Seofon Business Services Limited

Registered number

07894629

Filleted Accounts

31 December 2024

Seofon Business Services Limited
Registered number:		07894629
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		4,523			6,080
Tangible assets	4		4,646			3,981
			9,169			10,061

Current assets
Debtors	5	66,476			38,822
Cash at bank and in hand		102			2,702
		66,578			41,524

Creditors: amounts falling due within one year	6	(12,026)			(18,352)

Net current assets			54,552			23,172

Total assets less current liabilities			63,721			33,233

Creditors: amounts falling due after more than one year	7		(62,381)			(32,415)

Provisions for liabilities			(883)			(756)


Net assets			457			62

Capital and reserves
Called up share capital			8			8
Profit and loss account			449			54

Shareholders' funds			457			62

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.


C L Klamm
Director
Approved by the board on 9 August 2025

Seofon Business Services Limited
Notes to the Accounts
for the year ended 31 December 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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
	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	over 4 years

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			12		12


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 January 2024					9,440
	Additions					380
	At 31 December 2024					9,820

	Amortisation
	At 1 January 2024					3,360
	Provided during the year					1,937
	At 31 December 2024					5,297

	Net book value
	At 31 December 2024					4,523
	At 31 December 2023					6,080


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	1,795		15,966		17,761
	Additions	-		3,180		3,180
	At 31 December 2024	1,795		19,146		20,941

	Depreciation
	At 1 January 2024	1,176		12,604		13,780
	Charge for the year	386		2,129		2,515
	At 31 December 2024	1,562		14,733		16,295

	Net book value
	At 31 December 2024	233		4,413		4,646
	At 31 December 2023	619		3,362		3,981


5	Debtors			2024		2023
£					£

	Trade debtors			56,010		34,553
	Other debtors			10,466		4,269
				66,476		38,822


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			7,948		2,562
	Trade creditors			7,025		39
	Taxation and social security costs			28,748		23,606
	Other creditors			(31,695)		(7,855)
				12,026		18,352


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			29,824		30,192
	Other creditors			32,557		2,223
				62,381		32,415


8	Other information

	Seofon Business Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Planet House
	North Heath Lane Industrial Estate
	Horsham
	West Sussex
	RH12 5QE