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REGISTERED NUMBER: 03979466 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

SEALTITE GROUP LIMITED

SEALTITE GROUP LIMITED (REGISTERED NUMBER: 03979466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEALTITE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: G Cherry
K R J Grassby





SECRETARY: G Cherry





REGISTERED OFFICE: 16-18 Kennet Road
Dartford
Kent
DA1 4QN





REGISTERED NUMBER: 03979466 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

SEALTITE GROUP LIMITED (REGISTERED NUMBER: 03979466)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Investments 4 336,930 336,930
Investment property 5 625,291 625,291
962,221 962,221

CURRENT ASSETS
Debtors 6 536,971 737,962
Cash at bank 642,546 450,381
1,179,517 1,188,343
CREDITORS
Amounts falling due within one year 7 (19,310 ) (82,901 )
NET CURRENT ASSETS 1,160,207 1,105,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,122,428

2,067,663

CREDITORS
Amounts falling due after more than one
year

8

(921,961

)

(986,495

)
NET ASSETS 1,200,467 1,081,168

CAPITAL AND RESERVES
Called up share capital 24,960 24,960
Retained earnings 1,175,507 1,056,208
1,200,467 1,081,168

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SEALTITE GROUP LIMITED (REGISTERED NUMBER: 03979466)

BALANCE SHEET - continued
30 APRIL 2023


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 31 October 2023 and were signed on its behalf by:




G Cherry - Director



K R J Grassby - Director


SEALTITE GROUP LIMITED (REGISTERED NUMBER: 03979466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Sealtite Group 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.

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.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 312,000 24,930 336,930
NET BOOK VALUE
At 30 April 2023 312,000 24,930 336,930
At 30 April 2022 312,000 24,930 336,930

SEALTITE GROUP LIMITED (REGISTERED NUMBER: 03979466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 625,291
NET BOOK VALUE
At 30 April 2023 625,291
At 30 April 2022 625,291

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed by joint ventures 536,971 737,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 50,000
Taxation and social security 4,676 28,771
Other creditors 4,634 4,130
19,310 82,901

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 30,466 -
Amounts owed to group undertakings 891,495 986,495
921,961 986,495