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COMPANY REGISTRATION NUMBER: 13711228
S9 COMMUNICATIONS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 October 2023
S9 COMMUNICATIONS LTD
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
6
620,396
81,336
CURRENT ASSETS
Debtors
7
284,300
198,461
Cash at bank and in hand
183,632
35,399
---------
---------
467,932
233,860
CREDITORS: amounts falling due within one year
8
( 558,119)
( 66,082)
---------
---------
NET CURRENT (LIABILITIES)/ASSETS
( 90,187)
167,778
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
530,209
249,114
CREDITORS: amounts falling due after more than one year
9
( 109,157)
PROVISIONS
( 107,683)
( 20,334)
---------
---------
NET ASSETS
313,369
228,780
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
313,269
228,680
---------
---------
SHAREHOLDERS FUNDS
313,369
228,780
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
S9 COMMUNICATIONS LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
P S Metcalfe
N P West
Director
Director
Company registration number: 13711228
S9 COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, West Yorkshire, LS9 0EW, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 75 (2022: 11 ).
5. TAX ON PROFIT
Major components of tax expense
2023
2022
£
£
Current tax:
UK current tax expense
41,209
Adjustments in respect of prior periods
( 41,209)
--------
--------
Total current tax
( 41,209)
41,209
--------
--------
Deferred tax:
Origination and reversal of timing differences
87,349
20,334
--------
--------
Tax on profit
46,140
61,543
--------
--------
6. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 November 2022
23,523
80,791
2,887
107,201
Additions
63,449
620,932
23,017
707,398
Disposals
( 73,894)
( 73,894)
--------
---------
--------
---------
At 31 October 2023
86,972
627,829
25,904
740,705
--------
---------
--------
---------
Depreciation
At 1 November 2022
4,704
20,198
963
25,865
Charge for the year
17,714
71,695
8,635
98,044
Disposals
( 3,600)
( 3,600)
--------
---------
--------
---------
At 31 October 2023
22,418
88,293
9,598
120,309
--------
---------
--------
---------
Carrying amount
At 31 October 2023
64,554
539,536
16,306
620,396
--------
---------
--------
---------
At 31 October 2022
18,819
60,593
1,924
81,336
--------
---------
--------
---------
7. DEBTORS
2023
2022
£
£
Trade debtors
129,962
51,165
Other debtors
154,338
147,296
---------
---------
284,300
198,461
---------
---------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
259,031
10,158
Corporation tax
41,209
Social security and other taxes
265,225
Other creditors
33,863
14,715
---------
--------
558,119
66,082
---------
--------
9. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Other creditors
109,157
---------
----