Company Registration No. 14376013 (England and Wales)
Section Data Ltd
Unaudited accounts
for the period from 1 October 2023 to 31 December 2024
Section Data Ltd
Unaudited accounts
Contents
Section Data Ltd
Company Information
for the period from 1 October 2023 to 31 December 2024
Company Number
14376013 (England and Wales)
Registered Office
The Lamp House
5-6 Benton Terrace
Newcastle upon Tyne
Tyne and Wear
NE2 1QU
England
Accountants
Added Accounting Ltd
8 Whitehouse Crescent
Gorebridge
EH23 4FT
Section Data Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
6,127
1,566
Cash at bank and in hand
258,069
8,796
Creditors: amounts falling due within one year
(594,441)
(1,311,709)
Net current assets
143,492
984
Called up share capital
1,000
1,000
Profit and loss account
148,619
1,550
Shareholders' funds
149,619
2,550
For the period ending 31 December 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 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 27 May 2025 and were signed on its behalf by
Mr Brett Ellis
Director
Company Registration No. 14376013
Section Data Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 December 2024
Section Data Ltd is a private company, limited by shares, registered in England and Wales, registration number 14376013. The registered office is The Lamp House, 5-6 Benton Terrace, Newcastle upon Tyne, Tyne and Wear, NE2 1QU, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
Straight line over 5 years
Computer equipment
Straight line over 3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Section Data Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
-
1,799
1,799
Additions
1,063
4,884
5,947
At 31 December 2024
1,063
6,683
7,746
At 1 October 2023
-
233
233
Charge for the period
55
1,331
1,386
At 31 December 2024
55
1,564
1,619
At 31 December 2024
1,008
5,119
6,127
At 30 September 2023
-
1,566
1,566
Amounts falling due within one year
Trade debtors
479,864
1,303,897
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
483,178
1,309,469
Taxes and social security
90,925
-
Loans from directors
86
800
7
Average number of employees
During the period the average number of employees was 2 (2023: 1).