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REGISTERED NUMBER: 07542687 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SEAN POWER LIMITED

SEAN POWER LIMITED (REGISTERED NUMBER: 07542687)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEAN POWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Copsey
S Isaac





REGISTERED OFFICE: Enville Golf Shop
Highgate Common
Enville
Stourbridge
West Midlands
DY7 5BN





REGISTERED NUMBER: 07542687 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

SEAN POWER LIMITED (REGISTERED NUMBER: 07542687)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,018 9,849

CURRENT ASSETS
Stocks 118,407 112,194
Debtors 5 16,258 15,165
Cash at bank 187,467 274,014
322,132 401,373
CREDITORS
Amounts falling due within one year 6 162,532 178,463
NET CURRENT ASSETS 159,600 222,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,618

232,759

CREDITORS
Amounts falling due after more than
one year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (2,005 ) (2,463 )
NET ASSETS 153,946 208,629

CAPITAL AND RESERVES
Called up share capital 20 20
Capital redemption reserve 80 80
Retained earnings 153,846 208,529
SHAREHOLDERS' FUNDS 153,946 208,629

SEAN POWER LIMITED (REGISTERED NUMBER: 07542687)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





S Isaac - Director


SEAN POWER LIMITED (REGISTERED NUMBER: 07542687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sean Power 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.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplies during the year, exclusive of Value Added Tax and trade discounts.

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 - 10% on cost
Fixtures and fittings - 10% on cost
Office equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern
The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis appropriate in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SEAN POWER LIMITED (REGISTERED NUMBER: 07542687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 7,216 23,933 2,924 34,073
DEPRECIATION
At 1 April 2023 1,444 21,682 1,098 24,224
Charge for year 722 524 585 1,831
At 31 March 2024 2,166 22,206 1,683 26,055
NET BOOK VALUE
At 31 March 2024 5,050 1,727 1,241 8,018
At 31 March 2023 5,772 2,251 1,826 9,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,801 3,879
VAT 6,452 6,491
Prepayments 5,005 4,795
16,258 15,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 142,760 151,763
Taxation and social security 5,703 13,115
Other creditors 4,069 3,585
162,532 178,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

SEAN POWER LIMITED (REGISTERED NUMBER: 07542687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PENSION COMMITMENTS

During the year the company paid into a defined contribution pension scheme for its employees. As at the balance sheet date £817 (2023: £806) was due to the pension scheme and is shown within other creditors.