IRIS Accounts Production v24.3.2.46 12459817 Board of Directors 1.3.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124598172023-02-28124598172024-05-31124598172023-03-012024-05-31124598172022-02-28124598172022-03-012023-02-28124598172023-02-2812459817ns15:EnglandWales2023-03-012024-05-3112459817ns14:PoundSterling2023-03-012024-05-3112459817ns10:Director12023-03-012024-05-3112459817ns10:PrivateLimitedCompanyLtd2023-03-012024-05-3112459817ns10:SmallEntities2023-03-012024-05-3112459817ns10:AuditExempt-NoAccountantsReport2023-03-012024-05-3112459817ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-05-3112459817ns10:SmallCompaniesRegimeForAccounts2023-03-012024-05-3112459817ns10:FullAccounts2023-03-012024-05-311245981712023-03-012024-05-3112459817ns10:Director22023-03-012024-05-3112459817ns10:RegisteredOffice2023-03-012024-05-3112459817ns5:CurrentFinancialInstruments2024-05-3112459817ns5:CurrentFinancialInstruments2023-02-2812459817ns5:ShareCapital2024-05-3112459817ns5:ShareCapital2023-02-2812459817ns5:RetainedEarningsAccumulatedLosses2024-05-3112459817ns5:RetainedEarningsAccumulatedLosses2023-02-2812459817ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-05-3112459817ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-05-3112459817ns5:PlantMachinery2023-03-012024-05-3112459817ns5:ComputerEquipment2023-03-012024-05-3112459817ns5:PatentsTrademarksLicencesConcessionsSimilar2024-05-3112459817ns5:PlantMachinery2023-02-2812459817ns5:ComputerEquipment2023-02-2812459817ns5:PlantMachinery2024-05-3112459817ns5:ComputerEquipment2024-05-3112459817ns5:PlantMachinery2023-02-2812459817ns5:ComputerEquipment2023-02-2812459817ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3112459817ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2812459817ns5:DeferredTaxation2023-02-2812459817ns5:DeferredTaxation2023-03-012024-05-3112459817ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 12459817 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 MAY 2024

FOR

SEOMG LIMITED

SEOMG LIMITED (REGISTERED NUMBER: 12459817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEOMG LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 MAY 2024







DIRECTORS: D E Adam
L Smith





REGISTERED OFFICE: 6th Floor Intergen House
65 - 67 Western Road
Brighton & Hove
East Sussex
BN3 2JQ





REGISTERED NUMBER: 12459817 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

SEOMG LIMITED (REGISTERED NUMBER: 12459817)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 330 -
Tangible assets 5 13,007 12,737
13,337 12,737

CURRENT ASSETS
Debtors 6 80,308 67,168
Cash at bank 299,943 206,316
380,251 273,484
CREDITORS
Amounts falling due within one year 7 169,090 111,905
NET CURRENT ASSETS 211,161 161,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,498

174,316

PROVISIONS FOR LIABILITIES 8 3,300 2,420
NET ASSETS 221,198 171,896

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221,098 171,796
221,198 171,896

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





L Smith - Director


SEOMG LIMITED (REGISTERED NUMBER: 12459817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MAY 2024

1. STATUTORY INFORMATION

Seomg 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises invoices raised for SEO services and is recognised when the relevant performance obligations have been satisfied.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

SEOMG LIMITED (REGISTERED NUMBER: 12459817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the period was 16 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 390
At 31 May 2024 390
AMORTISATION
Amortisation for period 60
At 31 May 2024 60
NET BOOK VALUE
At 31 May 2024 330

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2023 7,187 13,129 20,316
Additions 2,442 2,484 4,926
At 31 May 2024 9,629 15,613 25,242
DEPRECIATION
At 1 March 2023 2,302 5,277 7,579
Charge for period 1,705 2,951 4,656
At 31 May 2024 4,007 8,228 12,235
NET BOOK VALUE
At 31 May 2024 5,622 7,385 13,007
At 28 February 2023 4,885 7,852 12,737

SEOMG LIMITED (REGISTERED NUMBER: 12459817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,032 65,168
Other debtors 13,276 2,000
80,308 67,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,392 -
Taxation and social security 130,341 85,443
Other creditors 37,357 26,462
169,090 111,905

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,300 2,420

Deferred
tax
£   
Balance at 1 March 2023 2,420
Provided during period 880
Balance at 31 May 2024 3,300