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REGISTERED NUMBER: 03242254 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Seagreens Limited

Seagreens Limited (Registered number: 03242254)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seagreens Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr M Ranger
S Ranger





SECRETARY: S Ranger





REGISTERED OFFICE: Warren Virgate
Handford Way Plummers Plain
Horsham
West Sussex
RH13 6PD





REGISTERED NUMBER: 03242254 (England and Wales)





ACCOUNTANTS: JG Accounting & Tax Services Ltd
Gravelye Farmhouse
Hanlye Lane
Cuckfield
West Sussex
RH17 5HR

Seagreens Limited (Registered number: 03242254)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 729 4,367
Tangible assets 5 29,836 36,973
Investments 6 1 1
30,566 41,341

CURRENT ASSETS
Stocks 25,541 26,500
Debtors 7 25,594 55,512
Cash at bank 6,265 6,146
57,400 88,158
CREDITORS
Amounts falling due within one year 8 54,742 87,922
NET CURRENT ASSETS 2,658 236
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,224

41,577

CREDITORS
Amounts falling due after more than
one year

9

16,577

27,441
NET ASSETS 16,647 14,136

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 16,645 14,134
16,647 14,136

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 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.

Seagreens Limited (Registered number: 03242254)

Balance Sheet - continued
31 December 2023


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 14 September 2024 and were signed on its behalf by:





S Ranger - Director


Seagreens Limited (Registered number: 03242254)

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

1. STATUTORY INFORMATION

Seagreens 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


Seagreens Limited (Registered number: 03242254)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1 26,209 26,210
AMORTISATION
At 1 January 2023 1 21,842 21,843
Charge for year - 3,638 3,638
At 31 December 2023 1 25,480 25,481
NET BOOK VALUE
At 31 December 2023 - 729 729
At 31 December 2022 - 4,367 4,367

Seagreens Limited (Registered number: 03242254)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 69,085
DEPRECIATION
At 1 January 2023 32,112
Charge for year 7,137
At 31 December 2023 39,249
NET BOOK VALUE
At 31 December 2023 29,836
At 31 December 2022 36,973

6. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 16,782 35,672
Other debtors 8,489 19,517
25,271 55,189

Amounts falling due after more than one year:
Amounts owed by group undertakings 323 323

Aggregate amounts 25,594 55,512

Seagreens Limited (Registered number: 03242254)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,999 10,000
Trade creditors 26,982 70,662
Other creditors 16,761 7,260
54,742 87,922

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,770 25,634
Amounts owed to group undertakings 1,807 1,807
16,577 27,441