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REGISTERED NUMBER: SC438772 (Scotland)
















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Seamill Consultancy Limited

Seamill Consultancy Limited (Registered number: SC438772)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seamill Consultancy Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: John Collins





SECRETARY: Jane Collins





REGISTERED OFFICE: The South Gatehouse
120 Ardrossan Road
Seamill, West Kilbride
Ayrshire
KA23 9LX





REGISTERED NUMBER: SC438772 (Scotland)






Seamill Consultancy Limited (Registered number: SC438772)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 593 5,107
Investments 5 300,000 -
300,593 5,107

CURRENT ASSETS
Stocks 550 950
Debtors 6 190,155 269,238
Cash at bank 379,555 617,372
570,260 887,560
CREDITORS
Amounts falling due within one year 7 259,616 244,596
NET CURRENT ASSETS 310,644 642,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,237

648,071

CREDITORS
Amounts falling due after more than one year 8 (55,994 ) (100,833 )

PROVISIONS FOR LIABILITIES (148 ) (970 )
NET ASSETS 555,095 546,268

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 554,995 546,168
SHAREHOLDERS' FUNDS 555,095 546,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Seamill Consultancy Limited (Registered number: SC438772)

Balance Sheet - continued
30 April 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2024 and were signed by:





John Collins - Director


Seamill Consultancy Limited (Registered number: SC438772)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Seamill Consultancy Limited is a private company, limited by shares , registered in Scotland. 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
Going concern
The director has considered the financial position of the company, the resources available to it and the current trading conditions in concluding that it has the ability to meet commitments as they fall due for the foreseeable future. On that basis the director has prepared the accounts on a going concern basis.

Turnover/revenue recognition
Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company's activities.

Sales are presented, net of value-added tax, rebates and discounts.

The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the Company's activities are met. Work in progress is included in the accounts at the year end as amounts due under contract for services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


Seamill Consultancy Limited (Registered number: SC438772)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme in the form of employee personal pension plans. The contracts are between the individual and the pension provider and all funds are held externally by a third party pension provider. Pension contributions are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any).

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Amounts due under contract for services
The director has made certain assumptions and judgements about the future in relation to services provided to clients during the year which have not been billed but are recognised on the balance sheet as at 30 April 2022. However, in order to determine the value of these services, judgement is made by the director in order to value the amount due from customers in line with the fair value of the work performed. This includes any contingent elements to services provided and is also dependent on factors outside the control of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Seamill Consultancy Limited (Registered number: SC438772)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 22,329
DEPRECIATION
At 1 May 2022 17,222
Charge for year 4,514
At 30 April 2023 21,736
NET BOOK VALUE
At 30 April 2023 593
At 30 April 2022 5,107

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 300,000
At 30 April 2023 300,000
NET BOOK VALUE
At 30 April 2023 300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 106,848 87,778
Amounts recoverable on contracts 22,452 33,050
Other debtors 60,855 148,410
190,155 269,238

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Taxation and social security 175,242 185,340
Other creditors 74,374 49,256
259,616 244,596

Seamill Consultancy Limited (Registered number: SC438772)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 20,833 30,833
Other creditors 35,161 70,000
55,994 100,833

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000
Other loans 35,956 35,956
45,956 45,956

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000
Other loans - 1-2 years 35,161 40,000
45,161 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,833 20,833
Other loans - 2-5 years - 30,000
10,833 50,833

Bank and other loans are secured and interest is charged at a commercial rate of interest.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 660 660
Between one and five years - 660
660 1,320

Seamill Consultancy Limited (Registered number: SC438772)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2023 and the period ended 30 April 2022:

2023 2022
£    £   
John Collins
Balance outstanding at start of year 117,730 242,595
Amounts advanced 173,433 120,135
Amounts repaid (258,988 ) (245,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,175 117,730

The balance due to the company is repayable on demand. The loan was repaid following the financial year end. Interest is charged on the loan balance at a commercial rate of interest.

12. CONTROLLING PARTY

The ultimate controlling party is Mr J Collins by virtue of his position as director and owner of 51% of the issued share capital.