2023-08-01 2024-07-31 03084346 SEVORG COMPUTER SERVICES LIMITED false 03084346 2023-08-01 2024-07-31 03084346 uk-bus:Director1 2023-08-01 2024-07-31 03084346 uk-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03084346 uk-bus:SmallEntities 2023-08-01 2024-07-31 03084346 uk-bus:FullAccounts 2023-08-01 2024-07-31 03084346 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03084346 2023-08-01 03084346 2024-07-31 03084346 2023-07-31 xbrli:pure iso4217:GBP 03084346 2022-08-01 2023-07-31
Company Registration Number : 03084346 (England and Wales)
03084346
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-07-31
false
SEVORG COMPUTER SERVICES LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-08-01
SEVORG COMPUTER SERVICES LIMITED
Unaudited filleted financial statements
For the year ended 31 July 2024
SEVORG COMPUTER SERVICES LIMITED
Contents
For the year ended 31 July 2024
CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


SEVORG COMPUTER SERVICES LIMITED
Company Information
For the year ended 31 July 2024
Company registration number 03084346 (England and Wales)
Director Michael John Groves
Registered office address Flat 8, Linden House Barkleys Hill
Bristol
BS16 1FB
SEVORG COMPUTER SERVICES LIMITED
Statement of Financial Position
For the year ended 31 July 2024
2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 8,927 11,886
6 8,927 11,886
Current assets
Debtors 458 654
Cash and cash equivalents 594 2,447
1,051 3,101
Current liabilities
Creditors: Amounts falling due within one year (153,859) (142,669)
Corporation tax payable - (2,184)
(153,859) (144,853)
Net current (liabilities)/assets (152,808) (141,752)
Total assets less current liabilities (143,881) (129,866)
Non-current liabilities
Creditors: Amounts falling due after more than one year (4,271) (8,647)
Provisions for liabilities (644) (644)
Net (liabilities)/assets (148,796) (139,157)
Capital and reserves
Called up share capital 2 2
Retained earnings (148,798) (139,159)
Shareholder's funds (148,796) (139,157)
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 18 May 2026
.............................
Michael John Groves (Director)
Company registration number: 03084346
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-07-31 31 July 2024
2024 2023
£ £
Fixed Assets 8,927 11,886
Current Assets 594 2,447
Prepayments and accrued income 458 654
Creditors: amounts falling due within one year (153,859) (144,853)
Net current assets/(liabilities) (152,808) (141,752)
Total assets less current liabilities (143,881) (129,866)
CREDITORS: Amounts falling due more than one year (4,271) (8,647)
Provisions for liabilities (644) (644)
Net Assets/(liabilities) (148,796) (139,157)
Capital and Reserves (148,796) (139,157)
For the year ending 31/07/2024 the company was entitled to exemption 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. For the year ending 31-07-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 18 May 2026 2026-05-18 and signed on behalf of the board,
.............................
Michael John Groves
Director
Company registration number: 03084346
SEVORG COMPUTER SERVICES LIMITED
Notes to the Financial Statements
For the year ended 31 July 2024
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Flat 8, Linden House Barkleys Hill, Bristol, BS16 1FB.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.

(3) Significant Accounting Policies
Going Concern
The company was loss making in the year to 31 July 2024 and as such has net current liabilities of £152,808 (2023: £141,752). The director has reviewed the financial position and future prospects of the business and has given consideration to the wider economic environment. Since the year end the director continues to introduce additional cash and is confident that there will be an increase in trade going forwards but understands there is uncertainty in this assumption. Until the company begins to generate sufficient profits the director has confirmed his willingness to provide financial support to allow the company to settle its debts as they fall due. Accordingly the accounts are prepared on a going concern basis.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Taxation
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.

Current and deferred tax is charged or credited to profit or loss.

Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously.

Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Office equipment - 15% reducing balance
Computer equipment - 33% straight line
Motor vehicles - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(6) Fixed assets
Tangible

£
Cost
As at 01 August 202366,441
As at 31 July 202466,441
Depreciation/Amortisation
As at 01 August 202354,555
For the year2,959
As at 31 July 202457,514
Net book value
As at 31 July 20248,927
As at 31 July 202311,886