Registered number
06956766
SEVERN BUSINESS COLLEGE LIMITED
Unaudited Filleted Accounts
31 July 2024
TEMPLETONS (HOLDINGS) LTD
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
SEVERN BUSINESS COLLEGE LIMITED
Registered number: 06956766
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 166 221
Investments 4 103,998 -
104,164 221
Current assets
Debtors 5 3,345 6,345
Cash at bank and in hand 93,247 180,640
96,592 186,985
Creditors: amounts falling due within one year 6 (40,156) (67,094)
Net current assets 56,436 119,891
Total assets less current liabilities 160,600 120,112
Creditors: amounts falling due after more than one year 7 (5,720) (8,730)
Net assets 154,880 111,382
Capital and reserves
Called up share capital 100 100
Profit and loss account 154,780 111,282
Shareholder's funds 154,880 111,382
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H S Hanspal
Director
Approved by the board on 11 April 2025
SEVERN BUSINESS COLLEGE LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts . Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc 25% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 12,080
At 31 July 2024 12,080
Depreciation
At 1 August 2023 11,859
Charge for the year 55
At 31 July 2024 11,914
Net book value
At 31 July 2024 166
At 31 July 2023 221
4 Investments
Other
investments
£
Cost
Additions 103,998
At 31 July 2024 103,998
5 Debtors 2024 2023
£ £
Other debtors 3,345 6,345
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 10,600 28,901
Other taxes and social security costs 122 25
Other creditors 29,434 38,168
40,156 67,094
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,720 8,730
8 Controlling party
The company was under the control of Mr H S Hanspal, director of the company.
9 Other information
SEVERN BUSINESS COLLEGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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