SEAS MAYTECH LIMITED

Company Registration Number:
06084812 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

SEAS MAYTECH LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

SEAS MAYTECH LIMITED

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,645 4,444
Total fixed assets: 3,645 4,444
Current assets
Debtors:   37,258 127,406
Cash at bank and in hand: 310,929 202,510
Total current assets: 348,187 329,916
Creditors: amounts falling due within one year:   (154,206) (178,701)
Net current assets (liabilities): 193,981 151,215
Total assets less current liabilities: 197,626 155,659
Provision for liabilities: (1,004) (1,203)
Total net assets (liabilities): 196,622 154,456
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 196,620 154,454
Shareholders funds: 196,622 154,456

The notes form part of these financial statements

SEAS MAYTECH LIMITED

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 August 2024
and signed on behalf of the board by:

Name: Miss E L Piggott
Status: Director

The notes form part of these financial statements

SEAS MAYTECH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognitionRevenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.Office Equipment 25% on reducing balance

Other accounting policies

Leasing and hire purchase contractsAssets obtained under hire purchase contracts are capitalised as tangible fixed assets.Assets obtained under hire purchase contracts are depreciated over their useful life.Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.Rentals applicable to operating leases where substantially of the benefits and risks of ownership remains with the lessor are charged against profits on a straight line basis.TaxationTaxation represents the sum of tax currently payable and deferred tax.The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

SEAS MAYTECH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 5 4

SEAS MAYTECH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 10,887
Additions 416
Disposals 0
At 29 February 2024 11,303
Depreciation
At 01 March 2023 6,443
Charge for year 1,215
On disposals 0
At 29 February 2024 7,658
Net book value
At 29 February 2024 3,645
At 28 February 2023 4,444