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Company Registration No. 08004943 (England and Wales)
Sea Blue Technologies Limited Unaudited accounts for the period from 1 April 2022 to 31 July 2022
Sea Blue Technologies Limited Unaudited accounts Contents
Page
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Sea Blue Technologies Limited Company Information for the period from 1 April 2022 to 31 July 2022
Directors
Mr Selvaganesan Ramanathan Mrs Geetha Selvaganesan
Company Number
08004943 (England and Wales)
Registered Office
34 Wroxham Avenue Hemel Hempstead Hertfordshire HP3 9HF United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Sea Blue Technologies Limited Statement of financial position as at 31 July 2022
31/07/2022 
31/03/2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
498 
Current assets
Cash at bank and in hand
21,140 
25,157 
Creditors: amounts falling due within one year
(512)
(44)
Net current assets
20,628 
25,113 
Total assets less current liabilities
20,628 
25,611 
Provisions for liabilities
Deferred tax
- 
(95)
Net assets
20,628 
25,516 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
20,608 
25,496 
Shareholders' funds
20,628 
25,516 
For the period ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2022 and were signed on its behalf by
Mr Selvaganesan Ramanathan Director Company Registration No. 08004943
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Sea Blue Technologies Limited Notes to the Accounts for the period from 1 April 2022 to 31 July 2022
1
Statutory information
Sea Blue Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 08004943. The registered office is 34 Wroxham Avenue, Hemel Hempstead, Hertfordshire, HP3 9HF, United Kingdom. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Going concern
Sea Blue Technologies ceased trading on 31st July 2022.
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Sea Blue Technologies Limited Notes to the Accounts for the period from 1 April 2022 to 31 July 2022
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
2,950 
Disposals
(2,950)
At 31 July 2022
- 
Depreciation
At 1 April 2022
2,452 
On disposals
(2,452)
At 31 July 2022
- 
Net book value
At 31 July 2022
- 
At 31 March 2022
498 
5
Share capital
31/07/2022 
31/03/2022 
£ 
£ 
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20 
20 
6
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mrs Selvaganesan was £8, a movement of £Nil from the £8 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the period the average number of employees was 2 (31/03/2022: 2).
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