REGISTERED NUMBER: 03305345 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

S I E T LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

MR V G DEVADOSS

SECRETARY:

Mr J M Glover

REGISTERED OFFICE:

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

REGISTERED NUMBER:

03305345 (England and Wales)

ACCOUNTANTS:

A & N (Haslemere) Limited

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

FIXED ASSETS

Tangible assets

3

180,334

180,445

CURRENT ASSETS

Debtors

4

613,580

513,524

Cash at bank

45,816

80,548

659,396

594,072

CREDITORS

Amounts falling due within one year

5

169,452

169,441

NET CURRENT ASSETS

489,944

424,631

TOTAL ASSETS LESS CURRENT LIABILITIES

670,278

605,076

PROVISIONS FOR LIABILITIES

586

549

NET ASSETS

669,692

604,527

CAPITAL AND RESERVES

Called up share capital

3

3

Fair value reserve

6

10,368

10,368

Retained earnings

6

659,321

594,156

SHAREHOLDERS' FUNDS

669,692

604,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

MR V G DEVADOSS - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Tangible assets

Tangible assets are written down over their useful lives.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Office,

Garage

Office

and Store

Equipment

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

180,000

35,925

215,925

DEPRECIATION

At 1 February 2024

-

35,480

35,480

Charge for year

-

111

111

At 31 January 2025

-

35,591

35,591

NET BOOK VALUE

At 31 January 2025

180,000

334

180,334

At 31 January 2024

180,000

445

180,445

Cost or valuation at 31 January 2025 is represented by:

Office,

Garage

Office

and Store

Equipment

Totals

£

£

£

Valuation in 2017

40,077

-

40,077

Valuation in 2018

12,800

-

12,800

Valuation in 2019

7,200

-

7,200

Cost

119,923

35,925

155,848

180,000

35,925

215,925

If the office, garage and store had not been revalued it would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

119,923

119,923

The office, garage and store was valued on an open market basis on 31 January 2020 by the director .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

613,580

513,524

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Tax

4,463

11,423

VAT

130,600

118,116

Directors' current accounts

12,500

23,863

Accrued expenses

21,889

16,039

169,452

169,441

6.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 February 2024

594,156

10,368

604,524

Profit for the year

101,165

101,165

Dividends

(36,000

)

(36,000

)

At 31 January 2025

659,321

10,368

669,689

7.	RELATED PARTIES

The property shown in the Accounts, Office, Garage, and Store, had to be registered, for various reasons, in the director's name. There has been no charge on the company for the use of this property by the director, and he had no beneficial interests in it; it is held in his name for the benefit of the company.

In addition, the director has given a personal guarantee against the mortgage on the Office, Garage and Store.

8.	PROPERTIES

The cost of the Office, Garage and Store is the cost of purchasing the Leasehold of a small building, close to the consulting rooms at St John Street, Manchester, for business purposes. This has been purchased with the help of a mortgage from the Royal Bank of Scotland, which is repayable over 20 years. Its current value is approximately £180,000 which is reflected in the accounts. There is currently a legal charge held at Companies House in favour of The Royal Bank of Scotland.

See note on Related Parties.