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REGISTERED NUMBER: 13065156 (England and Wales)















Unaudited Financial Statements

for the Period 6 December 2020 to 31 December 2021

for

Seaglass Gallery Ltd

Seaglass Gallery Ltd (Registered number: 13065156)






Contents of the Financial Statements
for the Period 6 December 2020 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seaglass Gallery Ltd

Company Information
for the Period 6 December 2020 to 31 December 2021







DIRECTORS: B J Ellis
Mrs C K Ellis





REGISTERED OFFICE: 6 Brookfield Cottages
The Strand
Lympstone
Exmouth
Devon
EX8 5ES





REGISTERED NUMBER: 13065156 (England and Wales)





ACCOUNTANTS: Clare Lillington BSc (Hons) FMAAT
Raddon
Station Hill
Chudleigh
Newton Abbot
Devon
TQ13 0EE

Seaglass Gallery Ltd (Registered number: 13065156)

Balance Sheet
31 December 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,738

CURRENT ASSETS
Debtors 5 65
Cash at bank 9,046
9,111
CREDITORS
Amounts falling due within one year 6 12,755
NET CURRENT LIABILITIES (3,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,094

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 1,994
SHAREHOLDERS' FUNDS 2,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

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 Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





Mrs C K Ellis - Director


Seaglass Gallery Ltd (Registered number: 13065156)

Notes to the Financial Statements
for the Period 6 December 2020 to 31 December 2021

1. STATUTORY INFORMATION

Seaglass Gallery Ltd 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

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

Seaglass Gallery Ltd (Registered number: 13065156)

Notes to the Financial Statements - continued
for the Period 6 December 2020 to 31 December 2021

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
Additions 5,164 672 5,836
At 31 December 2021 5,164 672 5,836
DEPRECIATION
Charge for period - 98 98
At 31 December 2021 - 98 98
NET BOOK VALUE
At 31 December 2021 5,164 574 5,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 65

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,136
Taxation and social security 333
Other creditors 10,286
12,755