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REGISTERED NUMBER: 03546153 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

Seals Fodder Room Limited

Seals Fodder Room Limited (Registered number: 03546153)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seals Fodder Room Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs A Knowles
Mrs C A Walters





SECRETARY: Mrs C A Walters





REGISTERED OFFICE: The Mill
High Street
Swanwick
Derbyshire
DE55 1AA





REGISTERED NUMBER: 03546153 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

Seals Fodder Room Limited (Registered number: 03546153)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,674 95,695

CURRENT ASSETS
Stocks 5 152,427 178,285
Debtors 6 110,052 138,386
Cash at bank and in hand 367,230 281,756
629,709 598,427
CREDITORS
Amounts falling due within one year 7 275,127 305,511
NET CURRENT ASSETS 354,582 292,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,256

388,611

PROVISIONS FOR LIABILITIES 22,179 17,941
NET ASSETS 422,077 370,670

CAPITAL AND RESERVES
Called up share capital 8 500 500
Capital redemption reserve 500 500
Retained earnings 421,077 369,670
SHAREHOLDERS' FUNDS 422,077 370,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

Seals Fodder Room Limited (Registered number: 03546153)

Balance Sheet - continued
30 June 2024


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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




Mrs A Knowles - Director



Mrs C A Walters - Director


Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Seals Fodder Room 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost and 20% 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.

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


Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 26,126 28,314 472,207 39,624 566,271
Additions 99 516 39,026 273 39,914
Disposals (2,700 ) (201 ) - - (2,901 )
At 30 June 2024 23,525 28,629 511,233 39,897 603,284
DEPRECIATION
At 1 July 2023 25,778 24,838 391,125 28,835 470,576
Charge for year 120 1,219 41,396 3,198 45,933
Eliminated on disposal (2,699 ) (200 ) - - (2,899 )
At 30 June 2024 23,199 25,857 432,521 32,033 513,610
NET BOOK VALUE
At 30 June 2024 326 2,772 78,712 7,864 89,674
At 30 June 2023 348 3,476 81,082 10,789 95,695

5. STOCKS
2024 2023
£    £   
Raw materials and consumables 10,067 12,382
Finished goods 142,360 165,903
152,427 178,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,935 120,797
Other debtors 12,117 17,589
110,052 138,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 200,454 216,624
Taxation and social security 22,126 14,673
Other creditors 52,547 74,214
275,127 305,511

Seals Fodder Room Limited (Registered number: 03546153)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500