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REGISTERED NUMBER: 13495125 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST AUGUST 2022 TO 31ST AUGUST 2023

FOR

SEAL ASSURED ROOFING LTD

SEAL ASSURED ROOFING LTD (REGISTERED NUMBER: 13495125)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2022 TO 31ST AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEAL ASSURED ROOFING LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST AUGUST 2022 TO 31ST AUGUST 2023







DIRECTORS: E L McCarthy
T Mccarthy





REGISTERED OFFICE: 5 Diana Way
Burton Latimer
Kettering
NN15 5RD





REGISTERED NUMBER: 13495125 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

SEAL ASSURED ROOFING LTD (REGISTERED NUMBER: 13495125)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,390 29,616

CURRENT ASSETS
Debtors 5 80,627 15,765
Cash at bank 38,452 6,901
119,079 22,666
CREDITORS
Amounts falling due within one year 6 142,879 51,950
NET CURRENT LIABILITIES (23,800 ) (29,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,590

332

PROVISIONS FOR LIABILITIES 8,097 -
NET ASSETS 493 332

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 393 232
SHAREHOLDERS' FUNDS 493 332

SEAL ASSURED ROOFING LTD (REGISTERED NUMBER: 13495125)

BALANCE SHEET - continued
31ST AUGUST 2023


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:





T Mccarthy - Director


SEAL ASSURED ROOFING LTD (REGISTERED NUMBER: 13495125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2022 TO 31ST AUGUST 2023


1. STATUTORY INFORMATION

Seal Assured Roofing 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 financial statements have been prepared on a going concern basis not withstanding that at 30th June 2023 the company had net current liabilities of £23,800. The director believes this basis to be appropriate and has agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SEAL ASSURED ROOFING LTD (REGISTERED NUMBER: 13495125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2022 TO 31ST AUGUST 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2022 233 38,000 1,026 39,259
Additions 2,690 10,000 2,006 14,696
At 31st August 2023 2,923 48,000 3,032 53,955
DEPRECIATION
At 1st August 2022 58 9,500 85 9,643
Charge for period 674 10,219 1,029 11,922
At 31st August 2023 732 19,719 1,114 21,565
NET BOOK VALUE
At 31st August 2023 2,191 28,281 1,918 32,390
At 31st July 2022 175 28,500 941 29,616

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,612 2,238
Other debtors 39,015 13,527
80,627 15,765

SEAL ASSURED ROOFING LTD (REGISTERED NUMBER: 13495125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2022 TO 31ST AUGUST 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,102 -
Taxation and social security 130,376 50,750
Other creditors 1,401 1,200
142,879 51,950

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the amount due to the company from the directors was £29,170 (2022: £10,035. Interest has been charged on the loan advanced at the official HMRC interest rate and there are no repayment terms in place.

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.