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Company Registration No. 10023482 (England and Wales)
Sealton Ltd Unaudited accounts for the year ended 29 February 2024
Sealton Ltd Unaudited accounts Contents
Page
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Sealton Ltd Company Information for the year ended 29 February 2024
Directors
Mr M Egerton Mr M Seal
Company Number
10023482 (England and Wales)
Registered Office
Boyes Barn Owslebury Winchester Hampshire SO21 1LT
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Sealton Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
150,378 
189,418 
Current assets
Inventories
118,000 
58,000 
Debtors
199,677 
111,417 
Cash at bank and in hand
1,629 
26,982 
319,306 
196,399 
Creditors: amounts falling due within one year
(199,747)
(165,026)
Net current assets
119,559 
31,373 
Total assets less current liabilities
269,937 
220,791 
Creditors: amounts falling due after more than one year
(108,681)
(85,681)
Net assets
161,256 
135,110 
Capital and reserves
Called up share capital
180,471 
180,471 
Profit and loss account
(19,215)
(45,361)
Shareholders' funds
161,256 
135,110 
For the year ending 29 February 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 27 November 2024 and were signed on its behalf by
Mr M Egerton Director Company Registration No. 10023482
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Sealton Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sealton Ltd is a private company, limited by shares, registered in England and Wales, registration number 10023482. The registered office is Boyes Barn, Owslebury, Winchester, Hampshire, SO21 1LT.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
568,794 
4,333 
573,127 
At 29 February 2024
568,794 
4,333 
573,127 
Depreciation
At 1 March 2023
380,821 
2,888 
383,709 
Charge for the year
37,595 
1,445 
39,040 
At 29 February 2024
418,416 
4,333 
422,749 
Net book value
At 29 February 2024
150,378 
- 
150,378 
At 28 February 2023
187,973 
1,445 
189,418 
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Sealton Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
118,260 
- 
Other debtors
81,417 
111,417 
199,677 
111,417 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,817 
21,127 
Taxes and social security
18,113 
8,392 
Other creditors
79,797 
55,797 
Loans from directors
91,020 
79,710 
199,747 
165,026 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
68,681 
21,681 
Non-equity preference shares
40,000 
64,000 
108,681 
85,681 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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