1 July 2022 false No description of principal activity Taxfiler 2023.14 SC599923business:PrivateLimitedCompanyLtd2022-07-012023-06-30 SC5999232022-06-30 SC5999232022-07-012023-06-30 SC599923business:AuditExemptWithAccountantsReport2022-07-012023-06-30 SC599923business:FilletedAccounts2022-07-012023-06-30 SC5999232023-06-30 SC599923business:Director12022-07-012023-06-30 SC599923business:RegisteredOffice2022-07-012023-06-30 SC5999232022-06-30 SC599923core:WithinOneYear2023-06-30 SC599923core:WithinOneYear2022-06-30 SC599923core:AfterOneYear2023-06-30 SC599923core:AfterOneYear2022-06-30 SC599923core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC599923core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 SC599923core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC599923core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 SC599923core:PreviouslyStatedAmount2023-06-30 SC599923core:PreviouslyStatedAmount2022-06-30 SC599923business:SmallEntities2022-07-012023-06-30 SC599923countries:Scotland2022-07-012023-06-30 SC599923core:PlantMachinery2022-07-012023-06-30 SC599923core:ComputerEquipment2022-07-012023-06-30 SC599923core:PlantMachinery2022-06-30 SC599923core:ComputerEquipment2022-06-30 SC599923core:PlantMachinery2023-06-30 SC599923core:ComputerEquipment2023-06-30 SC5999232021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC599923 (Scotland)
Seawater Solutions Ltd Unaudited accounts for the year ended 30 June 2023
Seawater Solutions Ltd Unaudited accounts Contents
Page
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Seawater Solutions Ltd Company Information for the year ended 30 June 2023
Director
Mr. Yanik Adam Nyberg
Company Number
SC599923 (Scotland)
Registered Office
3/1, 34 Garturk Street Glasgow G42 8JF UK
Accountants
SK and Co 3rd Floor, St. Georges Building 5 St. Vincent Place Glasgow G1 2DH
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Seawater Solutions Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,176 
10,288 
Current assets
Debtors
44,515 
1,408 
Creditors: amounts falling due within one year
(86,042)
(166,827)
Net current liabilities
(41,527)
(165,419)
Total assets less current liabilities
(33,351)
(155,131)
Creditors: amounts falling due after more than one year
(42,083)
(17,083)
Net liabilities
(75,434)
(172,214)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(75,435)
(172,215)
Shareholders' funds
(75,434)
(172,214)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 4 March 2024 and were signed on its behalf by
Mr. Yanik Adam Nyberg Director Company Registration No. SC599923
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Seawater Solutions Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Seawater Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC599923. The registered office is 3/1, 34 Garturk Street, Glasgow, G42 8JF, UK.
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.
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:
Plant & machinery
20% on reducing balance
Computer equipment
Straight line @ 25%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
13,470 
302 
13,772 
At 30 June 2023
13,470 
302 
13,772 
Depreciation
At 1 July 2022
3,290 
194 
3,484 
Charge for the year
2,036 
76 
2,112 
At 30 June 2023
5,326 
270 
5,596 
Net book value
At 30 June 2023
8,144 
32 
8,176 
At 30 June 2022
10,180 
108 
10,288 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
44,515 
1,408 
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Seawater Solutions Ltd Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
20,798 
23,115 
VAT
(5,417)
(850)
Taxes and social security
2,005 
2,385 
Other creditors
3,325 
- 
Loans from directors
60,716 
142,177 
Accruals
4,615 
- 
86,042 
166,827 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,083 
17,083 
8
Average number of employees
During the year the average number of employees was 3 (2022: 10).
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