IRIS Accounts Production v24.3.0.553 03050215 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030502152023-04-30030502152024-04-30030502152023-05-012024-04-30030502152022-04-30030502152022-05-012023-04-30030502152023-04-3003050215ns15:EnglandWales2023-05-012024-04-3003050215ns14:PoundSterling2023-05-012024-04-3003050215ns10:Director12023-05-012024-04-3003050215ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003050215ns10:SmallEntities2023-05-012024-04-3003050215ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003050215ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003050215ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003050215ns10:FullAccounts2023-05-012024-04-3003050215ns10:CompanySecretary12023-05-012024-04-3003050215ns10:RegisteredOffice2023-05-012024-04-3003050215ns5:CurrentFinancialInstruments2024-04-3003050215ns5:CurrentFinancialInstruments2023-04-3003050215ns5:ShareCapital2024-04-3003050215ns5:ShareCapital2023-04-3003050215ns5:RetainedEarningsAccumulatedLosses2024-04-3003050215ns5:RetainedEarningsAccumulatedLosses2023-04-3003050215ns5:PlantMachinery2023-05-012024-04-3003050215ns5:FurnitureFittings2023-05-012024-04-3003050215ns5:PlantMachinery2023-04-3003050215ns5:FurnitureFittings2023-04-3003050215ns5:PlantMachinery2024-04-3003050215ns5:FurnitureFittings2024-04-3003050215ns5:PlantMachinery2023-04-3003050215ns5:FurnitureFittings2023-04-3003050215ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003050215ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30030502151ns10:Director12023-04-30030502151ns10:Director12022-04-30030502151ns10:Director12023-05-012024-04-30030502151ns10:Director12022-05-012023-04-30030502151ns10:Director12024-04-30030502151ns10:Director12023-04-30
REGISTERED NUMBER: 03050215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SEAGER JOINERY LIMITED

SEAGER JOINERY LIMITED (REGISTERED NUMBER: 03050215)






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


SEAGER JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: I C McNaught-Davis





SECRETARY: G McNaught-Davis





REGISTERED OFFICE: Unit 3a
Hampton Industrial Estate
Hampton Street
Tetbury
Gloucestershire
GL8 8LD





REGISTERED NUMBER: 03050215 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

SEAGER JOINERY LIMITED (REGISTERED NUMBER: 03050215)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 32,060 35,048
Cash at bank 239 -
34,299 37,048
CREDITORS
Amounts falling due within one year 7 66,612 55,122
NET CURRENT LIABILITIES (32,313 ) (18,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,313

)

(18,074

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (32,315 ) (18,076 )
SHAREHOLDERS' FUNDS (32,313 ) (18,074 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





I C McNaught-Davis - Director


SEAGER JOINERY LIMITED (REGISTERED NUMBER: 03050215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Seager Joinery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax. The revenue is recognised at the time of service provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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.

Financial instruments
Financial Instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SEAGER JOINERY LIMITED (REGISTERED NUMBER: 03050215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

Going concern
The director has considered the risks and issues concerning the company and its activities, and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the director.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 6,362 1,055 7,417
DEPRECIATION
At 1 May 2023
and 30 April 2024 6,362 1,055 7,417
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 - - -

5. STOCKS
2024 2023
£    £   
Stocks 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,002 27,228
Other Debtor 1,778 1,778
Prepayments & accrued income 4,280 6,042
32,060 35,048

SEAGER JOINERY LIMITED (REGISTERED NUMBER: 03050215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,178
Trade creditors 5,582 13,412
Pension Control 92 96
Social security and other taxes 366 924
VAT 1,122 1,527
Other creditors 1,000 1,000
Directors' loan accounts 56,700 35,608
Accrued expenses 1,750 1,377
66,612 55,122

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
I C McNaught-Davis
Balance outstanding at start of year (35,608 ) (35,822 )
Amounts advanced 10,634 321
Amounts repaid (31,726 ) (107 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (56,700 ) (35,608 )

No interest has been charged on the Directors Loan Account and there are no set repayment terms.