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REGISTERED NUMBER: 04740371 (England and Wales)















Seaford Health Store Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Seaford Health Store Limited (Registered number: 04740371)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seaford Health Store Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs S L Pollard
Mr D M Pollard





SECRETARY: Mrs S L Pollard





REGISTERED OFFICE: 26 Church Street
Seaford
East Sussex
BN25 1LD





REGISTERED NUMBER: 04740371 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Wilson House
48 Brooklyn Road
Seaford
East Sussex
BN25 2DX

Seaford Health Store Limited (Registered number: 04740371)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,964 3,750
Tangible assets 5 7,516 8,716
11,480 12,466

CURRENT ASSETS
Stocks 92,651 83,831
Debtors 6 8,309 8,613
Cash at bank and in hand 164,071 162,574
265,031 255,018
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

196,472

153,083
NET CURRENT ASSETS 68,559 101,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,039

114,401

PROVISIONS FOR LIABILITIES 1,879 1,675
NET ASSETS 78,160 112,726

CAPITAL AND RESERVES
Called up share capital 8 120 120
Retained earnings 78,040 112,606
SHAREHOLDERS' FUNDS 78,160 112,726

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

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

Seaford Health Store Limited (Registered number: 04740371)

Balance Sheet - continued
30 April 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 10 January 2025 and were signed on its behalf by:





Mr D M Pollard - Director


Seaford Health Store Limited (Registered number: 04740371)

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

1. STATUTORY INFORMATION

Seaford Health Store 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
The company's turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of five years.

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 - 25% on reducing balance and 20% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks have been valued at the lower of cost and net realisable value.

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.


Seaford Health Store Limited (Registered number: 04740371)

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes to employees' defined contribution pension schemes. Contributions payable to the pension schemes 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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 May 2023 200,000 9,375 209,375
Additions - 4,955 4,955
Disposals - (9,375 ) (9,375 )
At 30 April 2024 200,000 4,955 204,955
AMORTISATION
At 1 May 2023 200,000 5,625 205,625
Amortisation for year - 991 991
Eliminated on disposal - (5,625 ) (5,625 )
At 30 April 2024 200,000 991 200,991
NET BOOK VALUE
At 30 April 2024 - 3,964 3,964
At 30 April 2023 - 3,750 3,750

Seaford Health Store Limited (Registered number: 04740371)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 28,597 25,727 54,324
Additions 2,297 - 2,297
At 30 April 2024 30,894 25,727 56,621
DEPRECIATION
At 1 May 2023 20,590 25,018 45,608
Charge for year 3,318 179 3,497
At 30 April 2024 23,908 25,197 49,105
NET BOOK VALUE
At 30 April 2024 6,986 530 7,516
At 30 April 2023 8,007 709 8,716

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,036 -
Other debtors 3,273 8,613
8,309 8,613

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 107,678 78,320
Taxation and social security 60,416 53,069
Other creditors 28,378 21,694
196,472 153,083

Seaford Health Store Limited (Registered number: 04740371)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
20 Ordinary B £1 20 20
120 120

Ordinary A and Ordinary B shares rank pari passu in all respects.

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had outstanding operating lease commitments totalling £43,333 (2023 - £70,000)

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors £9,844 (2023 - £8,022). This loan is interest free, unsecured and repayable on demand.

During the year dividends were paid to directors totalling £172,000 (2023 - £162,000).