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Registered number: 10028623
Seeker Digital Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Numbers Studio
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10028623
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 31,884
Tangible Assets 5 16,519 16,401
16,520 48,285
CURRENT ASSETS
Debtors 6 183,271 146,855
Cash at bank and in hand 107,660 264,946
290,931 411,801
Creditors: Amounts Falling Due Within One Year 7 (178,342 ) (139,732 )
NET CURRENT ASSETS (LIABILITIES) 112,589 272,069
TOTAL ASSETS LESS CURRENT LIABILITIES 129,109 320,354
Creditors: Amounts Falling Due After More Than One Year 8 (28,908 ) (155,664 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,139 ) (4,473 )
NET ASSETS 97,062 160,217
CAPITAL AND RESERVES
Called up share capital 9 51 51
Capital redemption reserve 49 49
Profit and Loss Account 96,962 160,117
SHAREHOLDERS' FUNDS 97,062 160,217
Page 1
Page 2
For the year 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Simpson
Director
30 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Seeker Digital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10028623 . The registered office is Projects Nile House, Fao Numbers Studio, Nile Street, Brighton, East Sussex, BN1 1HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, net of VAT and trade discounts.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are measured at cost less accumulated amortisation and any impairment losses.
Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis:
Other Intangible Assets – 3 years straight line.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Staight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 20% Straight Line
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 143,478
As at 31 December 2024 143,478
Amortisation
As at 1 January 2024 111,594
Provided during the period 31,883
As at 31 December 2024 143,477
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 31,884
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 65,418 289 32,365 98,072
Additions - - 8,358 8,358
As at 31 December 2024 65,418 289 40,723 106,430
Depreciation
As at 1 January 2024 61,667 289 19,715 81,671
Provided during the period 3,751 - 4,489 8,240
As at 31 December 2024 65,418 289 24,204 89,911
Net Book Value
As at 31 December 2024 - - 16,519 16,519
As at 1 January 2024 3,751 - 12,650 16,401
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 163,907 127,441
Amounts owed by participating interests 8,410 -
Other debtors 7,058 18,739
179,375 146,180
Due after more than one year
Other debtors 3,896 675
183,271 146,855
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 31,692 39,988
Bank loans and overdrafts 63,589 2,978
Other creditors 4,622 40,326
Taxation and social security 78,439 56,440
178,342 139,732
The company registered a charge with IWOCA Skye Finance Limited on 30 November 2020, which contains a fixed and floating charge over all property and undertaking of the company.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,908 155,664
The company registered a charge with IWOCA Skye Finance Limited on 30 November 2020, which contains a fixed and floating charge over all property and undertaking of the company.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 51 51
10. Ultimate Controlling Party
The company is wholly owned by Seeker Digital Group Limited.
The ultimate controlling party is Gareth Simpson by virtue of his shareholding.
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