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REGISTERED NUMBER: 08873151 (England and Wales)















SEF VAT & INDIRECT TAX CONSULTANTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024






SEF VAT & INDIRECT TAX CONSULTANTS LTD (REGISTERED NUMBER: 08873151)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEF VAT & INDIRECT TAX CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mrs J Fennell





SECRETARY: None Appointed





REGISTERED OFFICE: Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
West Yorkshire
HD9 6QZ





REGISTERED NUMBER: 08873151 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

SEF VAT & INDIRECT TAX CONSULTANTS LTD (REGISTERED NUMBER: 08873151)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,474 7

CURRENT ASSETS
Debtors 5 12,964 270
Cash at bank 17,415 38,993
30,379 39,263
CREDITORS
Amounts falling due within one year 6 16,658 20,138
NET CURRENT ASSETS 13,721 19,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,195

19,132

CREDITORS
Amounts falling due after more than one year 7 16,328 18,927
NET ASSETS 867 205

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 747 85
SHAREHOLDERS' FUNDS 867 205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

SEF VAT & INDIRECT TAX CONSULTANTS LTD (REGISTERED NUMBER: 08873151)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





S E Fennell - Director


SEF VAT & INDIRECT TAX CONSULTANTS LTD (REGISTERED NUMBER: 08873151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

SEF VAT & Indirect Tax Consultants 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.
Plant and machinery etc - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SEF VAT & INDIRECT TAX CONSULTANTS LTD (REGISTERED NUMBER: 08873151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 2,748
Additions 5,200
At 29 February 2024 7,948
DEPRECIATION
At 1 March 2023 2,741
Charge for year 1,733
At 29 February 2024 4,474
NET BOOK VALUE
At 29 February 2024 3,474
At 28 February 2023 7

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270 270
Other debtors 12,694 -
12,964 270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,860 9,487
Taxation and social security 6,105 8,940
Other creditors 1,693 1,711
16,658 20,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,328 18,927