Company Registration No. 09999070 (England and Wales)
8Seconds Ltd
Unaudited accounts
for the year ended 29 February 2024
8Seconds Ltd
Unaudited accounts
Contents
8Seconds Ltd
Company Information
for the year ended 29 February 2024
Directors
Hugo Petit
Finn Pomeroy
Company Number
09999070 (England and Wales)
Registered Office
MARKLYE
DULWICH COMMON
LONDON
SE21 7EU
UNITED KINGDOM
Accountants
Dead Simple Accounting
Suite 30, 105 London Street
Reading
Berkshire
RG1 4QD
8Seconds Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
63,264
18,390
Cash at bank and in hand
163,588
50,592
Creditors: amounts falling due within one year
(227,808)
(86,046)
Net current assets
132,340
140,647
Total assets less current liabilities
195,604
159,037
Creditors: amounts falling due after more than one year
-
(24,722)
Net assets
195,604
134,315
Called up share capital
1,000
1,000
Profit and loss account
194,604
133,315
Shareholders' funds
195,604
134,315
For the year ending 29 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by
Finn Pomeroy
Director
Company Registration No. 09999070
8Seconds Ltd
Notes to the Accounts
for the year ended 29 February 2024
8Seconds Ltd is a private company, limited by shares, registered in England and Wales, registration number 09999070. The registered office is MARKLYE, DULWICH COMMON, LONDON, SE21 7EU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
25,458
4,342
10,300
40,100
Additions
69,355
217
1,166
70,738
At 29 February 2024
94,813
4,559
11,466
110,838
At 1 March 2023
15,376
2,659
3,675
21,710
Charge for the year
21,859
1,139
2,866
25,864
At 29 February 2024
37,235
3,798
6,541
47,574
At 29 February 2024
57,578
761
4,925
63,264
At 28 February 2023
10,082
1,683
6,625
18,390
8Seconds Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
196,559
175,468
Accrued income and prepayments
-
633
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
16,625
-
Trade creditors
46,443
5,235
Taxes and social security
112,233
47,805
Loans from directors
(817)
(6,230)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).