Company Registration No. 05007144 (England and Wales)
Seriously Cool Limited
Unaudited accounts
for the year ended 31 July 2022
Seriously Cool Limited
Unaudited accounts
Contents
Seriously Cool Limited
Company Information
for the year ended 31 July 2022
Company Number
05007144 (England and Wales)
Registered Office
8 Chapel Lane
Upavon
Pewsey
SN9 6DY
United Kingdom
Accountants
Melanie Harrison Bookkeeping and Accountancy Services
6 Shakespeare Drive
Marlborough
Wiltshire
SN8 1UF
Seriously Cool Limited
Statement of financial position
as at
31 July 2022
Tangible assets
21,766
16,764
Cash at bank and in hand
584,028
253,645
Creditors: amounts falling due within one year
(314,927)
(705,211)
Net current assets
457,931
51,425
Total assets less current liabilities
479,697
68,189
Provisions for liabilities
Net assets
475,561
68,189
Called up share capital
3
3
Profit and loss account
475,558
68,186
Shareholders' funds
475,561
68,189
For the year ending 31 July 2022 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 2 March 2023 and were signed on its behalf by
C Fraser
Director
Company Registration No. 05007144
Seriously Cool Limited
Notes to the Accounts
for the year ended 31 July 2022
Seriously Cool Limited is a private company, limited by shares, registered in England and Wales, registration number 05007144. The registered office is 8 Chapel Lane, Upavon, Pewsey, SN9 6DY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Seriously Cool Limited
Notes to the Accounts
for the year ended 31 July 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2021
55,742
10,250
2,876
-
68,868
Additions
8,690
-
-
4,014
12,704
At 31 July 2022
64,432
10,250
2,876
4,014
81,572
At 1 August 2021
43,457
5,925
2,722
-
52,104
Charge for the year
5,244
1,081
39
1,338
7,702
At 31 July 2022
48,701
7,006
2,761
1,338
59,806
At 31 July 2022
15,731
3,244
115
2,676
21,766
At 31 July 2021
12,285
4,325
154
-
16,764
Amounts falling due within one year
Trade debtors
161,343
314,603
Accrued income and prepayments
17,487
182,974
Other debtors
10,000
2,000
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
38,339
48,338
Trade creditors
24,193
23,389
Taxes and social security
119,480
12,025
Loans from directors
16,442
30,324
Deferred income
68,143
529,867
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).