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REGISTERED NUMBER: 08979656 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

SEED ELECTRICAL SERVICES LIMITED

SEED ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08979656)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SEED ELECTRICAL SERVICES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: P K Welch





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE





REGISTERED NUMBER: 08979656 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

SEED ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08979656)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,665 46,440

CURRENT ASSETS
Stocks 10,272 10,823
Debtors 5 51,239 64,581
Cash at bank 27,576 96,382
89,087 171,786
CREDITORS
Amounts falling due within one year 6 71,550 128,320
NET CURRENT ASSETS 17,537 43,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,202

89,906

CREDITORS
Amounts falling due after more than one
year

7

31,792

21,375
NET ASSETS 51,410 68,531

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 51,310 68,431
SHAREHOLDERS' FUNDS 51,410 68,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 30 October 2024 and were signed by:





P K Welch - Director


SEED ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08979656)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Seed Electrical Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Deferred tax
No provision is made for deferred taxation as in the opinion of the director no assets will be sold in the foreseeable future.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

SEED ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08979656)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 16,541 8,669 92,666 117,876
Additions - - 47,000 47,000
Disposals - - (22,695 ) (22,695 )
At 30 April 2024 16,541 8,669 116,971 142,181
DEPRECIATION
At 1 May 2023 7,926 3,274 60,236 71,436
Charge for year 1,723 809 18,062 20,594
Eliminated on disposal - - (15,514 ) (15,514 )
At 30 April 2024 9,649 4,083 62,784 76,516
NET BOOK VALUE
At 30 April 2024 6,892 4,586 54,187 65,665
At 30 April 2023 8,615 5,395 32,430 46,440

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 22,695
Additions 47,000
Transfer to ownership (22,695 )
At 30 April 2024 47,000
DEPRECIATION
At 1 May 2023 22,624
Charge for year 11,750
Transfer to ownership (22,624 )
At 30 April 2024 11,750
NET BOOK VALUE
At 30 April 2024 35,250
At 30 April 2023 71

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 50,889 64,231
Other debtors 350 350
51,239 64,581

SEED ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08979656)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,500 9,500
Hire purchase contracts 4,250 2,593
Trade creditors 28,265 68,210
Taxation and social security 17,059 44,282
Other creditors 12,476 3,735
71,550 128,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,875 21,375
Hire purchase contracts 19,917 -
31,792 21,375

8. SECURED DEBTS

The hire purchase creditor is secured on the individual assets concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 68,431
Profit for the year 18,679
Dividends (35,800 )
At 30 April 2024 51,310

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Held within other creditors is £30 (£72 - 2023) which is owed to Mr P Welch, who is the sole director and shareholder.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P K Welch.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Seed Electrical Services Limited (Registered number: 08979656)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seed Electrical Services Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Seed Electrical Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seed Electrical Services Limited and state those matters that we have agreed to state to the director of Seed Electrical Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seed Electrical Services Limited and its director for our work or for this report.

It is your duty to ensure that Seed Electrical Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seed Electrical Services Limited. You consider that Seed Electrical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seed Electrical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


30 October 2024