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
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
SEADRIFT PROJECTS LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
50,681
60,801
Inventories
310,000
70,000
Cash at bank and in hand
5,185
41,297
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)
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
SEADRIFT PROJECTS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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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
Disposals
-
(41,313)
(41,313)
At 31 August 2024
34,675
33,259
67,934
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
At 31 August 2024
17,680
33,001
50,681
At 31 August 2023
20,800
40,001
60,801
SEADRIFT PROJECTS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
55,247
80,199
Taxes and social security
73,191
44,164
Loans from directors
83,451
48,111
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
34,989
41,643
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Average number of employees
During the year the average number of employees was 3 (2023: 3).