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REGISTERED NUMBER: 00780724 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Seal Seam Limited

Seal Seam Limited (Registered number: 00780724)






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


Seal Seam Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: F D Brackenbury





SECRETARY: F D Brackenbury





REGISTERED OFFICE: Orpwoods Farm
Great Milton
Oxfordshire
OX44 7JD





REGISTERED NUMBER: 00780724 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Seal Seam Limited (Registered number: 00780724)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,337 9,095

CURRENT ASSETS
Stocks 25,462 24,471
Debtors 5 22,736 20,624
Cash at bank 28,943 16,536
77,141 61,631
CREDITORS
Amounts falling due within one year 6 47,385 49,574
NET CURRENT ASSETS 29,756 12,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,093

21,152

PROVISIONS FOR LIABILITIES 8 1,014 1,728
NET ASSETS 34,079 19,424

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Retained earnings 10 29,079 14,424
SHAREHOLDERS' FUNDS 34,079 19,424

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 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.

Seal Seam Limited (Registered number: 00780724)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





F D Brackenbury - Director


Seal Seam Limited (Registered number: 00780724)

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

1. STATUTORY INFORMATION

Seal Seam 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.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 18% on reducing balance

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 Income Statement, 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.

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 defined contribution pension plans for its employees. A defined contribution plan is a pension plan under which the company pays contributions into a separate entity and has no further payment obligations.

Contributions are charged to profit or loss in the period in which they are made. The assets of the plans are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Seal Seam Limited (Registered number: 00780724)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 15,703 48,375 64,078
DEPRECIATION
At 1 May 2023 15,703 39,280 54,983
Charge for year - 3,758 3,758
At 30 April 2024 15,703 43,038 58,741
NET BOOK VALUE
At 30 April 2024 - 5,337 5,337
At 30 April 2023 - 9,095 9,095

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 17,988 16,359
Other debtors 4,748 4,265
22,736 20,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 10,106 10,725
Taxation and social security 13,131 8,690
Other creditors 24,148 30,159
47,385 49,574

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 2,500 2,917

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 1,014 1,728

Seal Seam Limited (Registered number: 00780724)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 1,728
Accelerated capital allowances (714 )
Balance at 30 April 2024 1,014

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
5,000 Ordinary £1 5,000 5,000

10. RESERVES
Retained
earnings
£   

At 1 May 2023 14,424
Profit for the year 15,655
Dividends (1,000 )
At 30 April 2024 29,079

11. RELATED PARTY DISCLOSURES

At the start of the year the Directors Loan Account had a credit balance of £29,457. At the end of the year the credit balance was £23,362.

There are no fixed terms for repayment of this balance. No interest was charged.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the director who holds 100% of the issued share capital.