2022-09-01 07419075 2023-08-31 07419075 2022-09-01 2023-08-31 07419075 2022-08-31 07419075 2021-09-01 2022-08-31 07419075 uk-core:WithinOneYear 2022-08-31 07419075 uk-core:WithinOneYear 2023-08-31 07419075 uk-core:AfterOneYear 2022-08-31 07419075 uk-core:AfterOneYear 2023-08-31 07419075 uk-core:ShareCapital 2023-08-31 07419075 uk-core:ShareCapital 2022-08-31 07419075 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 07419075 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 07419075 uk-bus:Director1 2022-09-01 2023-08-31 07419075 uk-core:ComputerSoftware 2022-08-31 07419075 uk-core:ComputerSoftware 2023-08-31 07419075 uk-core:ComputerSoftware 2022-09-01 2023-08-31 07419075 uk-core:ComputerEquipment 2022-08-31 07419075 uk-core:FurnitureFittings 2022-08-31 07419075 uk-core:CommercialMotorVehicles 2022-08-31 07419075 uk-core:PlantMachinery 2022-08-31 07419075 uk-core:Buildings 2022-08-31 07419075 uk-core:ComputerEquipment 2022-09-01 2023-08-31 07419075 uk-core:FurnitureFittings 2022-09-01 2023-08-31 07419075 uk-core:CommercialMotorVehicles 2022-09-01 2023-08-31 07419075 uk-core:PlantMachinery 2022-09-01 2023-08-31 07419075 uk-core:Buildings 2022-09-01 2023-08-31 07419075 uk-core:Buildings 2023-08-31 07419075 uk-core:CommercialMotorVehicles 2023-08-31 07419075 uk-core:FurnitureFittings 2023-08-31 07419075 uk-core:ComputerEquipment 2023-08-31 07419075 uk-core:PlantMachinery 2023-08-31 07419075 uk-core:WithinOneYear uk-core:Secured 2023-08-31 07419075 uk-core:WithinOneYear uk-core:Secured 2022-08-31 07419075 uk-core:WithinOneYear 2023-08-31 07419075 uk-core:WithinOneYear 2022-08-31 07419075 uk-core:AfterOneYear uk-core:Secured 2023-08-31 07419075 uk-core:AfterOneYear uk-core:Secured 2022-08-31 iso4217:GBP xbrli:pure 07419075 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07419075 uk-bus:FRS102 2022-09-01 2023-08-31 07419075 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 07419075 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
Sealants And Tools Direct Limited
Registered Number:07419075
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07419075
As at 31 August 2023
Sealants And Tools Direct Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
27,379
34,224
2
Property, plant and equipment
502,949
104,785
3
530,328
139,009
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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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4
Registered Number :
07419075
For the year ended 31 August 2023
Sealants And Tools Direct Limited
Statement of Financial Position Continued
Paul Hathaway Director
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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5
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.
Registered address:
6B The Old Cider Works
Abbotskerswell
Newton Abbot
Devon
TQ12 5NF
The presentation currency is £ sterling.
1. Accounting policies
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
Website
Design
Cost or valuation
£
At 01 September 2022
48,350
At 31 August 2023
48,350
Amortisation
At 01 September 2022
14,126
6,845
Charge for year
At 31 August 2023
20,971
Net book value
At 31 August 2023
27,379
At 31 August 2022
34,224
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6
For the year ended 31 August 2023
Sealants And Tools Direct Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 September
2022
244,508
66,554
17,289
57,300
103,365
-
418,655
5,369
-
-
1,576
411,710
Additions
At 31 August
2023
411,710
57,300
17,289
71,923
663,163
104,941
Provision for depreciation and impairment
At 01 September
2022
139,723
42,462
10,255
31,835
55,171
-
Charge for year
20,491
5,892
1,407
2,535
10,657
-
At 31 August
2023
160,214
48,354
11,662
34,370
65,828
-
At 31 August
2023
Net book value
411,710
39,113
22,930
5,627
23,569
502,949
-
48,194
25,465
7,034
24,092
104,785
At 31 August
2022
Freehold Properties
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
4. Inventories
2022
2023
£
£
Stocks
320,000
385,000
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7
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
£
£
Trade debtors
36,275
56,313
Prepayments and accrued income
-
10,317
Other debtors
-
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
-
Bank loans and overdraft
10,000
10,000
Trade creditors
508,310
370,422
Taxation and social security
55,973
57,352
Accruals and deferred income
1,339
950
Directors' loan accounts
37,669
42,968
Obligations under HP/Financial leases
4,183
6,439
Other creditors
11,932
148,184
738,406
636,315
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
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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