SEGSBURY LIMITED

Company Registration Number:
02932982 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

SEGSBURY LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

SEGSBURY LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 7,206 10,294
Tangible assets: 4 310,251 335,981
Total fixed assets: 317,457 346,275
Current assets
Stocks: 3,100 3,100
Debtors: 5 842,572 159,296
Cash at bank and in hand: 732,018 946,852
Investments:   0 0
Total current assets: 1,577,690 1,109,248
Creditors: amounts falling due within one year:   (607,887) (321,107)
Net current assets (liabilities): 969,803 788,141
Total assets less current liabilities: 1,287,260 1,134,416
Provision for liabilities: (51,336) (51,987)
Total net assets (liabilities): 1,235,924 1,082,429
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,234,924 1,081,429
Shareholders funds: 1,235,924 1,082,429

The notes form part of these financial statements

SEGSBURY LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 November 2024
and signed on behalf of the board by:

Name: Mark Whittington
Status: Director

The notes form part of these financial statements

SEGSBURY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value, net of value added tax and discounts, of goods and services provided to customers.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant and machinery 10 - 25% straight line Fixtures and fittings 10 - 25% straight line Cars 20% reducing balance

Intangible fixed assets and amortisation policy

Purchased goodwill is amortised on a straight line basis over 8 years.

Other accounting policies

Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the balance sheet date.

SEGSBURY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 72 76

SEGSBURY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 90,039
At 30 June 2024 90,039
Amortisation
At 01 July 2023 79,745
Charge for year 3,088
At 30 June 2024 82,833
Net book value
At 30 June 2024 7,206
At 30 June 2023 10,294

SEGSBURY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 974,821
Additions 55,208
At 30 June 2024 1,030,029
Depreciation
At 01 July 2023 638,840
Charge for year 80,938
At 30 June 2024 719,778
Net book value
At 30 June 2024 310,251
At 30 June 2023 335,981

SEGSBURY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

SEGSBURY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Loans to directors

Name of director receiving advance or credit: Helen Whittington
Description of the loan: Included within Other Debtor is an amount of £609,147 advanced to Helen Whittington, Director. The loan is unsecured, interest is charged at 2.25% and is repayable on demand
£
Balance at 01 July 2023 0
Advances or credits made: 609,147
Balance at 30 June 2024 609,147

SEGSBURY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Related party transactions

Name of the related party: Helen Whittington
Relationship:
Director
Description of the Transaction: As at the 30 June 2024, the company had an overdrawn loan account in the amount of £609,147 with Helen Whittington, a director of the company. The loan is classified as a related party transaction under FRS 102, Section 33 – “Related Party Disclosures” The loan is unsecured, interest is charged at 2.25% and repayable on demand. The loan balance has been outstanding since 3 August 2023.
£
Balance at 01 July 2023 0
Balance at 30 June 2024 609,147

The ultimate controlling party during the period The ultimate controlling party of the company is Helen Whittington who owns 50% of the share capital and Mark Whittington who owns 50% of the share capital and who both have the power to direct the activities of the company.