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Company Registration No. 12791080 (England and Wales)
Sevencon Search Ltd Unaudited accounts for the year ended 31 August 2024
Sevencon Search Ltd Unaudited accounts Contents
Page
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Sevencon Search Ltd Company Information for the year ended 31 August 2024
Director
O Crowle
Company Number
12791080 (England and Wales)
Registered Office
49 Beach Road Carlyon Bay St. Austell PL25 3PQ England
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Sevencon Search Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,014 
1,210 
Current assets
Debtors
- 
14,280 
Cash at bank and in hand
22,093 
25,411 
22,093 
39,691 
Creditors: amounts falling due within one year
(11,683)
(18,476)
Net current assets
10,410 
21,215 
Net assets
11,424 
22,425 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
11,423 
22,424 
Shareholders' funds
11,424 
22,425 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 January 2025 and were signed on its behalf by
O Crowle Director Company Registration No. 12791080
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Sevencon Search Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Sevencon Search Ltd is a private company, limited by shares, registered in England and Wales, registration number 12791080. The registered office is 49 Beach Road, Carlyon Bay, St. Austell, PL25 3PQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on costs
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Sevencon Search Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
3,182 
Additions
799 
At 31 August 2024
3,981 
Depreciation
At 1 September 2023
1,972 
Charge for the year
995 
At 31 August 2024
2,967 
Net book value
At 31 August 2024
1,014 
At 31 August 2023
1,210 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
14,280 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
157 
2,154 
Trade creditors
1,498 
658 
Taxes and social security
9,329 
14,515 
Loans from directors
149 
60 
Accruals
550 
1,089 
11,683 
18,476 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
Included in other creditors is the sum of £149 (2023: £60) owed to Mr O Crowle, a sole director and 100% shareholder of the company. During the period interim dividends of £46,500 (2023: £66,770) were distributed to the director.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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