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Company Registration No. 09757593 (England and Wales)
SEADRIFT PROJECTS LIMITED Unaudited accounts for the year ended 31 August 2024
SEADRIFT PROJECTS LIMITED Unaudited accounts Contents
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SEADRIFT PROJECTS LIMITED Company Information for the year ended 31 August 2024
Directors
Leigh HAMMOND Mrs Victoria BAMPFIELD HAMMOND
Company Number
09757593 (England and Wales)
Registered Office
Rose Barn Rose TRURO Cornwall TR4 9PL
Accountants
SG ACCOUNTANCY 102 TREVERBYN ROAD CARCLAZE IND ESTATE ST AUSTELL CORNWALL PL25 4EW
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SEADRIFT PROJECTS LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,681 
60,801 
Current assets
Inventories
310,000 
70,000 
Debtors
12,464 
183,956 
Cash at bank and in hand
5,185 
41,297 
327,649 
295,253 
Creditors: amounts falling due within one year
(212,998)
(184,032)
Net current assets
114,651 
111,221 
Total assets less current liabilities
165,332 
172,022 
Creditors: amounts falling due after more than one year
(67,982)
(79,223)
Net assets
97,350 
92,799 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
96,350 
91,799 
Shareholders' funds
97,350 
92,799 
For the year ending 31 August 2024 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by
Leigh HAMMOND Director Company Registration No. 09757593
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SEADRIFT PROJECTS LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SEADRIFT PROJECTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09757593. The registered office is Rose Barn , Rose, TRURO, Cornwall, TR4 9PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
34,675 
41,314 
75,989 
Additions
- 
33,258 
33,258 
Disposals
- 
(41,313)
(41,313)
At 31 August 2024
34,675 
33,259 
67,934 
Depreciation
At 1 September 2023
13,875 
1,313 
15,188 
Charge for the year
3,120 
258 
3,378 
On disposals
- 
(1,313)
(1,313)
At 31 August 2024
16,995 
258 
17,253 
Net book value
At 31 August 2024
17,680 
33,001 
50,681 
At 31 August 2023
20,800 
40,001 
60,801 
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SEADRIFT PROJECTS LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,464 
28,956 
Trade debtors
- 
155,000 
12,464 
183,956 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
55,247 
80,199 
Taxes and social security
73,191 
44,164 
Other creditors
- 
10,435 
Loans from directors
83,451 
48,111 
Accruals
1,109 
1,123 
212,998 
184,032 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,993 
37,580 
Obligations under finance leases and hire purchase contracts
34,989 
41,643 
67,982 
79,223 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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