Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Deborah Chambers 24/06/2005 Martin Chambers 06/04/2010 23 January 2024 The principal activity of the Company during the financial year was recreational education. 05472734 2023-06-30 05472734 bus:Director1 2023-06-30 05472734 bus:Director2 2023-06-30 05472734 2022-06-30 05472734 core:CurrentFinancialInstruments 2023-06-30 05472734 core:CurrentFinancialInstruments 2022-06-30 05472734 core:ShareCapital 2023-06-30 05472734 core:ShareCapital 2022-06-30 05472734 core:RetainedEarningsAccumulatedLosses 2023-06-30 05472734 core:RetainedEarningsAccumulatedLosses 2022-06-30 05472734 core:OfficeEquipment 2022-06-30 05472734 core:OfficeEquipment 2023-06-30 05472734 2022-07-01 2023-06-30 05472734 bus:FilletedAccounts 2022-07-01 2023-06-30 05472734 bus:SmallEntities 2022-07-01 2023-06-30 05472734 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05472734 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05472734 bus:Director1 2022-07-01 2023-06-30 05472734 bus:Director2 2022-07-01 2023-06-30 05472734 core:OfficeEquipment core:TopRangeValue 2022-07-01 2023-06-30 05472734 2021-07-01 2022-06-30 05472734 core:OfficeEquipment 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 05472734 (England and Wales)

SEA YOUR DREAMS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

SEA YOUR DREAMS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

SEA YOUR DREAMS LIMITED

BALANCE SHEET

As at 30 June 2023
SEA YOUR DREAMS LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,585 2,061
2,585 2,061
Current assets
Debtors 4 64 14,197
Cash at bank and in hand 66,524 61,032
66,588 75,229
Creditors: amounts falling due within one year 5 ( 44,155) ( 33,301)
Net current assets 22,433 41,928
Total assets less current liabilities 25,018 43,989
Net assets 25,018 43,989
Capital and reserves
Called-up share capital 2 2
Profit and loss account 25,016 43,987
Total shareholders' funds 25,018 43,989

For the financial 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.

Directors' responsibilities:

The financial statements of Sea Your Dreams Limited (registered number: 05472734) were approved and authorised for issue by the Board of Directors on 23 January 2024. They were signed on its behalf by:

Deborah Chambers
Director
SEA YOUR DREAMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
SEA YOUR DREAMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sea Your Dreams Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
Towngate House
2 - 8 Parkstone Road
Poole
Dorset
BH15 2PW

The principle place of business is:

31 Greenway
Ashbourne
Derbyshire
DE6 1EF

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Sea Your Dreams Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 July 2022 9,038 9,038
Additions 1,300 1,300
At 30 June 2023 10,338 10,338
Accumulated depreciation
At 01 July 2022 6,977 6,977
Charge for the financial year 776 776
At 30 June 2023 7,753 7,753
Net book value
At 30 June 2023 2,585 2,585
At 30 June 2022 2,061 2,061

4. Debtors

2023 2022
£ £
Trade debtors 0 14,133
Other debtors 64 64
64 14,197

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 2,635
Taxation and social security 9,635 10,018
Other creditors 34,520 20,648
44,155 33,301