2023-03-012024-02-292024-02-29false11215308SEADALL 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SEADALL LIMITED

Registered Number
11215308
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SEADALL LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

SEARRO, Louise Elizabeth
SEARRO, Marvin David

Registered Address

Unit G21 Eleventh Avenue North
Team Valley Trading Estate
Gateshead
NE11 0NJ

Registered Number

11215308 (England and Wales)
SEADALL LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,6036,513
6,6036,513
Current assets
Debtors42,10110,395
Cash at bank and on hand18,30512,937
20,40623,332
Creditors amounts falling due within one year5(72,197)(64,380)
Net current assets (liabilities)(51,791)(41,048)
Total assets less current liabilities(45,188)(34,535)
Creditors amounts falling due after one year6(20,692)(24,596)
Net assets(65,880)(59,131)
Capital and reserves
Called up share capital100100
Profit and loss account(65,980)(59,231)
Shareholders' funds(65,880)(59,131)
The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2024, and are signed on its behalf by:
SEARRO, Marvin David
Director
Registered Company No. 11215308
SEADALL LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 2314,26514,265
Additions3,0823,082
At 29 February 2417,34717,347
Depreciation and impairment
At 01 March 237,7527,752
Charge for year2,9922,992
At 29 February 2410,74410,744
Net book value
At 29 February 246,6036,603
At 28 February 236,5136,513
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-8,316
Other debtors2,1012,079
Total2,10110,395
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,5824,000
Bank borrowings and overdrafts3,4923,492
Amounts owed to related parties414,875
Taxation and social security65,41940,354
Other creditors-1,000
Accrued liabilities and deferred income700659
Total72,19764,380
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,69224,596
Total20,69224,596