REGISTERED NUMBER: 09677317 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

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

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 2019 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.

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 ) .

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