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Company registration number: 9935037
SETASALES Limited
Trading as SETASALES Limited
Unaudited filleted financial statements
30 June 2025
SETASALES Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
SETASALES Limited
Directors and other information
Directors
Mr Mark Sweetko
Mr Eamonn McArdle
Company number 9935037
Registered office Little London Rd
Silchester
RG7 2PP
Business address Brookfields
Little London Rd
Silchester
RG7 2PP
SETASALES Limited
Statement of financial position
30 June 2025
30/06/25 31/12/23
Note £ £ £ £
Current assets
Debtors 4 68 -
Cash at bank and in hand 1,584 121
_______ _______
1,652 121
Creditors: amounts falling due
within one year 5 ( 1,650) ( 98)
_______ _______
Net current assets 2 23
_______ _______
Total assets less current liabilities 2 23
_______ _______
Net assets 2 23
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 98) ( 77)
_______ _______
Shareholder funds 2 23
_______ _______
For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 July 2025 , and are signed on behalf of the board by:
Mr Mark Sweetko
Director
Company registration number: 9935037
SETASALES Limited
Statement of changes in equity
Period ended 30 June 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2023 100 ( 42) 58
Loss for the period ( 35) ( 35)
_______ _______ _______
Total comprehensive income for the period - ( 35) ( 35)
_______ _______ _______
At 31 December 2023 and 1 January 2024 100 ( 77) 23
Loss for the period ( 21) ( 21)
_______ _______ _______
Total comprehensive income for the period - ( 21) ( 21)
_______ _______ _______
At 30 June 2025 100 ( 98) 2
_______ _______ _______
SETASALES Limited
Notes to the financial statements
Period ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Brookfields, Little London Rd, Silchester, RG7 2PP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.
4. Debtors
30/06/25 31/12/23
£ £
Trade debtors 68 -
_______ _______
5. Creditors: amounts falling due within one year
30/06/25 31/12/23
£ £
Other creditors 1,650 98
_______ _______
6. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 30/06/25
Balance brought forward Amounts repaid Balance o/standing
£ £ £
- - -
_______ _______ _______
Year ended 31/12/23
Balance brought forward Amounts repaid Balance o/standing
£ £ £
( 300) 300 -
_______ _______ _______