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Registered number: 08354387
Sekoya Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08354387
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 536 671
Tangible Assets 5 6,226 6,465
6,762 7,136
CURRENT ASSETS
Debtors 6 41,328 49,284
Cash at bank and in hand 43,957 81,157
85,285 130,441
Creditors: Amounts Falling Due Within One Year 7 (32,731 ) (62,589 )
NET CURRENT ASSETS (LIABILITIES) 52,554 67,852
TOTAL ASSETS LESS CURRENT LIABILITIES 59,316 74,988
Creditors: Amounts Falling Due After More Than One Year 8 (21,181 ) (24,787 )
NET ASSETS 38,135 50,201
CAPITAL AND RESERVES
Called up share capital 9 101 101
Profit and Loss Account 38,034 50,100
SHAREHOLDERS' FUNDS 38,135 50,201
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Donna Negus
Director
6 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sekoya Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08354387 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a patent. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line
Motor Vehicles 20% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
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4. Intangible Assets
Patents & licences
£
Cost
As at 1 February 2023 1,346
As at 31 January 2024 1,346
Amortisation
As at 1 February 2023 675
Provided during the period 135
As at 31 January 2024 810
Net Book Value
As at 31 January 2024 536
As at 1 February 2023 671
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 11,155 11,650 22,805
Additions 2,150 - 2,150
As at 31 January 2024 13,305 11,650 24,955
Depreciation
As at 1 February 2023 7,744 8,596 16,340
Provided during the period 1,778 611 2,389
As at 31 January 2024 9,522 9,207 18,729
Net Book Value
As at 31 January 2024 3,783 2,443 6,226
As at 1 February 2023 3,411 3,054 6,465
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,828 46,784
Other debtors 2,500 2,500
41,328 49,284
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 600 2,269
Bank loans and overdrafts 3,606 3,518
Corporation tax 12,311 27,420
Other taxes and social security 1,590 2,959
VAT 12,577 18,053
Net wages 573 5,177
Accruals and deferred income 1,450 3,068
Director's loan account 24 125
32,731 62,589
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,181 24,787
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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