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Company Registration No. 05007144 (England and Wales)
Seriously Cool Limited Unaudited accounts for the year ended 31 July 2024
Seriously Cool Limited Unaudited accounts Contents
Page
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Seriously Cool Limited Company Information for the year ended 31 July 2024
Director
C Fraser
Company Number
05007144 (England and Wales)
Registered Office
8 Chapel Lane Upavon Pewsey SN9 6DY United Kingdom
Accountants
Melanie Harrison Bookkeeping and Accountancy Services 6 Shakespeare Drive Marlborough Wiltshire SN8 1UF
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Seriously Cool Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,323 
65,552 
Current assets
Debtors
59,085 
177,331 
Cash at bank and in hand
562,398 
576,830 
621,483 
754,161 
Creditors: amounts falling due within one year
(107,978)
(286,729)
Net current assets
513,505 
467,432 
Total assets less current liabilities
570,828 
532,984 
Provisions for liabilities
Deferred tax
(6,409)
(8,180)
Net assets
564,419 
524,804 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
564,416 
524,801 
Shareholders' funds
564,419 
524,804 
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 25 April 2025 and were signed on its behalf by
C Fraser Director Company Registration No. 05007144
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Seriously Cool Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Seriously Cool Limited is a private company, limited by shares, registered in England and Wales, registration number 05007144. The registered office is 8 Chapel Lane, Upavon, Pewsey, SN9 6DY, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
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Seriously Cool Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
95,766 
45,000 
2,876 
4,014 
147,656 
Additions
14,971 
- 
- 
2,619 
17,590 
Disposals
(10,000)
- 
- 
- 
(10,000)
At 31 July 2024
100,737 
45,000 
2,876 
6,633 
155,246 
Depreciation
At 1 August 2023
60,468 
16,504 
2,790 
2,342 
82,104 
Charge for the year
8,578 
7,124 
22 
2,595 
18,319 
On disposals
(2,500)
- 
- 
- 
(2,500)
At 31 July 2024
66,546 
23,628 
2,812 
4,937 
97,923 
Net book value
At 31 July 2024
34,191 
21,372 
64 
1,696 
57,323 
At 31 July 2023
35,298 
28,496 
86 
1,672 
65,552 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,925 
- 
Trade debtors
14,097 
135,647 
Accrued income and prepayments
13,563 
31,684 
Other debtors
19,500 
10,000 
59,085 
177,331 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,302 
28,253 
VAT
- 
17,580 
Trade creditors
12,128 
70,529 
Taxes and social security
30,967 
38,116 
Other creditors
31,303 
12,973 
Loans from directors
9,530 
10,044 
Accruals
5,748 
3,825 
Deferred income
- 
105,409 
107,978 
286,729 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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