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REGISTERED NUMBER: 04531775 (England and Wales)











SEAGRAVE DECORATIONS
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






SEAGRAVE DECORATIONS
LIMITED (REGISTERED NUMBER: 04531775)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


SEAGRAVE DECORATIONS
LIMITED (REGISTERED NUMBER: 04531775)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,745 130,043

CURRENT ASSETS
Debtors 5 212,924 364,875
Prepayments and accrued income 10,749 11,523
Cash at bank 172,694 108,469
396,367 484,867
CREDITORS
Amounts falling due within one year 6 192,437 217,137
NET CURRENT ASSETS 203,930 267,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,675

397,773

CREDITORS
Amounts falling due after more than one
year

7

(113,971

)

(236,499

)

PROVISIONS FOR LIABILITIES (2,201 ) (8,657 )

ACCRUALS AND DEFERRED INCOME (5,430 ) (4,935 )
NET ASSETS 224,073 147,682

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 223,873 147,482
SHAREHOLDERS' FUNDS 224,073 147,682

SEAGRAVE DECORATIONS
LIMITED (REGISTERED NUMBER: 04531775)

BALANCE SHEET - continued
30 NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 and authorised for issue by the director and authorised for issue on 6 March 2024 and were signed by:





S Elmore - Director


SEAGRAVE DECORATIONS
LIMITED (REGISTERED NUMBER: 04531775)

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


1. STATUTORY INFORMATION

Seagrave Decorations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04531775

Registered office: 3 Weekley Wood Close
Kettering
Northamptonshire
NN14 1UQ

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

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.


SEAGRAVE DECORATIONS
LIMITED (REGISTERED NUMBER: 04531775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 14,949 172,601 5,375 192,925
Additions 783 58,295 416 59,494
At 30 November 2023 15,732 230,896 5,791 252,419
DEPRECIATION
At 1 December 2022 8,731 51,074 3,077 62,882
Charge for year 1,407 44,960 1,425 47,792
At 30 November 2023 10,138 96,034 4,502 110,674
NET BOOK VALUE
At 30 November 2023 5,594 134,862 1,289 141,745
At 30 November 2022 6,218 121,527 2,298 130,043

SEAGRAVE DECORATIONS
LIMITED (REGISTERED NUMBER: 04531775)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 81,889 88,424
Amounts owed by group undertakings 108,565 268,390
Other debtors 10,000 -
VAT 12,470 8,061
212,924 364,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 58,016
Hire purchase contracts and finance leases 37,951 30,151
Trade creditors 18,507 55,814
Corporation tax 94,229 17,470
Social security and other taxes 24,792 25,879
Other creditors 16,528 29,241
Director's current account 430 566
192,437 217,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 148,775
Hire purchase contracts and finance leases 113,971 87,724
113,971 236,499

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 151,922 117,875

The liabilities are secured against the assets to which they relate.

SEAGRAVE DECORATIONS
LIMITED (REGISTERED NUMBER: 04531775)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100
100 Ordinary B 1 100 100
200 200