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REGISTERED NUMBER: 06885151 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SEDA AEROSPACE LIMITED

SEDA AEROSPACE LIMITED (REGISTERED NUMBER: 06885151)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SEDA AEROSPACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr S L Collishaw
Mrs N J Collishaw
Mr D Godfrey





REGISTERED OFFICE: Unit 7 Silverdale Industrial Estate
Meadow Road
Worthing
West Sussex
BN11 2RZ





REGISTERED NUMBER: 06885151 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

SEDA AEROSPACE LIMITED (REGISTERED NUMBER: 06885151)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 481,309 495,382

CURRENT ASSETS
Stocks 1,305,445 1,632,315
Debtors 5 361,503 296,583
Investments 6 4,370,878 4,176,074
Cash at bank 4,990,447 3,370,723
11,028,273 9,475,695
CREDITORS
Amounts falling due within one year 7 (443,268 ) (417,608 )
NET CURRENT ASSETS 10,585,005 9,058,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,066,314

9,553,469

PROVISIONS FOR LIABILITIES (32,698 ) -
NET ASSETS 11,033,616 9,553,469

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 11,033,216 9,553,069
SHAREHOLDERS' FUNDS 11,033,616 9,553,469

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.

SEDA AEROSPACE LIMITED (REGISTERED NUMBER: 06885151)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





Mrs N J Collishaw - Director


SEDA AEROSPACE LIMITED (REGISTERED NUMBER: 06885151)

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

1. STATUTORY INFORMATION

Seda Aerospace 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.
Freehold and leasehold property - 2% on cost
Motor vehicles - 25% on reducing balance
Fixtures and fittings -20% on cost
Computer equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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.

SEDA AEROSPACE LIMITED (REGISTERED NUMBER: 06885151)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 562,743 145,284 708,027
DEPRECIATION
At 1 July 2022 76,483 136,162 212,645
Charge for year 7,679 6,394 14,073
At 30 June 2023 84,162 142,556 226,718
NET BOOK VALUE
At 30 June 2023 478,581 2,728 481,309
At 30 June 2022 486,260 9,122 495,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 282,181 196,202
Other debtors 79,322 100,381
361,503 296,583

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investment portfolio 4,370,878 4,176,074

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 114,314 112,026
Taxation and social security 289,933 272,890
Other creditors 39,021 32,692
443,268 417,608

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Seda Aerospace Holdings Limited, which is the ultimate controlling party.