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Registered number: 07677356
SEF Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Lillian Gray Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07677356
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,154 33,122
28,154 33,122
CURRENT ASSETS
Debtors 5 271,362 372,250
Cash at bank and in hand 47,313 5,179
318,675 377,429
Creditors: Amounts Falling Due Within One Year 6 (194,932 ) (52,195 )
NET CURRENT ASSETS (LIABILITIES) 123,743 325,234
TOTAL ASSETS LESS CURRENT LIABILITIES 151,897 358,356
Creditors: Amounts Falling Due After More Than One Year 7 (746 ) (10,746 )
NET ASSETS 151,151 347,610
CAPITAL AND RESERVES
Called up share capital 8 5 5
Profit and Loss Account 151,146 347,605
SHAREHOLDERS' FUNDS 151,151 347,610
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Ms Samantha Faiers
Director
25/05/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
SEF Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07677356 . The registered office is 17 Kingsway, St Johns Terrace, Bedford, MK42 9BJ.
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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. 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: 3 (2024: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2024 45,799 27,063 72,862
Additions - 2,917 2,917
As at 31 May 2025 45,799 29,980 75,779
Depreciation
As at 1 June 2024 29,876 9,864 39,740
Provided during the period 2,388 5,497 7,885
As at 31 May 2025 32,264 15,361 47,625
Net Book Value
As at 31 May 2025 13,535 14,619 28,154
As at 1 June 2024 15,923 17,199 33,122
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 123,123 123,123
Other debtors - S455 Tax 8,545 -
Director's loan account 25,319 10,014
Amounts owed by group undertakings 114,375 239,113
271,362 372,250
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Corporation tax 27,521 20,760
Other taxes and social security 270 -
VAT 20,593 7,163
Other creditors - Amex 28,608 6,832
Accruals and deferred income 7,440 7,440
Amounts owed to group undertakings 100,500 -
194,932 52,195
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 746 10,746
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Ms Samantha Faiers 10,014 230,270 (214,965 ) - 25,319
The above loan is unsecured, interest free and repayable on demand.
During the period, interest of £650 has been charged on the overdrawn loan account at the HMRC official rate of interest.
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