1 March 2024 false Taxfiler 2024.6 05273351 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05273351 2024-02-29 05273351 2024-03-01 2025-02-28 05273351 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 05273351 business:FilletedAccounts 2024-03-01 2025-02-28 05273351 2025-02-28 05273351 business:Director1 2024-03-01 2025-02-28 05273351 business:RegisteredOffice 2024-03-01 2025-02-28 05273351 2024-02-29 05273351 core:WithinOneYear 2025-02-28 05273351 core:WithinOneYear 2024-02-29 05273351 core:AfterOneYear 2025-02-28 05273351 core:AfterOneYear 2024-02-29 05273351 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 05273351 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 05273351 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 05273351 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 05273351 core:PreviouslyStatedAmount 2025-02-28 05273351 core:PreviouslyStatedAmount 2024-02-29 05273351 business:SmallEntities 2024-03-01 2025-02-28 05273351 countries:EnglandWales 2024-03-01 2025-02-28 05273351 core:FurnitureFittings 2024-03-01 2025-02-28 05273351 core:FurnitureFittings 2024-02-29 05273351 core:FurnitureFittings 2025-02-28 05273351 business:OrdinaryShareClass1 2024-03-01 2025-02-28 05273351 business:OrdinaryShareClass1 2023-03-01 2024-02-29 05273351 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05273351 (England and Wales)
Sequin Designs Ltd Filleted accounts for the year ended 28 February 2025
Sequin Designs Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sequin Designs Ltd Company Information for the year ended 28 February 2025
Director
Abdul Rehman Gulam Mahomed Surtee
Company Number
05273351 (England and Wales)
Registered Office
60 London Street Leicester LE5 3RU
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
- 3 -
Sequin Designs Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Current assets
Debtors
5
15,162
21,290
Cash at bank and in hand
456,954
526,179
472,116
547,469
Creditors: amounts falling due within one year
6
(143,478)
(201,588)
Net current assets
328,638
345,881
Total assets less current liabilities
328,638
345,881
Creditors: amounts falling due after more than one year
7
(62,539)
(70,773)
Net assets
266,099
275,108
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
265,999
275,008
Shareholders' funds
266,099
275,108
For the year ending 28 February 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 30 November 2025 and were signed on its behalf by
Abdul Rehman Gulam Mahomed Surtee Director Company Registration No. 05273351
- 4 -
Sequin Designs Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Sequin Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 05273351. The registered office is 60 London Street, Leicester, LE5 3RU .
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.
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:
Fixtures & fittings
20% straight line
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.
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.
- 5 -
Sequin Designs Ltd Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 March 2024
7,241
At 28 February 2025
7,241
Depreciation
At 1 March 2024
7,241
At 28 February 2025
7,241
Net book value
At 28 February 2025
-
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
596
2,889
Trade debtors
9,323
18,401
Other debtors
5,243
-
15,162
21,290
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,527
19,974
Trade creditors
124,886
161,962
Taxes and social security
-
7,188
Other creditors
8,156
11,521
Accruals
909
943
143,478
201,588
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
62,539
70,773
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 12 (2024: 12).
- 6 -