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REGISTERED NUMBER: 04132225 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Seem Internet Solutions Limited

Seem Internet Solutions Limited (Registered number: 04132225)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seem Internet Solutions Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: I Ralph





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 04132225 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Seem Internet Solutions Limited (Registered number: 04132225)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 67,500
Tangible assets 5 1,867 2,489
61,867 69,989

CURRENT ASSETS
Debtors 6 45,851 40,567
Cash at bank 43,639 56,499
89,490 97,066
CREDITORS
Amounts falling due within one year 7 76,063 78,268
NET CURRENT ASSETS 13,427 18,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,294

88,787

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,194 88,687
SHAREHOLDERS' FUNDS 75,294 88,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Seem Internet Solutions Limited (Registered number: 04132225)

Balance Sheet - continued
30 November 2023


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 25 November 2024 and were signed by:





I Ralph - Director


Seem Internet Solutions Limited (Registered number: 04132225)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Seem Internet Solutions Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is 6 High Street Wheathampstead, Herts AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue comprises the fair value of goods and services supplied by the company, net of Value Added Tax and trade discounts having regard to the fulfilment of contractual obligations.

Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives:

Intellectual Property - 5% straight line.

Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office Furniture and Equipment - 25% Reducing Balance


Seem Internet Solutions Limited (Registered number: 04132225)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Seem Internet Solutions Limited (Registered number: 04132225)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Domain
Names
£   
COST
At 1 December 2022
and 30 November 2023 150,000
AMORTISATION
At 1 December 2022 82,500
Amortisation for year 7,500
At 30 November 2023 90,000
NET BOOK VALUE
At 30 November 2023 60,000
At 30 November 2022 67,500

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 32,010
DEPRECIATION
At 1 December 2022 29,521
Charge for year 622
At 30 November 2023 30,143
NET BOOK VALUE
At 30 November 2023 1,867
At 30 November 2022 2,489

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,311 1,506
Directors' loan accounts 43,693 38,572
Prepayments & accrued income 847 489
45,851 40,567

Seem Internet Solutions Limited (Registered number: 04132225)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 2,811 4,877
Tax 18,715 20,203
Social security and other taxes 361 755
Other creditors 2,046 1,487
Accruals and deferred income 52,130 50,946
76,063 78,268

8. LOANS TO DIRECTORS

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
I Ralph
Balance outstanding at start of year 38,572 19,600
Amounts advanced 32,013 67,722
Amounts repaid (26,892 ) (48,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,693 38,572

The above loan is unsecured and repayable on demand.