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Registered number: 05983784
Sea-fire (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Garrett Adam Accountants Limited
ACCA
3 Johnson's Barns
Waterworks Road
Petersfield
Hampshire
GU32 2BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05983784
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 606,005 614,255
Investments 5 1 1
606,006 614,256
CURRENT ASSETS
Debtors 6 60,700 160,495
Cash at bank and in hand 738,772 700,149
799,472 860,644
Creditors: Amounts Falling Due Within One Year 7 (60,927 ) (122,198 )
NET CURRENT ASSETS (LIABILITIES) 738,545 738,446
TOTAL ASSETS LESS CURRENT LIABILITIES 1,344,551 1,352,702
NET ASSETS 1,344,551 1,352,702
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,344,549 1,352,700
SHAREHOLDERS' FUNDS 1,344,551 1,352,702
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr E Ellis
Director
08/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sea-fire (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05983784 . The registered office is D2 Discovery Voyager Park, Portfield Road, Portsmouth, Hampshire, PO3 5FN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Nil
Plant & Machinery 20% Reducing balance
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 573,006 196,689 769,695
As at 30 April 2024 573,006 196,689 769,695
Depreciation
As at 1 May 2023 - 155,440 155,440
Provided during the period - 8,250 8,250
As at 30 April 2024 - 163,690 163,690
Net Book Value
As at 30 April 2024 573,006 32,999 606,005
As at 1 May 2023 573,006 41,249 614,255
5. Investments
Unlisted
£
Cost
As at 1 May 2023 1
As at 30 April 2024 1
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 1
As at 1 May 2023 1
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,927 1,428
Other debtors 2,084 2,084
VAT 351 335
Director's loan account - 310
Amounts owed by subsidiaries 56,338 156,338
60,700 160,495
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,952 1,189
Corporation tax 124 19,962
Other creditors 327 327
Accruals and deferred income 51,524 100,720
60,927 122,198
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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