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Registered number: 10446310
Sequestim Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 10446310
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,806 13,075
9,806 13,075
CURRENT ASSETS
Debtors 5 1,531 2,249
Cash at bank and in hand 11,280 41,074
12,811 43,323
Creditors: Amounts Falling Due Within One Year 6 (3,628 ) (3,628 )
NET CURRENT ASSETS (LIABILITIES) 9,183 39,695
TOTAL ASSETS LESS CURRENT LIABILITIES 18,989 52,770
NET ASSETS 18,989 52,770
CAPITAL AND RESERVES
Called up share capital 7 117 117
Share premium account 185,726 185,726
Income Statement (166,854 ) (133,073 )
SHAREHOLDERS' FUNDS 18,989 52,770
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
R P Spurrett
Director
18th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sequestim Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10446310 . The registered office is Kings Barn High Street, Harwell, Didcot, Oxfordshire, OX11 0EY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 40,126
As at 31 October 2024 40,126
Depreciation
As at 1 November 2023 27,051
Provided during the period 3,269
As at 31 October 2024 30,320
Net Book Value
As at 31 October 2024 9,806
As at 1 November 2023 13,075
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,531 2,249
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 3,628 3,628
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 117 117
Page 4