Registered number
03494037
Sekyee Computer Limited
Filleted Accounts
31 December 2023
Sekyee Computer Limited
Registered number: 03494037
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,577 3,866
Current assets
Stocks 7,270 8,610
Debtors 4 83,081 90,166
Cash at bank and in hand 6,153 9,025
96,504 107,801
Creditors: amounts falling due within one year 5 (55,351) (61,838)
Net current assets 41,153 45,963
Total assets less current liabilities 43,730 49,829
Creditors: amounts falling due after more than one year 6 (24,946) (34,836)
Net assets 18,784 14,993
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,684 14,893
Shareholder's funds 18,784 14,993
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D K Kim
Director
Approved by the board on 16 September 2024
Sekyee Computer Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5,155
At 31 December 2023 5,155
Depreciation
At 1 January 2023 1,289
Charge for the year 1,289
At 31 December 2023 2,578
Net book value
At 31 December 2023 2,577
At 31 December 2022 3,866
4 Debtors 2023 2022
£ £
Trade debtors 24,181 23,822
Other debtors 58,900 66,344
83,081 90,166
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,619 23,375
Taxation and social security costs 13,243 12,806
Other creditors 38,489 25,657
55,351 61,838
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,946 34,836
7 Other information
Sekyee Computer Limited is a private company limited by shares and incorporated in England. Its registered office is:
173 Junction Road
London
N19 5PZ
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