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REGISTERED NUMBER: 05596394 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

INTERSEAL (UK) LTD

INTERSEAL (UK) LTD (REGISTERED NUMBER: 05596394)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERSEAL (UK) LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: P S Reedman
M Chambers





SECRETARY: P S Reedman





REGISTERED OFFICE: 42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 05596394 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

INTERSEAL (UK) LTD (REGISTERED NUMBER: 05596394)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,792 190,982

CURRENT ASSETS
Debtors 5 565,260 558,904
Cash at bank and in hand 36,055 44,500
601,315 603,404
CREDITORS
Amounts falling due within one year 6 284,241 396,334
NET CURRENT ASSETS 317,074 207,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,866

398,052

CREDITORS
Amounts falling due after more than one
year

7

(292,856

)

(217,376

)

PROVISIONS FOR LIABILITIES (28,396 ) (25,416 )
NET ASSETS 208,614 155,260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 208,514 155,160
208,614 155,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

INTERSEAL (UK) LTD (REGISTERED NUMBER: 05596394)

BALANCE SHEET - continued
31 March 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 Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





P S Reedman - Director


INTERSEAL (UK) LTD (REGISTERED NUMBER: 05596394)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Interseal (UK) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INTERSEAL (UK) LTD (REGISTERED NUMBER: 05596394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 282,308
Additions 106,436
Disposals (28,254 )
At 31 March 2024 360,490
DEPRECIATION
At 1 April 2023 91,326
Charge for year 61,081
Eliminated on disposal (4,709 )
At 31 March 2024 147,698
NET BOOK VALUE
At 31 March 2024 212,792
At 31 March 2023 190,982

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 194,997
Additions 91,701
Disposals (28,254 )
At 31 March 2024 258,444
DEPRECIATION
At 1 April 2023 31,699
Charge for year 52,444
Eliminated on disposal (4,709 )
At 31 March 2024 79,434
NET BOOK VALUE
At 31 March 2024 179,010
At 31 March 2023 163,298

INTERSEAL (UK) LTD (REGISTERED NUMBER: 05596394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 145,313 280,840
Other debtors 419,947 278,064
565,260 558,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,445 15,336
Other loans 21,775 29,463
Hire purchase contracts and finance leases 46,668 30,346
Trade creditors 78,638 191,251
Tax 51,001 26,569
Social security and other taxes 22,818 6,033
VAT 11,374 37,598
Other creditors 20,395 32,863
Directors' current accounts 1,589 14,415
Accruals and deferred income 18,538 12,460
284,241 396,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 12,465 24,411
Other loans - 2-5 years 132,252 46,074
Hire purchase contracts and finance leases 148,139 146,891
292,856 217,376

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P S Reedman
Balance outstanding at start of year (2,826 ) (326 )
Amounts advanced 85,769 32,500
Amounts repaid (61,000 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,943 (2,826 )

9. RELATED PARTY DISCLOSURES

During the year the company paid for rent and other services amounting to £28,500 (2023 - £24,160) to PR Properties, a business owned by Mr P Reedman for the use of freehold property.