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REGISTERED NUMBER: 12629474 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Seagrave IT Consulting Ltd

Seagrave IT Consulting Ltd (Registered number: 12629474)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seagrave IT Consulting Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P Seagrave





REGISTERED OFFICE: International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF





REGISTERED NUMBER: 12629474 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Seagrave IT Consulting Ltd (Registered number: 12629474)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,014 1,257

CURRENT ASSETS
Debtors 5 11,500 9,000
Investments 6 20,000 -
Cash at bank 89,440 85,266
120,940 94,266
CREDITORS
Amounts falling due within one year 7 28,214 25,662
NET CURRENT ASSETS 92,726 68,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,740

69,861

PROVISIONS FOR LIABILITIES 297 135
NET ASSETS 94,443 69,726

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,343 69,626
SHAREHOLDERS' FUNDS 94,443 69,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Seagrave IT Consulting Ltd (Registered number: 12629474)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





P Seagrave - Director


Seagrave IT Consulting Ltd (Registered number: 12629474)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Seagrave IT Consulting 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.

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.
Office equipment - at varying rates

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Seagrave IT Consulting Ltd (Registered number: 12629474)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 June 2023 3,092
Additions 2,310
Disposals (1,242 )
At 31 May 2024 4,160
DEPRECIATION
At 1 June 2023 1,835
Charge for year 1,211
Eliminated on disposal (900 )
At 31 May 2024 2,146
NET BOOK VALUE
At 31 May 2024 2,014
At 31 May 2023 1,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 11,500 9,000

6. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Unlisted investments 20,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 18,265 16,575
VAT 5,834 5,614
Other creditors 298 353
Directors' current accounts 3,518 2,846
Accrued expenses 299 274
28,214 25,662