SEALANT SYSTEMS LTD

Company Registration Number:
05358429 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SEALANT SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

SEALANT SYSTEMS LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 123,015 21,501
Total fixed assets: 123,015 21,501
Current assets
Stocks: 18,536 18,032
Debtors:   213,954 271,266
Cash at bank and in hand: 105,305 60,556
Total current assets: 337,795 349,854
Creditors: amounts falling due within one year: 4 (318,059) (241,929)
Net current assets (liabilities): 19,736 107,925
Total assets less current liabilities: 142,751 129,426
Creditors: amounts falling due after more than one year:   (31,152) (41,642)
Total net assets (liabilities): 111,599 87,784
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 110,599 86,784
Shareholders funds: 111,599 87,784

The notes form part of these financial statements

SEALANT SYSTEMS LTD

Balance sheet statements

For the year ending 31 March 2023 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 12 October 2023
and signed on behalf of the board by:

Name: M N Thomas
Status: Director

The notes form part of these financial statements

SEALANT SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

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

SEALANT SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 12 12

SEALANT SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 60,260
Additions 142,519
At 31 March 2023 202,779
Depreciation
At 01 April 2022 38,759
Charge for year 41,005
At 31 March 2023 79,764
Net book value
At 31 March 2023 123,015
At 31 March 2022 21,501

SEALANT SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Bank overdrafts 7,782Trade creditors 20,116Corporation tax 9,944Other taxation and social security 97,883Obligations under finance lease and hire purchase contracts 128,095Other creditors 51,489Accruals and deferred income 2,750