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REGISTERED NUMBER: 05325881 (England and Wales)















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: Dr B B N Pan





SECRETARY: Dr B B N Pan





REGISTERED OFFICE: 338 City Road
London
EC1V 2PY





REGISTERED NUMBER: 05325881 (England and Wales)





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 6,843 7,202

CURRENT ASSETS 408,435 406,405

CREDITORS
Amounts falling due within one year (1,125,664 ) (1,105,165 )
NET CURRENT LIABILITIES (717,229 ) (698,760 )
TOTAL ASSETS LESS CURRENT LIABILITIES (710,386 ) (691,558 )

CREDITORS
Amounts falling due after more than one year 10,701 30,775
NET LIABILITIES (721,087 ) (722,333 )

CAPITAL AND RESERVES (721,087 ) (722,333 )

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2023 - 2 ) .

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 company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Dr B B N Pan - Director