Seriously Internet Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09677317 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Seriously Internet Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

1,751

889

CURRENT ASSETS

Debtors

5

40,975

6,274

Cash at bank

105,204

36,889

146,179

43,163

CREDITORS

Amounts falling due within one year

6

107,436

21,536

NET CURRENT ASSETS

38,743

21,627

TOTAL ASSETS LESS CURRENT LIABILITIES

40,494

22,516

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

40,394

22,416

SHAREHOLDERS' FUNDS

40,494

22,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 2018 and were signed by:

Mrs C Joshi - Director

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.

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2016

1,185

Additions

1,470

At 31 July 2017

2,655

DEPRECIATION

At 1 August 2016

296

Charge for year

608

At 31 July 2017

904

NET BOOK VALUE

At 31 July 2017

1,751

At 31 July 2016

889

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

38,310

4,988

Other debtors

2,665

1,286

40,975

6,274

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

82,087

9,940

Taxation and social security

28,349

10,116

Other creditors

(3,000

)

1,480

107,436

21,536