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REGISTERED NUMBER: 03305345 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

S I E T LIMITED

S I E T LIMITED (REGISTERED NUMBER: 03305345)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S I E T LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: MR V G DEVADOSS





SECRETARY: Mr J M Glover





REGISTERED OFFICE: Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA





REGISTERED NUMBER: 03305345 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

S I E T LIMITED (REGISTERED NUMBER: 03305345)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 180,445 180,593

CURRENT ASSETS
Debtors 4 513,524 557,162
Cash at bank 80,548 69,097
594,072 626,259
CREDITORS
Amounts falling due within one year 5 169,441 173,290
NET CURRENT ASSETS 424,631 452,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,076

633,562

PROVISIONS FOR LIABILITIES 549 756
NET ASSETS 604,527 632,806

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 6 10,368 10,368
Retained earnings 6 594,156 622,435
SHAREHOLDERS' FUNDS 604,527 632,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 29 January 2025 and were signed by:



MR V G DEVADOSS - Director


S I E T LIMITED (REGISTERED NUMBER: 03305345)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. 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 as modified by the revaluation of certain assets.

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.

Tangible assets
Tangible assets are written down over their useful lives.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Office,
Garage Office
and Store Equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 180,000 35,925 215,925
DEPRECIATION
At 1 February 2023 - 35,332 35,332
Charge for year - 148 148
At 31 January 2024 - 35,480 35,480
NET BOOK VALUE
At 31 January 2024 180,000 445 180,445
At 31 January 2023 180,000 593 180,593

Cost or valuation at 31 January 2024 is represented by:

Office,
Garage Office
and Store Equipment Totals
£    £    £   
Valuation in 2017 40,077 - 40,077
Valuation in 2018 12,800 - 12,800
Valuation in 2019 7,200 - 7,200
Cost 119,923 35,925 155,848
180,000 35,925 215,925

S I E T LIMITED (REGISTERED NUMBER: 03305345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

3. TANGIBLE FIXED ASSETS - continued

If the office, garage and store had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 119,923 119,923

The office, garage and store was valued on an open market basis on 31 January 2020 by the director .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 513,524 557,162

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 11,423 6,453
Net Wages - 984
VAT 118,116 115,128
Directors' current accounts 23,863 40,201
Accrued expenses 16,039 10,524
169,441 173,290

6. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 622,435 10,368 632,803
Deficit for the year (23,279 ) (23,279 )
Dividends (5,000 ) (5,000 )
At 31 January 2024 594,156 10,368 604,524

7. RELATED PARTIES

The property shown in the Accounts, Office, Garage, and Store, had to be registered, for various reasons, in the director's name. There has been no charge on the company for the use of this property by the director, and he had no beneficial interests in it; it is held in his name for the benefit of the company.

In addition, the director has given a personal guarantee against the mortgage on the Office, Garage and Store.

8. PROPERTIES

The cost of the Office, Garage and Store is the cost of purchasing the Leasehold of a small building, close to the consulting rooms at St John Street, Manchester, for business purposes. This has been purchased with the help of a mortgage from the Royal Bank of Scotland, which is repayable over 20 years. Its current value is approximately £180,000 which is reflected in the accounts. There is currently a legal charge held at Companies House in favour of The Royal Bank of Scotland.

See note on Related Parties.