Company Registration No. 07578888 (England and Wales)
SEALBOND LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
Hertfordshire
WD6 4PJ
SEALBOND LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SEALBOND LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
15,072
14,655
Cash at bank and in hand
878
1,678
15,950
16,333
Creditors: amounts falling due within one year
4
(15,824)
(16,315)
Net current assets
126
18
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
124
16
Total equity
126
18

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 October 2023 and are signed on its behalf by:
N Memery
Director
Company Registration No. 07578888
SEALBOND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Sealbond Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Sobell Rhodes LLP, The Kinetic Centre, Theobald Street, Elstree, Borehamwood, Hertfordshire, United Kingdom, WD6 4PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents fees receivable for the year,

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.5
Taxation
The tax expense represents the sum of tax currently payable
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

SEALBOND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
15,072
14,655
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
12,692
13,244
Other taxation and social security
400
400
Other creditors
2,732
2,671
15,824
16,315
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
6
Directors' transactions
Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
N Memery -
1,400
1,600
(1,400)
1,600
W Memery -
1,400
1,600
(1,400)
1,600
2,800
3,200
(2,800)
3,200
2023-03-312022-04-01false09 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityN MemeryW Memery075788882022-04-012023-03-31075788882023-03-31075788882022-03-3107578888core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3107578888core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3107578888core:CurrentFinancialInstruments2023-03-3107578888core:CurrentFinancialInstruments2022-03-3107578888core:ShareCapital2023-03-3107578888core:ShareCapital2022-03-3107578888core:RetainedEarningsAccumulatedLosses2023-03-3107578888core:RetainedEarningsAccumulatedLosses2022-03-3107578888bus:Director12022-04-012023-03-31075788882021-04-012022-03-3107578888core:WithinOneYear2023-03-3107578888core:WithinOneYear2022-03-3107578888bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107578888bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107578888bus:FRS1022022-04-012023-03-3107578888bus:AuditExemptWithAccountantsReport2022-04-012023-03-3107578888bus:Director22022-04-012023-03-3107578888bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP