2023-03-012024-02-292024-02-29false13544736SEBENZANA APP INTERNATIONAL 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SEBENZANA APP INTERNATIONAL LIMITED

Registered Number
13544736
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SEBENZANA APP INTERNATIONAL LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

BUCHEL, Ian

Registered Address

128 City Road
London
EC1V 2NX

Registered Number

13544736 (England and Wales)
SEBENZANA APP INTERNATIONAL LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments31,162,657728,519
1,162,657728,519
Current assets
Debtors448,520886,304
Cash at bank and on hand23,2761,031,327
71,7961,917,631
Creditors amounts falling due within one year5(454,560)(1,784,597)
Net current assets (liabilities)(382,764)133,034
Total assets less current liabilities779,893861,553
Creditors amounts falling due after one year6-(85,470)
Net assets779,893776,083
Capital and reserves
Called up share capital11
Profit and loss account779,892776,082
Shareholders' funds779,893776,083
The financial statements were approved and authorised for issue by the Director on 3 October 2024, and are signed on its behalf by:
BUCHEL, Ian
Director
Registered Company No. 13544736
SEBENZANA APP INTERNATIONAL LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Fixed asset investments

Total

£
Cost or valuation
At 01 March 23728,519
Additions434,138
At 29 February 241,162,657
Net book value
At 29 February 241,162,657
At 28 February 23728,519
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables48,520886,304
Total48,520886,304
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.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables197,7111,194,714
Taxation and social security68,148182,044
Accrued liabilities and deferred income188,701407,839
Total454,5601,784,597
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.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors-85,470
Total-85,470
Non-current creditors comprises a loan which is to be paid back without interest.