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REGISTERED NUMBER: 04223463 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STEIN SEAL UK LTD

STEIN SEAL UK LTD (REGISTERED NUMBER: 04223463)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STEIN SEAL UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P C Stein
R M Casserly





SECRETARY: R M Casserly





REGISTERED OFFICE: Runnymede Malt House
Malthouse Lane
Egham
Surrey
TW20 9BD





REGISTERED NUMBER: 04223463 (England and Wales)





AUDITORS: Ad Valorem Audit Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

STEIN SEAL UK LTD (REGISTERED NUMBER: 04223463)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 1,038 1,384

CURRENT ASSETS
Stocks 8,641 9,205
Debtors 6 328,853 423,713
Cash at bank 155,598 290,200
493,092 723,118
CREDITORS
Amounts falling due within one year 7 214,623 255,141
NET CURRENT ASSETS 278,469 467,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,507

469,361

PROVISIONS FOR LIABILITIES 260 263
NET ASSETS 279,247 469,098

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 279,246 469,097
SHAREHOLDERS' FUNDS 279,247 469,098

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





R M Casserly - Director


STEIN SEAL UK LTD (REGISTERED NUMBER: 04223463)

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


1. STATUTORY INFORMATION

Stein Seal UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

The effects of events in relation to the year which occurred before the date of approval of the financial statements by the Board of Directors have been included in the statements to the extent required to show a true and fair view of the state of affairs at the balance sheet date and of the results for the year ended on that date.

TURNOVER
The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. A sale is recognised when goods and services have been delivered and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and VAT.

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 - 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 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.


STEIN SEAL UK LTD (REGISTERED NUMBER: 04223463)

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


3. 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.

FOREIGN EXCHANGE
Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Losses and profits on foreign exchange are taken to the Statement of Comprehensive Income.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income in administrative expenses.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 January 2023
and 31 December 2023 3,561
DEPRECIATION
At 1 January 2023 2,177
Charge for year 346
At 31 December 2023 2,523
NET BOOK VALUE
At 31 December 2023 1,038
At 31 December 2022 1,384

STEIN SEAL UK LTD (REGISTERED NUMBER: 04223463)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 314,845 419,239
Tax 6,975 -
VAT 876 830
Prepayments and accrued income 6,157 3,644
328,853 423,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings 208,255 222,995
Tax - 24,763
Social security and other taxes 2,817 2,825
Other creditors 45 45
Directors' current accounts 507 1,514
Accruals and deferred income 2,999 2,999
214,623 255,141

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£

At 1 January 2023 469,097
Deficit for the year (30,684 )
Dividends (159,167 )
At 31 December 2023 279,246

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Kerins FCCA (Senior Statutory Auditor)
for and on behalf of Ad Valorem Audit Services Limited

11. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Stein Seal Company, a company incorporated in the United States of America. Stein Seal Company is under the control of Mr P C Stein, a director of this company, by virtue of the shareholding of a family trust of which he is president.