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REGISTERED NUMBER: 05417657 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SEVAD LIMITED

SEVAD LIMITED (REGISTERED NUMBER: 05417657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SEVAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S N Sellman





REGISTERED OFFICE: 5 Westwood Units
Alphinbrook Road
Marsh Barton
Exeter
Devon
EX2 8QF





REGISTERED NUMBER: 05417657 (England and Wales)






SEVAD LIMITED (REGISTERED NUMBER: 05417657)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 730 2,077
730 2,077

CURRENT ASSETS
Stocks 344,844 298,198
Debtors 6 175,972 142,779
Cash at bank and in hand 184,082 284,023
704,898 725,000
CREDITORS
Amounts falling due within one year 7 93,665 43,655
NET CURRENT ASSETS 611,233 681,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,963

683,422

PROVISIONS FOR LIABILITIES - 105
NET ASSETS 611,963 683,317

CAPITAL AND RESERVES
Called up share capital 9 50 50
Capital redemption reserve 50 50
Retained earnings 611,863 683,217
SHAREHOLDERS' FUNDS 611,963 683,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

SEVAD LIMITED (REGISTERED NUMBER: 05417657)

BALANCE SHEET - continued
30 APRIL 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 January 2025 and were signed by:





S N Sellman - Director


SEVAD LIMITED (REGISTERED NUMBER: 05417657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Sevad Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the term of the lease
Plant and equipment - 25% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on cost
Website - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SEVAD LIMITED (REGISTERED NUMBER: 05417657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 55,000
AMORTISATION
At 1 May 2023
and 30 April 2024 55,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property equipment equipment
£    £    £   
COST
At 1 May 2023
and 30 April 2024 10,603 99,217 91,878
DEPRECIATION
At 1 May 2023 10,603 99,081 89,937
Charge for year - 136 1,211
At 30 April 2024 10,603 99,217 91,148
NET BOOK VALUE
At 30 April 2024 - - 730
At 30 April 2023 - 136 1,941

SEVAD LIMITED (REGISTERED NUMBER: 05417657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Website Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 35,866 27,360 264,924
DEPRECIATION
At 1 May 2023 35,866 27,360 262,847
Charge for year - - 1,347
At 30 April 2024 35,866 27,360 264,194
NET BOOK VALUE
At 30 April 2024 - - 730
At 30 April 2023 - - 2,077

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 6,827 5,134
Other debtors 169,145 137,645
175,972 142,779

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 56,680 40,882
Taxation and social security 29,192 (5,021 )
Other creditors 7,793 7,794
93,665 43,655

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 61,531 59,906
Between one and five years 86,172 146,974
147,703 206,880

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
50 Ordinary A shares £1 50 50

SEVAD LIMITED (REGISTERED NUMBER: 05417657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
S N Sellman
Balance outstanding at start of year 23,375 289,413
Amounts advanced 127,838 48,962
Amounts repaid (25,000 ) (315,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 126,213 23,375

The loan is unsecured, repayable on demand and subject to interest at the official rate.