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REGISTERED NUMBER: 07280790 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Cheshire Seals and Components Limited

Cheshire Seals and Components Limited (Registered number: 07280790)






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




Page

Company Information 1

Chartered Accountant's Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Cheshire Seals and Components Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Paul Leonard Wallace
David Kennedy





REGISTERED OFFICE: Unit 18 Birch Court Grosvenor Grange
Woolston
Warrington
WA1 4GD





REGISTERED NUMBER: 07280790 (England and Wales)





ACCOUNTANT: Susan Ellison
30 Whitchurch Close
Padgate
Warrington
Cheshire
WA1 4JZ

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Cheshire Seals and Components Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Cheshire Seals and Components Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), I are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cheshire Seals and Components Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Cheshire Seals and Components Limited and state those matters that I have agreed to state to the Board of Directors of Cheshire Seals and Components Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Cheshire Seals and Components Limited and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Cheshire Seals and Components 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 loss of Cheshire Seals and Components Limited. You consider that Cheshire Seals and Components Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Cheshire Seals and Components Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Susan Ellison
30 Whitchurch Close
Padgate
Warrington
Cheshire
WA1 4JZ


21 February 2024

Cheshire Seals and Components Limited (Registered number: 07280790)

Balance Sheet
30 September 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,777 95,591

CURRENT ASSETS
Stocks 49,187 45,876
Debtors 5 130,992 244,948
Cash at bank and in hand 162,978 151,304
343,157 442,128
CREDITORS
Amounts falling due within one year 6 96,864 173,135
NET CURRENT ASSETS 246,293 268,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,070

364,584

CREDITORS
Amounts falling due after more than
one year

7

17,365

27,442
NET ASSETS 289,705 337,142

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 289,703 337,140
SHAREHOLDERS' FUNDS 289,705 337,142

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

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

Cheshire Seals and Components Limited (Registered number: 07280790)

Balance Sheet - continued
30 September 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 21 February 2024 and were signed on its behalf by:




David Kennedy - Director



Paul Leonard Wallace - Director


Cheshire Seals and Components Limited (Registered number: 07280790)

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

1. STATUTORY INFORMATION

Cheshire Seals and Components 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.

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 etc - 33% on cost and 10% 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 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.

Cheshire Seals and Components Limited (Registered number: 07280790)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

Cheshire Seals and Components Limited (Registered number: 07280790)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 489,587
Additions 3,088
At 30 September 2023 492,675
DEPRECIATION
At 1 October 2022 393,996
Charge for year 37,902
At 30 September 2023 431,898
NET BOOK VALUE
At 30 September 2023 60,777
At 30 September 2022 95,591

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 306,996
DEPRECIATION
At 1 October 2022 228,235
Charge for year 27,661
At 30 September 2023 255,896
NET BOOK VALUE
At 30 September 2023 51,100
At 30 September 2022 78,761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 100,471 241,333
Other debtors 30,521 3,615
130,992 244,948

Cheshire Seals and Components Limited (Registered number: 07280790)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Bank loans and overdrafts 10,077 9,829
Finance leases - 13,831
Trade creditors 45,040 39,810
Taxation and social security 38,800 58,871
Other creditors 2,947 50,794
96,864 173,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/9/23 30/9/22
£    £   
Bank loans 17,365 27,442

8. OTHER FINANCIAL COMMITMENTS

As at 30 September 2023 the company had annual commitments under non-cancellable operating leases as follows:

Operating leases which expire within two and five years £40,594 (2022 - £39,040)

9. ULTIMATE CONTROLLING PARTY

The controlling party is the Directors.