SEA BREEZES LIMITED

Company Registration Number:
SC293831 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

SEA BREEZES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

SEA BREEZES LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 117,829 128,059
Investments:   0 0
Total fixed assets: 117,829 128,059
Current assets
Stocks: 6,000 6,000
Debtors:   172,401 204,943
Cash at bank and in hand: 21,760 77,390
Investments:   0 0
Total current assets: 200,161 288,333
Creditors: amounts falling due within one year:   (75,514) (124,001)
Net current assets (liabilities): 124,647 164,332
Total assets less current liabilities: 242,476 292,391
Creditors: amounts falling due after more than one year:   (150,623) (210,661)
Provision for liabilities: (6,362) (10,137)
Total net assets (liabilities): 85,491 71,593
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 85,291 71,393
Shareholders funds: 85,491 71,593

The notes form part of these financial statements

SEA BREEZES LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: N MacNeil
Status: Director

The notes form part of these financial statements

SEA BREEZES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of food and beverages, and excludes value added tax. Turnover is recognised when the goods have been provided.

Tangible fixed assets and depreciation policy

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:Land & buildings10% straight linePlant & machinery25% reducing balanceMotor vehicles25% reducing balanceFixtures & fittings15% reducing balance

Other accounting policies

InventoriesRaw materials and consumables have been valued at the lower of cost and net realisable value. Cost is based on the purchase cost on a first-in, first-out basis.Deferred taxationDeferred 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.

SEA BREEZES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 17 19

SEA BREEZES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 332,063
Additions 15,044
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 347,107
Depreciation
At 01 January 2022 204,004
Charge for year 25,274
On disposals 0
Other adjustments 0
At 31 December 2022 229,278
Net book value
At 31 December 2022 117,829
At 31 December 2021 128,059

SEA BREEZES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Loans to directors

Name of director receiving advance or credit: N MacNeil
Description of the loan: Advance to director
£
Balance at 01 January 2022 127,269
Advances or credits made: 194,952
Advances or credits repaid: 152,313
Balance at 31 December 2022 169,908

SEA BREEZES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Related party transactions

Name of the related party:
Relationship:
Directors
Description of the Transaction: N MacNeil and D MacLeod - A partnership owned by the directors of the Company charged and received rent in the year to 31 December 2022 of £24,000 (2021 - £24,000).N MacNeil, Director - N MacNeil received a dividend of £120,000 in the year to 31 December 2022 (2021 - £120,000).
£
Balance at 01 January 2022 0
Balance at 31 December 2022 0