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Logo On Report
Registered Number: 07301700
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 July 2024

for

SEED PACKERS LTD

Director Patrick Nesham
Registered Number 07301700
Registered Office 3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
  2024   2023
    £ £   £ £
Fixed assets   182,061      191,040 
Current assets 22,360      45,331   
Creditors: amount falling due within one year (9,439)     (17,902)  
Net current assets   12,921      27,429 
Total assets less current liabilities   194,982      218,469 
Creditors: amount falling due after more than one year   (47,329)     (48,033)
Net assets   147,653      170,436 
 

         
Capital and reserves   147,653      170,436 
 
NOTES TO THE ACCOUNTS

General Information
Seed Packers Ltd is a private company, limited by shares, registered in England and Wales, registration number 07301700, registration address 3 Brickfields Business Park, Old Stowmarket Road, Woolpit, Bury St Edmunds, IP30 9QS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Straight Line
Plant and Machinery 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 August 2023 155,123    95,409    250,532 
Additions    
Disposals    
At 31 July 2024 155,123    95,409    250,532 
Depreciation
At 01 August 2023   59,492    59,492 
Charge for year   8,979    8,979 
On disposals    
At 31 July 2024   68,471    68,471 
Net book values
Closing balance as at 31 July 2024 155,123    26,938    182,061 
Opening balance as at 01 August 2023 155,123    35,917    191,040 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).

4.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2024
£
 2023
£
 2024
£
 2023
£
Patrick Nesham(385)(215)

An amount was due to the director at the year end, this amount is interest free

For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 05 February 2025 and were signed by:


--------------------------------
Patrick Nesham
Director
2