Company Registration No. 13669852 (England and Wales)
Seene Digital Ltd
Unaudited accounts
for the year ended 31 October 2024
Seene Digital Ltd
Unaudited accounts
Contents
Seene Digital Ltd
Company Information
for the year ended 31 October 2024
Directors
Emma Williams
Paul Williams CBE
Company Number
13669852 (England and Wales)
Registered Office
A and L, Suite 1-3 Hop Exchange
24 Southwark Street
London
SE1 1TY
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Seene Digital Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
1,785
3,018
Cash at bank and in hand
253,253
229,347
Creditors: amounts falling due within one year
(262,821)
(121,210)
Net current assets
111,782
125,096
Net assets
113,567
128,114
Called up share capital
102
102
Profit and loss account
113,465
128,012
Shareholders' funds
113,567
128,114
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 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 31 December 2024 and were signed on its behalf by
Emma Williams
Director
Company Registration No. 13669852
Seene Digital Ltd
Notes to the Accounts
for the year ended 31 October 2024
Seene Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 13669852. The registered office is A and L, Suite 1-3 Hop Exchange, 24 Southwark Street, London, SE1 1TY, England.
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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.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Seene Digital Ltd
Notes to the Accounts
for the year ended 31 October 2024
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Tangible fixed assets
Computer equipment
Seene Digital Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
9,979
19,194
Other debtors
111,371
(2,235)
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
21,752
9,952
Taxes and social security
40,414
76,599
Other creditors
200,651
34,656
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(2,236)
215,420
101,813
111,371
(2,236)
215,420
101,813
111,371
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Average number of employees
During the year the average number of employees was 2 (2023: 1).