Seriously Internet Limited - Accounts to registrar (filleted) - small 18.2

Seriously Internet Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09677317(England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2018

for

Seriously Internet Limited

Seriously Internet Limited (Registered number: 09677317)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seriously Internet Limited

Company Information
for the Year Ended 31 July 2018







DIRECTOR: Mrs C Joshi





SECRETARY:





REGISTERED OFFICE: 04 Whitchurch Parade
Whitchurch Lane
Edgware
Middlesex
HA8 6LR





REGISTERED NUMBER: 09677317(England and Wales)





ACCOUNTANTS: Amity Management Consulting Ltd
Chartered Certified Accountants
04 Whitchurch Parade
Whitchurch Lane
Edgware
Middlesex
HA8 6LR

Seriously Internet Limited (Registered number: 09677317)

Balance Sheet
31 July 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,696 1,751

CURRENT ASSETS
Debtors 5 11,252 40,975
Cash at bank 90,393 105,204
101,645 146,179
CREDITORS
Amounts falling due within one year 6 110,469 107,436
NET CURRENT (LIABILITIES)/ASSETS (8,824 ) 38,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,872

40,494

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 1,772 40,394
SHAREHOLDERS' FUNDS 1,872 40,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 April 2019and were signed by:





Mrs C Joshi- Director


Seriously Internet Limited (Registered number: 09677317)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Seriously Internet 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 cost

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.

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 4(2017 - 1) .

Seriously Internet Limited (Registered number: 09677317)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2017 - 2,655 2,655
Additions 9,294 807 10,101
At 31 July 2018 9,294 3,462 12,756
DEPRECIATION
At 1 August 2017 - 904 904
Charge for year 290 866 1,156
At 31 July 2018 290 1,770 2,060
NET BOOK VALUE
At 31 July 2018 9,004 1,692 10,696
At 31 July 2017 - 1,751 1,751

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade debtors 6,587 38,310
Other debtors 4,665 2,665
11,252 40,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade creditors 104,265 82,087
Taxation and social security 5,053 28,349
Other creditors 1,151 (3,000 )
110,469 107,436

7. RESERVES
Retained
earnings
£   

At 1 August 2017 40,394
Profit for the year 5,330
Dividends (43,952 )
At 31 July 2018 1,772