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REGISTERED NUMBER: 11190973 (England and Wales)















Seahorse Environmental Communications
Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Seahorse Environmental Communications
Limited (Registered number: 11190973)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seahorse Environmental Communications
Limited

Company Information
for the year ended 31 March 2024







Directors: I E R Gornall
F A Gornall
A C Gornall
E Roberts
C Poggi





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 11190973 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Seahorse Environmental Communications
Limited (Registered number: 11190973)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,718 3,470

Current assets
Debtors 5 63,304 42,881
Cash at bank 327,156 193,837
390,460 236,718
Creditors
Amounts falling due within one year 6 108,837 134,981
Net current assets 281,623 101,737
Total assets less current liabilities 284,341 105,207

Capital and reserves
Called up share capital 7 1,250 1,000
Share premium 8 199,750 -
Retained earnings 8 83,341 104,207
Shareholders' funds 284,341 105,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





A C Gornall - Director


Seahorse Environmental Communications
Limited (Registered number: 11190973)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Seahorse Environmental Communications 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.

Going Concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Based on these assessments and the current resources available to the company, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 50% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Seahorse Environmental Communications
Limited (Registered number: 11190973)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Employees and directors

The average number of employees during the year was 11 (2023 - 11 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 April 2023 14,469
Additions 1,205
Disposals (3,717 )
At 31 March 2024 11,957
Depreciation
At 1 April 2023 10,999
Charge for year 1,957
Eliminated on disposal (3,717 )
At 31 March 2024 9,239
Net book value
At 31 March 2024 2,718
At 31 March 2023 3,470

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 59,040 33,600
Other debtors 4,264 9,281
63,304 42,881

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 10,766 21,544
Taxation and social security 51,344 61,171
Other creditors 46,727 52,266
108,837 134,981

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
125,000 Ordinary £0.01 1,250 1,000

During the year, the company issued new 25000 ordinary shares with nominal value @0.01.

Seahorse Environmental Communications
Limited (Registered number: 11190973)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 April 2023 104,207 - 104,207
Deficit for the year (20,866 ) (20,866 )
Bonus share issue - 199,750 199,750
At 31 March 2024 83,341 199,750 283,091