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REGISTERED NUMBER: 01750011 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Consortium Sea Company Limited

Consortium Sea Company Limited (Registered number: 01750011)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Consortium Sea Company Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs P A Baker
J Caul





SECRETARY: Mrs P A Baker





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 01750011 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Consortium Sea Company Limited (Registered number: 01750011)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,228 306

CURRENT ASSETS
Debtors 5 176,361 142,406
Cash at bank and in hand 315,516 237,430
491,877 379,836
CREDITORS
Amounts falling due within one
year

6

216,581

158,991
NET CURRENT ASSETS 275,296 220,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,524

221,151

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 276,514 221,141
SHAREHOLDERS' FUNDS 276,524 221,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





Mrs P A Baker - Director


Consortium Sea Company Limited (Registered number: 01750011)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Consortium Sea Company 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 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Consortium Sea Company Limited (Registered number: 01750011)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 15,534 576 7,233 23,343
Additions - - 1,155 1,155
Disposals (15,534 ) (576 ) (4,636 ) (20,746 )
At 30 June 2023 - - 3,752 3,752
DEPRECIATION
At 1 July 2022 15,534 576 6,927 23,037
Charge for year - - 233 233
Eliminated on disposal (15,534 ) (576 ) (4,636 ) (20,746 )
At 30 June 2023 - - 2,524 2,524
NET BOOK VALUE
At 30 June 2023 - - 1,228 1,228
At 30 June 2022 - - 306 306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 170,164 137,499
Other debtors 6,197 4,907
176,361 142,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 113,667 93,328
Taxation and social security 82,746 44,361
Other creditors 20,168 21,302
216,581 158,991

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P A Baker by virtue of her 100% interest in the ordinary share capital of the company.

9. SECURITY

Barclays Bank PLC hold a charge over credit balances dated 28/08/1996