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REGISTERED NUMBER: 08188093 (England and Wales)















RH SEEL & CO LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2023






RH SEEL & CO LIMITED (REGISTERED NUMBER: 08188093)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RH SEEL & CO LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R Hooper-Nash
T J Dallimore





REGISTERED OFFICE: 11-13 Penhill Road,
Cardiff
CF11 9PQ





REGISTERED NUMBER: 08188093 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

RH SEEL & CO LIMITED (REGISTERED NUMBER: 08188093)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,292 19,400

CURRENT ASSETS
Debtors 5 164,483 128,923
Cash at bank 65,518 60,825
230,001 189,748
CREDITORS
Amounts falling due within one year 6 182,382 128,310
NET CURRENT ASSETS 47,619 61,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,911

80,838

CREDITORS
Amounts falling due after more than one year 7 (17,984 ) (27,374 )

PROVISIONS FOR LIABILITIES (2,145 ) (3,686 )
NET ASSETS 38,782 49,778

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 38,781 49,777
38,782 49,778

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 31 July 2024 and were signed on its behalf by:





R Hooper-Nash - Director


RH SEEL & CO LIMITED (REGISTERED NUMBER: 08188093)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

RH Seel & Co 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.

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


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.

The company meets its working capital requirements through the ongoing support of its directors. If this support is removed, it may not be appropriate for the financial statements to be prepared on a going concern basis and as such the company's assets and liabilities may have to be restated.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 25% on cost and 15% on cost
Motor vehicles - 20% on cost

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.

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 23 (2022 - 28 ) .

RH SEEL & CO LIMITED (REGISTERED NUMBER: 08188093)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2022 31,988 7,291 39,279
Additions 1,595 - 1,595
At 31 October 2023 33,583 7,291 40,874
DEPRECIATION
At 1 November 2022 16,720 3,159 19,879
Charge for year 8,245 1,458 9,703
At 31 October 2023 24,965 4,617 29,582
NET BOOK VALUE
At 31 October 2023 8,618 2,674 11,292
At 31 October 2022 15,268 4,132 19,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 107,990 60,715
Amounts owed by participating interests 19,832 62,880
Other debtors 36,661 5,328
164,483 128,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,169 10,653
Trade creditors 44,413 -
Amounts owed to participating interests 49,872 26,771
Taxation and social security 64,383 80,468
Other creditors 13,545 10,418
182,382 128,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 17,984 27,374