11 March 2024 false No description of principal activity Taxfiler 2024.6 15553826 business:PrivateLimitedCompanyLtd 2024-03-11 2025-03-31 15553826 2024-03-10 15553826 2024-03-11 2025-03-31 15553826 business:AuditExempt-NoAccountantsReport 2024-03-11 2025-03-31 15553826 business:FilletedAccounts 2024-03-11 2025-03-31 15553826 2025-03-31 15553826 business:Director1 2024-03-11 2025-03-31 15553826 business:RegisteredOffice 2024-03-11 2025-03-31 15553826 core:WithinOneYear 2025-03-31 15553826 core:AfterOneYear 2025-03-31 15553826 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 15553826 core:PreviouslyStatedAmount 2025-03-31 15553826 business:SmallEntities 2024-03-11 2025-03-31 15553826 countries:EnglandWales 2024-03-11 2025-03-31 15553826 core:MotorVehicles 2024-03-11 2025-03-31 15553826 core:MotorVehicles 2024-03-10 15553826 core:MotorVehicles 2025-03-31 15553826 core:AdditionsToInvestments 2025-03-31 iso4217:GBP xbrli:pure
Company Registration No. 15553826 (England and Wales)
Segmarg Ltd Unaudited accounts for the period from 11 March 2024 to 31 March 2025
Segmarg Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Segmarg Ltd Company Information for the period from 11 March 2024 to 31 March 2025
Director
OLAYODE, Ibukun Abraham
Company Number
15553826 (England and Wales)
Registered Office
Unit 5 Shopping Park Millers Road Fossway Newcastle Upon Tyne NE6 2XP United Kingdom
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Segmarg Ltd Statement of financial position as at 31 March 2025
2025
Notes
£
Fixed assets
Tangible assets
4
4,125
Investments
5
30,000
34,125
Current assets
Debtors
6
6,599
Cash at bank and in hand
6,745
13,344
Creditors: amounts falling due within one year
7
(5,515)
Net current assets
7,829
Total assets less current liabilities
41,954
Creditors: amounts falling due after more than one year
8
(29,056)
Net assets
12,898
Capital and reserves
Profit and loss account
12,898
Shareholders' funds
12,898
For the period ending 31 March 2025 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 his 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 15 July 2025 and were signed on its behalf by
OLAYODE, Ibukun Abraham Director Company Registration No. 15553826
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Segmarg Ltd Notes to the Accounts for the period from 11 March 2024 to 31 March 2025
1
Statutory information
Segmarg Ltd is a private company, limited by shares, registered in England and Wales, registration number 15553826. The registered office is Unit 5 Shopping Park Millers Road, Fossway, Newcastle Upon Tyne, NE6 2XP, 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 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:
Motor vehicles
33.3%
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 11 March 2024
-
Additions
4,500
At 31 March 2025
4,500
Depreciation
Charge for the period
375
At 31 March 2025
375
Net book value
At 31 March 2025
4,125
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Segmarg Ltd Notes to the Accounts for the period from 11 March 2024 to 31 March 2025
5
Investments
Other investments
£
Valuation at 11 March 2024
-
Additions
30,000
Valuation at 31 March 2025
30,000
6
Debtors
2025
£
Amounts falling due within one year
VAT
6,599
7
Creditors: amounts falling due within one year
2025
£
Trade creditors
783
Taxes and social security
3,653
Loans from directors
1,079
5,515
8
Creditors: amounts falling due after more than one year
2025
£
Other creditors
22,556
Loans from directors
6,500
29,056
9
Average number of employees
During the period the average number of employees was 3.
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