The SEO Works Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06845547 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

THE SEO WORKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Margetts

Mrs S G Margetts

N D Palmer

A K Hill

J E J Corry

B M Foster

REGISTERED OFFICE:

Metis 1

1 Scotland Street

SHEFFIELD

S3 7AT

REGISTERED NUMBER:

06845547 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Intangible assets

4

39,850

39,850

Tangible assets

5

6,799

5,231

46,649

45,081

CURRENT ASSETS

Debtors

6

403,601

252,177

Cash at bank

364,501

218,909

768,102

471,086

CREDITORS

Amounts falling due within one year

7

325,114

144,518

NET CURRENT ASSETS

442,988

326,568

TOTAL ASSETS LESS CURRENT LIABILITIES

489,637

371,649

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

69,141

69,141

Retained earnings

420,396

302,408

SHAREHOLDERS' FUNDS

489,637

371,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 June 2020 and were signed on its behalf by:

N D Palmer - Director

1.	STATUTORY INFORMATION

The SEO Works Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at the

lower of cost less any accumulated amortisation and any accumulated impairment losses, and valuation.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,

over their expected useful economic life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost, 33% on cost, 25% on reducing balance and at varying rates on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2019 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 April 2019

and 31 March 2020

39,850

NET BOOK VALUE

At 31 March 2020

39,850

At 31 March 2019

39,850

Cost or valuation at 31 March 2020 is represented by:

Other

intangible

assets

£

Valuation in 2019

39,850

Domains held are revalued annually to their current market value by the Directors.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

21,712

Additions

3,537

At 31 March 2020

25,249

DEPRECIATION

At 1 April 2019

16,481

Charge for year

1,969

At 31 March 2020

18,450

NET BOOK VALUE

At 31 March 2020

6,799

At 31 March 2019

5,231

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

310,107

239,260

Other debtors

93,494

12,917

403,601

252,177

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

8,709

9,073

Taxation and social security

306,113

117,009

Other creditors

10,292

18,436

325,114

144,518

8.

RESERVES

Revaluation

reserve

£

At 1 April 2019

and 31 March 2020

69,141

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the Director's Current Account of Mr N D Palmer continued to be overdrawn. Advances of

£262,337 and repayments of £220,189 were made during the year. The maximum loan balance outstanding

during the year was £106,264. The loan balance outstanding at the year end was £54,965 and is included within

'Other Debtors'.. No interest was charged on the loan and there are no set repayment terms.

During the year, the Director's Current Account of Mr S J Margetts and Mrs S G Margetts became overdrawn.

Advances of £255,616 and repayments of £220,189 were made during the year. The maximum loan balance

outstanding during the year was £83,987. The loan balance outstanding at the year end was £32,678 and is

included within 'Other Debtors'.. No interest was charged on the loan and there are no set repayment terms.

During the year, the Director's Current Account of Mr B Foster became overdrawn. Advances of £30,666 and

repayments of £24,466 were made during the year. The maximum loan balance outstanding during the year was

£11,442. The loan balance outstanding at the year end was £5,742 and is included within 'Other Debtors'.. No

interest was charged on the loan and there are no set repayment terms.

During the year, the Director's Current Account of Mr J Corry became overdrawn. Advances of £26,921 and

repayments of £26,921 were made during the year. The maximum loan balance outstanding during the year was

£6,627. The loan balance outstanding at the year end was £nil. No interest was charged on the loan and there are

no set repayment terms.

During the year, the Director's Current Account of Mr A Hill became overdrawn. Advances of £58,941 and

repayments of £58,941 were made during the year. The maximum loan balance outstanding during the year was

£17,270. The loan balance outstanding at the year end was £nil. No interest was charged on the loan and there

are no set repayment terms.