2023-04-012024-03-312024-03-31false08499041SEVIN & COMPANY 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SEVIN & COMPANY LIMITED

Registered Number
08499041
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SEVIN & COMPANY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Isil Sevin

Registered Address

293 Green Lanes
Palmers Green
N13 4XS

Registered Number

08499041 (England and Wales)
SEVIN & COMPANY LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,3621,816
1,3621,816
Current assets
Debtors-8,680
Cash at bank and on hand20,35123,634
20,35132,314
Creditors amounts falling due within one year4(8,858)(6,802)
Net current assets (liabilities)11,49325,512
Total assets less current liabilities12,85527,328
Creditors amounts falling due after one year5-(1,826)
Net assets12,85525,502
Capital and reserves
Called up share capital100100
Profit and loss account12,75525,402
Shareholders' funds12,85525,502
The financial statements were approved and authorised for issue by the Director on 5 July 2024, and are signed on its behalf by:
Isil Sevin
Director
Registered Company No. 08499041
SEVIN & COMPANY LIMITED
Notes to the Financial Statements
for the year ended 31 March 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 234,6761,2001,9807,856
At 31 March 244,6761,2001,9807,856
Depreciation and impairment
At 01 April 234,2589158676,040
Charge for year10471279454
At 31 March 244,3629861,1466,494
Net book value
At 31 March 243142148341,362
At 31 March 234182851,1131,816
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,725594
Taxation and social security7,1336,208
Total8,8586,802
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-1,826
Total-1,826