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SEER TRADING SYSTEMS LTD

Unaudited Financial Statements

for the Year Ended 25th January 2024






SEER TRADING SYSTEMS LTD (REGISTERED NUMBER: 05561446)






Contents of the Financial Statements
for the year ended 25th January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEER TRADING SYSTEMS LTD

Company Information
for the year ended 25th January 2024







DIRECTOR: J White





SECRETARY: Miss K Denyer





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 05561446 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

SEER TRADING SYSTEMS LTD (REGISTERED NUMBER: 05561446)

Balance Sheet
25th January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 235

CURRENT ASSETS
Debtors 5 19,012 -
Cash at bank 274 135
19,286 135
CREDITORS
Amounts falling due within one year 6 15,451 18,505
NET CURRENT ASSETS/(LIABILITIES) 3,835 (18,370 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,835 (18,135 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,835 (19,135 )
SHAREHOLDERS' FUNDS 3,835 (18,135 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th January 2024 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 22nd October 2024 and were signed by:





J White - Director


SEER TRADING SYSTEMS LTD (REGISTERED NUMBER: 05561446)

Notes to the Financial Statements
for the year ended 25th January 2024

1. STATUTORY INFORMATION

Seer Trading Systems 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 - 20% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Debtors, creditors and directors loan (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SEER TRADING SYSTEMS LTD (REGISTERED NUMBER: 05561446)

Notes to the Financial Statements - continued
for the year ended 25th January 2024

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis which assumes the support of the companies director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 26th January 2023
and 25th January 2024 451 10,903 11,354
DEPRECIATION
At 26th January 2023 451 10,668 11,119
Charge for year - 235 235
At 25th January 2024 451 10,903 11,354
NET BOOK VALUE
At 25th January 2024 - - -
At 25th January 2023 - 235 235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 19,012 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 13,043 -
Other creditors 2,408 2,439
Director's current account - 16,066
15,451 18,505

7. RELATED PARTY DISCLOSURES

Creditors includes £0 (2023 - £16,066) owed to the director, Mr J White.