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Company Registration No. 09410509 (England and Wales)
Setai Ltd Unaudited accounts for the year ended 31 January 2025
Setai Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Setai Ltd Company Information for the year ended 31 January 2025
Director
Mrs S Porter
Company Number
09410509 (England and Wales)
Registered Office
C/o LMK ACCOUNTING LTD Gatehouse Gatehouse Way Aylesbury HP19 8DB United Kingdom
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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Setai Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
58,263
78,176
Current assets
Inventories
-
18,700
Debtors
5
26,608
-
Cash at bank and in hand
405
474
27,013
19,174
Creditors: amounts falling due within one year
6
(115,601)
(87,242)
Net current liabilities
(88,588)
(68,068)
Total assets less current liabilities
(30,325)
10,108
Creditors: amounts falling due after more than one year
7
(35,379)
(35,243)
Net liabilities
(65,704)
(25,135)
Capital and reserves
Called up share capital
3
3
Profit and loss account
(65,707)
(25,138)
Shareholders' funds
(65,704)
(25,135)
For the year ending 31 January 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 her 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 21 October 2025 and were signed on its behalf by
Mrs S Porter Director Company Registration No. 09410509
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Setai Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Setai Ltd is a private company, limited by shares, registered in England and Wales, registration number 09410509. The registered office is C/o LMK ACCOUNTING LTD, Gatehouse, Gatehouse Way, Aylesbury, HP19 8DB, 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 remained unchanged from the previous year, and also 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.
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:
Plant & machinery
25% Reducing instalment
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Setai Ltd Notes to the Accounts for the year ended 31 January 2025
Going concern
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the director and sharesholders of the company. If the were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 February 2024
86,475
At 31 January 2025
86,475
Depreciation
At 1 February 2024
8,299
Charge for the year
19,913
At 31 January 2025
28,212
Net book value
At 31 January 2025
58,263
At 31 January 2024
78,176
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
26,608
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
114,751
85,082
Accruals
850
2,160
115,601
87,242
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
35,379
35,243
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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