REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
SEAMSYSTEMIC LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
SEAMSYSTEMIC LIMITED |
SEAMSYSTEMIC LIMITED (BY SHARES) (REGISTERED NUMBER: 05325881) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
SEAMSYSTEMIC LIMITED (BY SHARES) |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: | Galloways Accounting (Hove) Limited |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
SEAMSYSTEMIC LIMITED (BY SHARES) (REGISTERED NUMBER: 05325881) |
BALANCE SHEET |
31 JANUARY 2024 |
2024 | 2023 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES | ( |
) | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
2. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
During the year, Dr B B N Pan increased her loan to the company. As at 31 January 2024, the company owed her £1,089,570. (2023: £1,031,531). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand. |
3. | PRIOR YEAR ADJUSTMENT |
Whilst preparing these accounts we became aware that the accrual for the office rent had been missed for the last 4 years resulting in an overstatement of profits of £30,822. Using a prior year adjustment this rent charge has now been correctly allocated the correct years meaning the profits for 2023 have decreased by £10,000 and the retained earnings have decreased by £20,822. |
3. | ACCOUNTING BASIS |
These financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £717,229. |
The validity of this basis depends upon the continued support of the company's director. The director confirms that she will give the required support. |
SEAMSYSTEMIC LIMITED (BY SHARES) (REGISTERED NUMBER: 05325881) |
BALANCE SHEET - continued |
31 JANUARY 2024 |
The director acknowledges her 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 were approved by the director and authorised for issue on |