IRIS Accounts Production v23.3.1.45 07621790 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076217902022-05-31076217902023-05-31076217902022-06-012023-05-31076217902021-05-31076217902021-06-012022-05-31076217902022-05-3107621790ns10:Originalns15:EnglandWales2022-06-012023-05-3107621790ns14:PoundSterlingns10:Original2022-06-012023-05-3107621790ns10:Originalns10:Director12022-06-012023-05-3107621790ns10:Original2022-06-012023-05-3107621790ns10:Original2023-05-3107621790ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3107621790ns10:Originalns10:SmallEntities2022-06-012023-05-3107621790ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3107621790ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3107621790ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3107621790ns10:Originalns10:FullAccounts2022-06-012023-05-3107621790ns10:CompanySecretary1ns10:Original2022-06-012023-05-3107621790ns10:Originalns10:RegisteredOffice2022-06-012023-05-3107621790ns10:Original2022-05-3107621790ns10:Originalns5:CurrentFinancialInstruments2023-05-3107621790ns10:Originalns5:CurrentFinancialInstruments2022-05-3107621790ns5:ShareCapitalns10:Original2023-05-3107621790ns5:ShareCapitalns10:Original2022-05-3107621790ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3107621790ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3107621790ns10:Originalns5:PlantMachinery2022-06-012023-05-3107621790ns10:Original2021-06-012022-05-3107621790ns10:Originalns5:PlantMachinery2022-05-3107621790ns10:Originalns5:PlantMachinery2023-05-3107621790ns10:Originalns5:PlantMachinery2022-05-3107621790ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3107621790ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3107621790ns10:Original1ns10:Director12022-05-3107621790ns10:Original1ns10:Director12021-05-3107621790ns10:Original1ns10:Director12022-06-012023-05-3107621790ns10:Original1ns10:Director12021-06-012022-05-3107621790ns10:Original1ns10:Director12023-05-3107621790ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: 07621790 (England and Wales)









SEAL HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






SEAL HOMES LIMITED (REGISTERED NUMBER: 07621790)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEAL HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: L Kott





SECRETARY: L Kott





REGISTERED OFFICE: 116 Beauchamp Road
West Molesey
Surrey
KT8 2PH





REGISTERED NUMBER: 07621790 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

SEAL HOMES LIMITED (REGISTERED NUMBER: 07621790)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,761 13,425

CURRENT ASSETS
Debtors 5 8,373 51,394
Cash at bank 3,850 -
12,223 51,394
CREDITORS
Amounts falling due within one year 6 56,956 60,144
NET CURRENT LIABILITIES (44,733 ) (8,750 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28

4,675

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26 4,673
SHAREHOLDERS' FUNDS 28 4,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 2 February 2024 and were signed by:





L Kott - Director


SEAL HOMES LIMITED (REGISTERED NUMBER: 07621790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Seal Homes 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.
Plant and machinery etc - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.


SEAL HOMES LIMITED (REGISTERED NUMBER: 07621790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 43,927
Additions 46,257
At 31 May 2023 90,184
DEPRECIATION
At 1 June 2022 30,502
Charge for year 14,921
At 31 May 2023 45,423
NET BOOK VALUE
At 31 May 2023 44,761
At 31 May 2022 13,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,274 639
Other debtors 5,099 50,755
8,373 51,394

SEAL HOMES LIMITED (REGISTERED NUMBER: 07621790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,205 47,523
Trade creditors 5,075 3,469
Taxation and social security 6,422 7,142
Other creditors 12,254 2,010
56,956 60,144

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
L Kott
Balance outstanding at start of year 50,089 569
Amounts advanced 8,580 52,040
Amounts repaid (68,605 ) (2,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,936 ) 50,089