Sept Group Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10406256 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2023

for

Sept Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Yuan

SECRETARY:

REGISTERED OFFICE:

35 Scrutton St.

London

EC2A 4HU

REGISTERED NUMBER:

10406256 (England and Wales)

ACCOUNTANTS:

Kim Accountancy & Co.

Chartered Certified Accountants

132 The Chase

Wallington

Surrey

SM6 8JS

FIXED ASSETS

Tangible assets

4

54,694

25,829

CURRENT ASSETS

Stocks

10,635

10,880

Debtors

5

167,688

90,942

Cash at bank and in hand

394,513

339,468

572,836

441,290

CREDITORS

Amounts falling due within one year

6

216,172

208,778

NET CURRENT ASSETS

356,664

232,512

TOTAL ASSETS LESS CURRENT LIABILITIES

411,358

258,341

CREDITORS

Amounts falling due after more than one year

7

25,024

36,368

NET ASSETS

386,334

221,973

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

386,234

221,873

386,334

221,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 March 2024 and were signed by:

J Yuan - Director

1.	STATUTORY INFORMATION

Sept Group 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 30 (2022 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2022

48,065

Additions

41,935

At 31 October 2023

90,000

DEPRECIATION

At 1 November 2022

22,236

Charge for year

13,070

At 31 October 2023

35,306

NET BOOK VALUE

At 31 October 2023

54,694

At 31 October 2022

25,829

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade debtors

24,188

2,442

Other debtors

143,500

88,500

167,688

90,942

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Payments on account

21,526

-

Trade creditors

50,128

40,229

Taxation and social security

73,751

107,469

Other creditors

70,767

61,080

216,172

208,778

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.23

31.10.22

£

£

Bank loans

25,024

36,368