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REGISTERED NUMBER: 12175804 (England and Wales)











































Rachael Seymour Ltd

Unaudited Financial Statements

for the Year Ended 31st August 2024






Rachael Seymour Ltd (Registered number: 12175804)






Contents of the Financial Statements
for the year ended 31st August 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Rachael Seymour Ltd

Company Information
for the year ended 31st August 2024







Director: Miss R Seymour





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: The Harbourmasters Office
46 Goodhart Place
Limehouse
London
E14 8EG





Registered number: 12175804 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Rachael Seymour Ltd (Registered number: 12175804)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1,844 2,074
Tangible assets 5 1,649 5,747
3,493 7,821

Current assets
Debtors 6 - 17,685
Cash at bank 6,953 26,382
6,953 44,067
Creditors
Amounts falling due within one year 7 9,543 8,258
Net current (liabilities)/assets (2,590 ) 35,809
Total assets less current liabilities 903 43,630

Creditors
Amounts falling due after more than one
year

8

-

(3,538

)

Provisions for liabilities (664 ) (1,486 )
Net assets 239 38,606

Capital and reserves
Called up share capital 100 100
Retained earnings 139 38,506
239 38,606

Rachael Seymour Ltd (Registered number: 12175804)

Balance Sheet - continued
31st August 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th November 2024 and were signed by:





Miss R Seymour - Director


Rachael Seymour Ltd (Registered number: 12175804)

Notes to the Financial Statements
for the year ended 31st August 2024

1. Statutory information

Rachael Seymour 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Rachael Seymour Ltd (Registered number: 12175804)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

2. Accounting policies - continued

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Intangible fixed assets
Computer
software
£   
Cost
At 1st September 2023
and 31st August 2024 2,304
Amortisation
At 1st September 2023 230
Amortisation for year 230
At 31st August 2024 460
Net book value
At 31st August 2024 1,844
At 31st August 2023 2,074

Rachael Seymour Ltd (Registered number: 12175804)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st September 2023 10,102
Disposals (5,786 )
At 31st August 2024 4,316
Depreciation
At 1st September 2023 4,355
Charge for year 412
Eliminated on disposal (2,100 )
At 31st August 2024 2,667
Net book value
At 31st August 2024 1,649
At 31st August 2023 5,747

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 10,150
Other debtors - 7,535
- 17,685

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 1,962
Taxation and social security 1,478 5,030
Other creditors 8,065 1,266
9,543 8,258

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 3,538

Rachael Seymour Ltd (Registered number: 12175804)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
Miss R Seymour
Balance outstanding at start of year 7,535 19,103
Amounts advanced 36,547 22,932
Amounts repaid (44,082 ) (34,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,535