IRIS Accounts Production v24.1.9.2 04223914 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042239142022-12-31042239142023-12-31042239142023-01-012023-12-31042239142021-12-31042239142022-01-012022-12-31042239142022-12-3104223914ns15:EnglandWales2023-01-012023-12-3104223914ns14:PoundSterling2023-01-012023-12-3104223914ns10:Director12023-01-012023-12-3104223914ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104223914ns10:SmallEntities2023-01-012023-12-3104223914ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104223914ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104223914ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104223914ns10:FullAccounts2023-01-012023-12-3104223914ns10:CompanySecretary12023-01-012023-12-3104223914ns10:RegisteredOffice2023-01-012023-12-3104223914ns5:CurrentFinancialInstruments2023-12-3104223914ns5:CurrentFinancialInstruments2022-12-3104223914ns5:ShareCapital2023-12-3104223914ns5:ShareCapital2022-12-3104223914ns5:RetainedEarningsAccumulatedLosses2023-12-3104223914ns5:RetainedEarningsAccumulatedLosses2022-12-3104223914ns5:PlantMachinery2023-01-012023-12-3104223914ns5:PlantMachinery2022-12-3104223914ns5:PlantMachinery2023-12-3104223914ns5:PlantMachinery2022-12-3104223914ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104223914ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04223914 (England and Wales)












SEA TECHNICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SEA TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04223914)

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


SEA TECHNICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C R Drake



SECRETARY: C R Drake



REGISTERED OFFICE: Blythewood
Lake Road
Curdridge
Southampton
Hampshire
SO32 2HH



REGISTERED NUMBER: 04223914 (England and Wales)



BANKERS: Lloyds TSB Bank plc
272 London Road
Waterlooville
Hampshire
PO7 7HN

SEA TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04223914)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
CURRENT ASSETS
Debtors 5 209 25,210
Cash at bank 61 549
270 25,759
CREDITORS
Amounts falling due within one year 6 (20,971 ) (43,718 )
NET CURRENT LIABILITIES (20,701 ) (17,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,701

)

(17,959

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,801 ) (18,059 )
SHAREHOLDERS' FUNDS (20,701 ) (17,959 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 by the director and authorised for issue on 13 August 2024 and were signed by:





C R Drake - Director


SEA TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04223914)

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


1. STATUTORY INFORMATION

Sea Technical Services 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 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern
At the balance sheet date the company has net liabilities, and is dependent upon the support of its director to continue trading. The director has indicated that their support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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 - Straight line over 4 years

The profit or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

SEA TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04223914)

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


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2023
and 31 December 2023 682
DEPRECIATION
At 1 January 2023
and 31 December 2023 682
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

SEA TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04223914)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 25,000
Other debtors 209 210
209 25,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 1,463 1
Other creditors 19,508 43,717
20,971 43,718