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REGISTERED NUMBER: 03546153 (England and Wales)











Financial Statements

for the Year Ended 30 June 2023

for

Seals Fodder Room Limited

Seals Fodder Room Limited (Registered number: 03546153)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seals Fodder Room Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs A Knowles
Mrs C A Walters





SECRETARY: Mrs C A Walters





REGISTERED OFFICE: The Mill
High Street
Swanwick
Derbyshire
DE55 1AA





REGISTERED NUMBER: 03546153 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

Seals Fodder Room Limited (Registered number: 03546153)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,695 117,249

CURRENT ASSETS
Stocks 5 178,285 152,276
Debtors 6 138,386 142,763
Cash at bank and in hand 281,756 300,230
598,427 595,269
CREDITORS
Amounts falling due within one year 7 305,511 351,760
NET CURRENT ASSETS 292,916 243,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,611

360,758

PROVISIONS FOR LIABILITIES 17,941 19,152
NET ASSETS 370,670 341,606

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 500 500
Retained earnings 369,670 340,606
SHAREHOLDERS' FUNDS 370,670 341,606

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

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

Seals Fodder Room Limited (Registered number: 03546153)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

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




Mrs A Knowles - Director



Mrs C A Walters - Director


Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Seals Fodder Room 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost and 20% on cost
Office equipment - 20% on cost

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 15 (2022 - 14 ) .

Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 26,126 27,914 467,072 37,137 558,249
Additions - 400 29,500 2,487 32,387
Disposals - - (24,365 ) - (24,365 )
At 30 June 2023 26,126 28,314 472,207 39,624 566,271
DEPRECIATION
At 1 July 2022 25,555 23,483 366,161 25,801 441,000
Charge for year 223 1,355 49,328 3,034 53,940
Eliminated on disposal - - (24,364 ) - (24,364 )
At 30 June 2023 25,778 24,838 391,125 28,835 470,576
NET BOOK VALUE
At 30 June 2023 348 3,476 81,082 10,789 95,695
At 30 June 2022 571 4,431 100,911 11,336 117,249

The net book value of tangible fixed assets includes £NIL (2022 - £ 18,445 ) in respect of assets held under hire purchase contracts.

5. STOCKS
2023 2022
£    £   
Raw materials and consumables 12,382 12,364
Finished goods 165,903 139,912
178,285 152,276

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120,797 126,356
Other debtors 17,589 16,407
138,386 142,763

Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 16,000
Trade creditors 216,624 234,176
Taxation and social security 14,673 3,054
Other creditors 74,214 98,530
305,511 351,760

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 16,000

Amounts outstanding on hire-purchase contracts are secured on the individual assets to which the contracts relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary £1 500 500