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REGISTERED NUMBER: 04762687 (England and Wales)












SEEPER LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






SEEPER LTD (REGISTERED NUMBER: 04762687)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SEEPER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: E T Grant





SECRETARY: E T Grant





REGISTERED OFFICE: 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 04762687 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

SEEPER LTD (REGISTERED NUMBER: 04762687)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 52,642 100,121

CURRENT ASSETS
Debtors 867,925 239,438
Cash at bank and in hand 236,465 1,855,037
1,104,390 2,094,475
CREDITORS
Amounts falling due within one year 753,089 293,356
NET CURRENT ASSETS 351,301 1,801,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,943

1,901,240

CREDITORS
Amounts falling due after more than one
year

(97,167

)

(53,488

)

PROVISIONS FOR LIABILITIES (13,161 ) (20,024 )
NET ASSETS 293,615 1,827,728

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 280,000 280,000
Retained earnings 13,515 1,547,628
SHAREHOLDERS' FUNDS 293,615 1,827,728

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

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

SEEPER LTD (REGISTERED NUMBER: 04762687)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2025 and were signed by:





E T Grant - Director


SEEPER LTD (REGISTERED NUMBER: 04762687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 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.

Turnover
Turnover represents net sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 5% on reducing balance
Computer equipment - Straight line over 3 years

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

SEEPER LTD (REGISTERED NUMBER: 04762687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 354,068
Additions 10,317
Disposals (60,250 )
At 31 May 2024 304,135
DEPRECIATION
At 1 June 2023 253,947
Charge for year 19,198
Eliminated on disposal (21,652 )
At 31 May 2024 251,493
NET BOOK VALUE
At 31 May 2024 52,642
At 31 May 2023 100,121