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REGISTERED NUMBER: 01191770 (England and Wales)












SEMINAR COMPONENTS (U.K.) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






SEMINAR COMPONENTS (U.K.) LIMITED (REGISTERED NUMBER: 01191770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SEMINAR COMPONENTS (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: J Phillipart
S R P Hale
P J Lempriere



SECRETARY: P J Lempriere



REGISTERED OFFICE: Unit 1A
Cwmdu Industrial Estate
Carmarthen Road
Swansea
West Glamorgan
SA5 8JF



REGISTERED NUMBER: 01191770 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Langdon House
Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY



BANKERS: Lloyds TSB
PO Box 66
802 Oxford Street
Swansea
SA1 3AF

SEMINAR COMPONENTS (U.K.) LIMITED (REGISTERED NUMBER: 01191770)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 472,751 603,996

CURRENT ASSETS
Stocks 694,229 713,740
Debtors 5 774,097 763,027
Cash at bank and in hand 1,778,097 1,601,643
3,246,423 3,078,410
CREDITORS
Amounts falling due within one year 6 1,146,497 1,161,669
NET CURRENT ASSETS 2,099,926 1,916,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,572,677

2,520,737

CREDITORS
Amounts falling due after more than one
year

7

(189,500

)

(266,578

)

PROVISIONS FOR LIABILITIES (65,281 ) (94,238 )
NET ASSETS 2,317,896 2,159,921

CAPITAL AND RESERVES
Called up share capital 57,100 57,100
Share premium 13,350 13,350
Retained earnings 2,247,446 2,089,471
SHAREHOLDERS' FUNDS 2,317,896 2,159,921

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

SEMINAR COMPONENTS (U.K.) LIMITED (REGISTERED NUMBER: 01191770)

BALANCE SHEET - continued
31 MARCH 2018


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 Board of Directors on 29 October 2018 and were signed on its
behalf by:





S R P Hale - Director


SEMINAR COMPONENTS (U.K.) LIMITED (REGISTERED NUMBER: 01191770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Seminar Components (U.K.) 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Tenant improvements - 10% on cost
Plant and machinery - 10%, 20% and 50% on cost
Fixtures and fittings - 10%, 33% and 50% on cost
Motor vehicles - 33% on cost and 20% on cost

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.


SEMINAR COMPONENTS (U.K.) LIMITED (REGISTERED NUMBER: 01191770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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.

Grants receivable
Capital grants received are credited to the profit and loss account over the useful working life of the
assets. Revenue grants are credited to the profit and loss account on an accruals basis.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and
constructive) resulting from a past event that will probably result in the transfer of funds to a third party
and the amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowing for any trade discounts
due.

Warranty provisions
The company provides warranties at the time of sale to purchasers of its products. The company
includes a provision for warranties in the financial statements and the movement year on year is
debited/ credited to the profit and loss account. Once warranties expire, the provision is released to the
profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 90 (2017 - 91 ) .

SEMINAR COMPONENTS (U.K.) LIMITED (REGISTERED NUMBER: 01191770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 4,861 2,894,772 2,899,633
Additions - 95,402 95,402
At 31 March 2018 4,861 2,990,174 2,995,035
DEPRECIATION
At 1 April 2017 4,861 2,290,776 2,295,637
Charge for year - 226,647 226,647
At 31 March 2018 4,861 2,517,423 2,522,284
NET BOOK VALUE
At 31 March 2018 - 472,751 472,751
At 31 March 2017 - 603,996 603,996

The NBV of assets on hire purchase is £330,225 (2017 £364,261)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 769,824 755,326
Other debtors 4,273 7,701
774,097 763,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 132,224 102,170
Trade creditors 312,690 245,437
Amounts owed to group undertakings - 55,000
Taxation and social security 652,246 724,056
Other creditors 49,337 35,006
1,146,497 1,161,669

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 189,500 266,578

SEMINAR COMPONENTS (U.K.) LIMITED (REGISTERED NUMBER: 01191770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. OTHER FINANCIAL COMMITMENTS

At 31 March 2018, the company had total operating lease commitments over the remaining life of
those leases of £573,274.

9. RELATED PARTY DISCLOSURES

Amounts owed to/ by group undertakings relate to balances with Seminar Components Holdings
Limited, the parent company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Seminar Components Holdings Limited.

The ultimate controlling party is S R P Hale.

SEMINAR COMPONENTS (U.K.) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SEMINAR COMPONENTS (U.K.) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Directors are not required to be filed with the
Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bevan Buckland LLP
Chartered Accountants
Langdon House
Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY


29 October 2018