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REGISTERED NUMBER: 07472618 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SEVERIN ENGINEERING SOLUTIONS LTD

SEVERIN ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07472618)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEVERIN ENGINEERING SOLUTIONS LTD

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: Mr A S Johnson





REGISTERED OFFICE: 10 Basildon Court
Great Holm
Milton Keynes
Buckinghamshire
MK8 9DA





REGISTERED NUMBER: 07472618 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

SEVERIN ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07472618)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 499 533

CURRENT ASSETS
Stocks 6,345 6,000
Debtors 5 98 163
Cash at bank 14,495 12,981
20,938 19,144
CREDITORS
Amounts falling due within one year 6 13,415 13,023
NET CURRENT ASSETS 7,523 6,121
TOTAL ASSETS LESS CURRENT LIABILITIES 8,022 6,654

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8,021 6,653
SHAREHOLDERS' FUNDS 8,022 6,654

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:



Mr A S Johnson - Director


SEVERIN ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07472618)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Severin Engineering Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

SEVERIN ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 07472618)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 804 2,880 3,684
Additions - 132 132
At 31 December 2023 804 3,012 3,816
DEPRECIATION
At 1 January 2023 632 2,519 3,151
Charge for year 43 123 166
At 31 December 2023 675 2,642 3,317
NET BOOK VALUE
At 31 December 2023 129 370 499
At 31 December 2022 172 361 533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 98 163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 102 98
Taxation and social security 9,361 9,065
Other creditors 3,952 3,860
13,415 13,023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A S Johnson.