Creditors: amounts falling due within one year 6 ( 51,366) ( 50,769)
Net current assets 126,531 170,811
Total assets less current liabilities 130,797 176,260
Provision for liabilities 7 ( 629) ( 575)
Net assets 130,168 175,685
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 130,068 175,585
Total shareholder's funds 130,168 175,685

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Seniority.co.uk Limited (registered number: SC204797) were approved and authorised for issue by the Director on 30 August 2024. They were signed on its behalf by:

Michael John Cheney
Director
SENIORITY.CO.UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
SENIORITY.CO.UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Seniority.co.uk Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Bishops Court, 29 Albyn Place, Aberdeen, AB10 1YL, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand with original maturities of three months or less.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Website costs Total
£ £
Cost
At 01 April 2023 10,237 10,237
At 31 March 2024 10,237 10,237
Accumulated amortisation
At 01 April 2023 7,088 7,088
Charge for the financial year 1,400 1,400
At 31 March 2024 8,488 8,488
Net book value
At 31 March 2024 1,749 1,749
At 31 March 2023 3,149 3,149

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2023 7,316 7,316
Additions 1,622 1,622
At 31 March 2024 8,938 8,938
Accumulated depreciation
At 01 April 2023 5,016 5,016
Charge for the financial year 1,405 1,405
At 31 March 2024 6,421 6,421
Net book value
At 31 March 2024 2,517 2,517
At 31 March 2023 2,300 2,300

5. Debtors

2024 2023
£ £
Other debtors 19,916 49,183

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,187 3,407
Corporation tax 33,411 35,601
Other taxation and social security 2,275 1,869
Other creditors 10,493 9,892
51,366 50,769

7. Provision for liabilities

2024 2023
£ £
Deferred tax 629 575

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts owed to director 7,067 6,755

The above loan is interest free and has no fixed terms of repayment in place.