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REGISTERED NUMBER: 12385983 (England and Wales)











Unaudited Financial Statements

for the Period 1 February 2022 to 31 March 2023

for

Seaspray Developments Ltd

Seaspray Developments Ltd (Registered number: 12385983)

Contents of the Financial Statements
for the Period 1 February 2022 to 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Seaspray Developments Ltd

Company Information
for the Period 1 February 2022 to 31 March 2023







DIRECTORS: Mrs J C Oliver
B W Oliver





REGISTERED OFFICE: 12 Tillingdown Lane
Caterham
CR3 6RU





REGISTERED NUMBER: 12385983 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Seaspray Developments Ltd (Registered number: 12385983)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 - 192,454
Debtors 5 539 964
Cash at bank 169,797 3,112
170,336 196,530
CREDITORS
Amounts falling due within one year 6 (85,673 ) (183,983 )
NET CURRENT ASSETS 84,663 12,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,663

12,547

CREDITORS
Amounts falling due after more than one
year

7

-

(20,000

)
NET ASSETS/(LIABILITIES) 84,663 (7,453 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 84,661 (7,455 )
84,663 (7,453 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2023 and were signed on its behalf by:





B W Oliver - Director


Seaspray Developments Ltd (Registered number: 12385983)

Notes to the Financial Statements
for the Period 1 February 2022 to 31 March 2023


1. STATUTORY INFORMATION

Seaspray Developments Ltd 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.

The accounting period has been extended by two months to bring it in line with the tax year. As a result, the comparative amounts presented in the financial statements (including the notes) are not entirely comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government grants
Grants comprise amounts paid on behalf of the company under a Business Interruption Loan Agreement and are recognised in the Income Statement once the relevant performance conditions have been met.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. STOCKS
2023 2022
£    £   
Stocks - 192,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 318 670
Prepayments 221 294
539 964

Seaspray Developments Ltd (Registered number: 12385983)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans - 5,000
Tax 19,859 -
Social security and other taxes 407 -
Directors' loan accounts 65,407 178,983
85,673 183,983

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 10,000
- 20,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2023 and the year ended 31 January 2022:

2023 2022
£    £   
B W Oliver
Balance outstanding at start of period (77,625 ) (313 )
Amounts advanced 50,000 -
Amounts repaid (19,256 ) (77,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (46,881 ) (77,625 )

Mrs J C Oliver
Balance outstanding at start of period (101,358 ) (101,046 )
Amounts advanced 368,196 -
Amounts repaid (285,364 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (18,526 ) (101,358 )

The above loans are unsecured, repayable on demand and interest free.