2023-11-012024-10-312024-10-31false07822928SPECIALIST SEALING PRODUCTS (WEST YORKSHIRE) 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SPECIALIST SEALING PRODUCTS (WEST YORKSHIRE) LIMITED

Registered Number
07822928
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

SPECIALIST SEALING PRODUCTS (WEST YORKSHIRE) LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

DIXON, Angelina
DIXON, Gavin

Registered Address

2 Heron Close
Harden
Bingley
BD16 1QN

Registered Number

07822928 (England and Wales)
SPECIALIST SEALING PRODUCTS (WEST YORKSHIRE) LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets370,57964,249
70,57964,249
Current assets
Stocks10,0001,500
Debtors69,92361,519
Cash at bank and on hand19,05629,209
98,97992,228
Creditors amounts falling due within one year(63,708)(68,004)
Net current assets (liabilities)35,27124,224
Total assets less current liabilities105,85088,473
Creditors amounts falling due after one year(25,383)-
Net assets80,46788,473
Capital and reserves
Called up share capital22
Profit and loss account80,46588,471
Shareholders' funds80,46788,473
The financial statements were approved and authorised for issue by the Board of Directors on 14 January 2025, and are signed on its behalf by:
DIXON, Gavin
Director
Registered Company No. 07822928
SPECIALIST SEALING PRODUCTS (WEST YORKSHIRE) LIMITED
Notes to the Financial Statements
for the year ended 31 October 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Fixtures and fittings-3
Vehicles25-
Office Equipment-4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 23102,245
Additions24,630
At 31 October 24126,875
Depreciation and impairment
At 01 November 2337,996
Charge for year18,300
At 31 October 2456,296
Net book value
At 31 October 2470,579
At 31 October 2364,249