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COMPANY REGISTRATION NUMBER: 10232770
Seal Business Development Limited
Filleted Unaudited Financial Statements
30 June 2023
Seal Business Development Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Officers and professional advisers
1
Report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Seal Business Development Limited
Officers and Professional Advisers
Director
M L Quitmann
Registered office
17-19 Station Road West
Oxted
Surrey
RH8 9EE
Accountants
Baulf-James
Chartered accountants
17-19 Station Road West
Oxted
Surrey
RH8 9EE
Seal Business Development Limited
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Seal Business Development Limited
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seal Business Development Limited for the year ended 30 June 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Seal Business Development Limited in accordance with the terms of our engagement letter dated 22 June 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Seal Business Development Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seal Business Development Limited and its director for our work or for this report.
It is your duty to ensure that Seal Business Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seal Business Development Limited. You consider that Seal Business Development Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Seal Business Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Baulf-James Chartered accountants
17-19 Station Road West Oxted Surrey RH8 9EE
19 October 2023
Seal Business Development Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,429
955
Current assets
Debtors
6
27,846
29,353
Cash at bank and in hand
57,480
97,584
--------
---------
85,326
126,937
Creditors: amounts falling due within one year
7
49,502
69,524
--------
---------
Net current assets
35,824
57,413
--------
--------
Total assets less current liabilities
37,253
58,368
--------
--------
Net assets
37,253
58,368
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
37,153
58,268
--------
--------
Shareholders funds
37,253
58,368
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 October 2023 , and are signed on behalf of the board by:
M L Quitmann
Director
Company registration number: 10232770
Seal Business Development Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17-19 Station Road West, Oxted, Surrey, RH8 9EE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Corporation tax
The corporation tax expense represents the aggregate amount of current tax due in the reporting period.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 July 2022
4,526
Additions
1,204
-------
At 30 June 2023
5,730
-------
Depreciation
At 1 July 2022
3,571
Charge for the year
730
-------
At 30 June 2023
4,301
-------
Carrying amount
At 30 June 2023
1,429
-------
At 30 June 2022
955
-------
6. Debtors
2023
2022
£
£
Trade debtors
27,846
29,033
Other debtors
320
--------
--------
27,846
29,353
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,751
Accruals and deferred income
2,575
2,500
Corporation tax
19,506
5,494
Social security and other taxes
698
Director loan accounts
26,723
26,429
Other creditors
31,350
--------
--------
49,502
69,524
--------
--------
8. Related party transactions
M Quitmann is the director and majority shareholder.