Sealants And Tools Direct Limited |
Registered Number:07419075 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2023
Sealants And Tools Direct Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Sealants And Tools Direct Limited
Statement of Financial Position
2022
2023
27,379
34,224
2
Property, plant and equipment |
502,949
104,785
3
530,328
139,009
385,000
320,000
4
Trade and other receivables |
69,080
36,275
5
219,130
Cash and cash equivalents |
113,237
469,512
673,210
Trade and other payables: amounts falling due within one |
year |
(636,315)
(738,406)
6
36,895
(268,894)
Net current liabilities
Total assets less current liabilities |
261,434
175,904
Trade and other payables: amounts falling due after more |
than one year |
(32,526)
(76,026)
7
(265)
(296)
Provisions for liabilities |
185,143
Net assets
143,082
100
100
185,043
142,982
185,143
143,082
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 August 2023
Sealants And Tools Direct Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 18 January 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2023
Sealants And Tools Direct Limited
Notes to the Financial Statements
Statutory Information
Sealants And Tools Direct Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07419075. |
6B The Old Cider Works
Abbotskerswell
Newton Abbot
Devon
TQ12 5NF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
2. Intangible fixed assets |
48,350
48,350
14,126
6,845
Charge for year
20,971
27,379
34,224
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For the year ended 31 August 2023
Sealants And Tools Direct Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
244,508
66,554
17,289
57,300
103,365
-
418,655
5,369
-
-
1,576
411,710
411,710
57,300
17,289
71,923
663,163
104,941
Provision for depreciation and impairment |
139,723
42,462
10,255
31,835
55,171
-
Charge for year
20,491
5,892
1,407
2,535
10,657
-
160,214
48,354
11,662
34,370
65,828
-
411,710
39,113
22,930
5,627
23,569
502,949
-
48,194
25,465
7,034
24,092
104,785
Freehold properties are included in the balance sheet at their open market value at the balance sheet date. The |
resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those |
properties which are leasehold and where the unexpired lease term is less than 20 years. |
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective |
January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be |
depreciated. |
In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and |
fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of |
this which might otherwise have been charged cannot be separately identified or quantified. |
uk-core:InvestmentPropertyPolicy |
2022
2023
320,000
385,000
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For the year ended 31 August 2023
Sealants And Tools Direct Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
36,275
56,313
Prepayments and accrued income |
-
10,317
-
2,450
69,080
36,275
6. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
109,000
-
10,000
10,000
508,310
370,422
Taxation and social security |
55,973
57,352
Accruals and deferred income |
1,339
950
37,669
42,968
Obligations under HP/Financial leases |
4,183
6,439
11,932
148,184
738,406
636,315
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
18,359
28,343
Bank loans and overdraft (secured) |
57,667
-
4,183
-
Obligations under HP/Financial leases |
76,026
32,526
8. Related party transactions |
The company was under the control of Mr P Hathway during this year.
9. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
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