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REGISTERED NUMBER: 07001351 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Seraphus Limited

Seraphus Limited (Registered number: 07001351)






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

Chartered Accountants' Report 6

Seraphus Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: C Desira





REGISTERED OFFICE: Work.Life
13 Hawley Crescent
London
NW1 8NP





REGISTERED NUMBER: 07001351 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Seraphus Limited (Registered number: 07001351)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 21,500 -
Tangible assets 5 9,132 11,017
30,632 11,017

CURRENT ASSETS
Debtors 6 662,817 916,389
Cash at bank and in hand 625,489 576,313
1,288,306 1,492,702
CREDITORS
Amounts falling due within one year 7 (344,959 ) (650,716 )
NET CURRENT ASSETS 943,347 841,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,979

853,003

PROVISIONS FOR LIABILITIES (1,735 ) -
NET ASSETS 972,244 853,003

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 972,044 852,803
SHAREHOLDERS' FUNDS 972,244 853,003

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 10 September 2024 and were signed by:





C Desira - Director


Seraphus Limited (Registered number: 07001351)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Seraphus 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.

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.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

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 systematic basis over its expected useful life as follows:

Fixtures and fittings- 15% on reducing balance
Computer equipment- 33% 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.

Seraphus Limited (Registered number: 07001351)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Distribution to equity shareholders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's directors. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and overdrafts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
Additions 22,500
At 31 December 2023 22,500
AMORTISATION
Charge for year 1,000
At 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 21,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 37,889
Additions 8,008
At 31 December 2023 45,897
DEPRECIATION
At 1 January 2023 26,872
Charge for year 9,893
At 31 December 2023 36,765
NET BOOK VALUE
At 31 December 2023 9,132
At 31 December 2022 11,017

Seraphus Limited (Registered number: 07001351)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 33,389 10,002
Other debtors 629,428 906,387
662,817 916,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 135,811 198,075
Other creditors 209,148 452,641
344,959 650,716

8. RELATED PARTY DISCLOSURES

There is a related party loan that is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is C Desira.

The ultimate controlling party is C Desira by virtue of his 100% shareholding.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Seraphus Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seraphus Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Seraphus Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seraphus Limited and state those matters that we have agreed to state to the director of Seraphus Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seraphus Limited and its director for our work or for this report.

It is your duty to ensure that Seraphus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seraphus Limited. You consider that Seraphus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seraphus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


10 September 2024