Seal Water Technology Ltd Filleted Accounts Cover
Seal Water Technology Ltd
Company No. 13088001
Information for Filing with The Registrar
31 December 2023
Seal Water Technology Ltd Balance Sheet Registrar
at
31 December 2023
Company No.
13088001
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
62,294379
Tangible assets
5
19,618-
81,912379
Current assets
Debtors
6
76636,939
Cash at bank and in hand
6,05541
6,82136,980
Creditors: Amount falling due within one year
7
(83,614)
(43,261)
Net current liabilities
(76,793)
(6,281)
Total assets less current liabilities
5,119
(5,902)
Net assets/(liabilities)
5,119
(5,902)
Capital and reserves
Called up share capital
400400
Profit and loss account
8
4,719
(6,302)
Total equity
5,119
(5,902)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 September 2024 and signed on its behalf by:
M. Purvis
Director
20 September 2024
Seal Water Technology Ltd Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Seal Water Technology Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13088001
Its registered office is:
11 Lambe Close
Holborough Lakes
Kent
ME6 5PE
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Grant income
Grant income is recognised when the performance obligations have been satisfied, or in the period of receipt if it is unconditional.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Intangible fixed assets
Patents and trade-marks
Develop-ment costs
Total
£
£
£
Cost
At 1 January 2023
440-440
Additions
72,35019,31091,660
At 31 December 2023
72,79019,31092,100
Amortisation and impairment
At 1 January 2023
61-61
Charge for the year
2,246-2,246
Impairment loss
27,499-27,499
At 31 December 2023
29,806-29,806
Net book values
At 31 December 2023
42,98419,31062,294
At 31 December 2022
379-379
5
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
Additions
20,15520,155
At 31 December 2023
20,15520,155
Depreciation
Charge for the year
537537
At 31 December 2023
537537
Net book values
At 31 December 2023
19,61819,618
6
Debtors
2023
2022
£
£
Other debtors
-36,373
Prepayments and accrued income
766566
76636,939
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Loans from directors
38,48021,601
Other creditors
44,47621,000
Accruals and deferred income
658660
83,61443,261
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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