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Company Registration No. 09757593 (England and Wales)
SEADRIFT PROJECTS LIMITED Unaudited accounts for the year ended 31 August 2023
SEADRIFT PROJECTS LIMITED Unaudited accounts Contents
Page
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SEADRIFT PROJECTS LIMITED Company Information for the year ended 31 August 2023
Directors
Leigh HAMMOND Mrs Victoria BAMPFIELD HAMMOND
Company Number
09757593 (England and Wales)
Registered Office
Rose Barn Rose TRURO Cornwall TR4 9PL
Accountants
SG ACCOUNTANCY 102 TREVERBYN ROAD CARCLAZE IND ESTATE ST AUSTELL CORNWALL PL25 4EW
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SEADRIFT PROJECTS LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,801 
39,658 
Current assets
Inventories
70,000 
250,000 
Debtors
155,000 
3,000 
Cash at bank and in hand
41,297 
114,726 
266,297 
367,726 
Creditors: amounts falling due within one year
(155,076)
(275,510)
Net current assets
111,221 
92,216 
Total assets less current liabilities
172,022 
131,874 
Creditors: amounts falling due after more than one year
(79,223)
(75,359)
Net assets
92,799 
56,515 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
91,799 
55,515 
Shareholders' funds
92,799 
56,515 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
Leigh HAMMOND Director Company Registration No. 09757593
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SEADRIFT PROJECTS LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
SEADRIFT PROJECTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09757593. The registered office is Rose Barn , Rose, TRURO, Cornwall, TR4 9PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
34,675 
27,750 
62,425 
Additions
- 
41,314 
41,314 
Disposals
- 
(27,750)
(27,750)
At 31 August 2023
34,675 
41,314 
75,989 
Depreciation
At 1 September 2022
10,204 
12,563 
22,767 
Charge for the year
3,671 
1,313 
4,984 
On disposals
- 
(12,563)
(12,563)
At 31 August 2023
13,875 
1,313 
15,188 
Net book value
At 31 August 2023
20,800 
40,001 
60,801 
At 31 August 2022
24,471 
15,187 
39,658 
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SEADRIFT PROJECTS LIMITED Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
155,000 
3,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
80,199 
110,960 
Taxes and social security
15,208 
53,182 
Other creditors
10,435 
16,314 
Loans from directors
48,111 
94,024 
Accruals
1,123 
1,030 
155,076 
275,510 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,580 
44,623 
Obligations under finance leases and hire purchase contracts
41,643 
30,736 
79,223 
75,359 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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