Silverfin false false 31/07/2024 16/03/2023 31/07/2024 C B Fereday 16/03/2023 15 November 2024 The principal activity of the company during the financial year was that of private security activities. 14733627 2024-07-31 14733627 bus:Director1 2024-07-31 14733627 core:CurrentFinancialInstruments 2024-07-31 14733627 core:ShareCapital 2024-07-31 14733627 bus:OrdinaryShareClass1 2024-07-31 14733627 2023-03-16 2024-07-31 14733627 bus:FilletedAccounts 2023-03-16 2024-07-31 14733627 bus:SmallEntities 2023-03-16 2024-07-31 14733627 bus:AuditExemptWithAccountantsReport 2023-03-16 2024-07-31 14733627 bus:PrivateLimitedCompanyLtd 2023-03-16 2024-07-31 14733627 bus:Director1 2023-03-16 2024-07-31 14733627 bus:OrdinaryShareClass1 2023-03-16 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14733627 (England and Wales)

SEPIO LTD

Unaudited Financial Statements
For the financial period from 16 March 2023 to 31 July 2024
Pages for filing with the registrar

SEPIO LTD

Unaudited Financial Statements

For the financial period from 16 March 2023 to 31 July 2024

Contents

SEPIO LTD

BALANCE SHEET

As at 31 July 2024
SEPIO LTD

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024
£
Current assets
Debtors 3 6,408
Cash at bank and in hand 4 16,290
22,698
Creditors: amounts falling due within one year 5 ( 22,598)
Net current assets 100
Total assets less current liabilities 100
Net assets 100
Capital and reserves
Called-up share capital 6 100
Total shareholder's funds 100

For the financial period ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Sepio Ltd (registered number: 14733627) were approved and authorised for issue by the Director on 15 November 2024. They were signed on its behalf by:

C B Fereday
Director
SEPIO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 March 2023 to 31 July 2024
SEPIO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 March 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Sepio Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pkf Francisclark, Towngate House 2-8, Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
16.03.2023 to
31.07.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Debtors

31.07.2024
£
Other debtors 6,408

4. Cash and cash equivalents

31.07.2024
£
Cash at bank and in hand 16,290

5. Creditors: amounts falling due within one year

31.07.2024
£
Accruals 1,300
Taxation and social security 21,298
22,598

6. Called-up share capital

31.07.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

7. Related party transactions

Transactions with owners holding a participating interest in the entity

31.07.2024
£
C Fereday 6,408

No interest charged as the balance is below the threshold of £10,000.