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REGISTERED NUMBER: 03303456 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Sealing Solutions Limited

Sealing Solutions Limited (Registered number: 03303456)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sealing Solutions Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: I Henderson
Mrs A J Henderson





SECRETARY: Mrs A J Henderson





REGISTERED OFFICE: Unit 11 Broadfields Farm Dunmow Road
Rayne
Braintree
Essex
CM77 6SA





REGISTERED NUMBER: 03303456 (England and Wales)





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Sealing Solutions Limited (Registered number: 03303456)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,409 147,133

CURRENT ASSETS
Stocks 155,000 155,000
Debtors 5 136,528 212,038
Cash at bank 52,155 49,648
343,683 416,686
CREDITORS
Amounts falling due within one year 6 56,238 93,904
NET CURRENT ASSETS 287,445 322,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,854

469,915

PROVISIONS FOR LIABILITIES 7 12,621 7,914
NET ASSETS 441,233 462,001

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 441,133 461,901
441,233 462,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sealing Solutions Limited (Registered number: 03303456)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:





I Henderson - Director


Sealing Solutions Limited (Registered number: 03303456)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Sealing Solutions 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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 5 (2023 - 5 ) .

Sealing Solutions Limited (Registered number: 03303456)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 483,394
Additions 47,467
At 31 January 2024 530,861
DEPRECIATION
At 1 February 2023 336,261
Charge for year 28,191
At 31 January 2024 364,452
NET BOOK VALUE
At 31 January 2024 166,409
At 31 January 2023 147,133

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 80,279 171,021
Other debtors 42,055 30,667
122,334 201,688

Amounts falling due after more than one year:
Other debtors 14,194 10,350

Aggregate amounts 136,528 212,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,074 19,359
Taxation and social security 35,355 50,554
Other creditors 3,809 23,991
56,238 93,904

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 12,621 7,914

Sealing Solutions Limited (Registered number: 03303456)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 7,914
Charge to Income Statement during year 4,707
Balance at 31 January 2024 12,621

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £92,000 were paid to the directors .