IRIS Accounts Production v25.1.0.734 07211195 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072111952023-12-31072111952024-12-31072111952024-01-012024-12-31072111952022-12-31072111952023-01-012023-12-31072111952023-12-3107211195ns15:EnglandWales2024-01-012024-12-3107211195ns14:PoundSterling2024-01-012024-12-3107211195ns10:Director12024-01-012024-12-3107211195ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107211195ns10:SmallEntities2024-01-012024-12-3107211195ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107211195ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107211195ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107211195ns10:FullAccounts2024-01-012024-12-310721119512024-01-012024-12-3107211195ns10:Director32024-01-012024-12-3107211195ns10:CompanySecretary12024-01-012024-12-3107211195ns10:RegisteredOffice2024-01-012024-12-3107211195ns5:CurrentFinancialInstruments2024-12-3107211195ns5:CurrentFinancialInstruments2023-12-3107211195ns5:Non-currentFinancialInstruments2024-12-3107211195ns5:Non-currentFinancialInstruments2023-12-3107211195ns5:ShareCapital2024-12-3107211195ns5:ShareCapital2023-12-3107211195ns5:RetainedEarningsAccumulatedLosses2024-12-3107211195ns5:RetainedEarningsAccumulatedLosses2023-12-3107211195ns5:NetGoodwill2024-01-012024-12-3107211195ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3107211195ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3107211195ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-3107211195ns5:PlantMachinery2024-01-012024-12-3107211195ns5:MotorVehicles2024-01-012024-12-3107211195ns5:ComputerEquipment2024-01-012024-12-3107211195ns5:NetGoodwill2023-12-3107211195ns5:NetGoodwill2024-12-3107211195ns5:NetGoodwill2023-12-3107211195ns5:LandBuildings2023-12-3107211195ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3107211195ns5:PlantMachinery2023-12-3107211195ns5:LandBuildings2024-01-012024-12-3107211195ns5:LandBuildings2024-12-3107211195ns5:LongLeaseholdAssetsns5:LandBuildings2024-12-3107211195ns5:PlantMachinery2024-12-3107211195ns5:LandBuildings2023-12-3107211195ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3107211195ns5:PlantMachinery2023-12-3107211195ns5:MotorVehicles2023-12-3107211195ns5:ComputerEquipment2023-12-3107211195ns5:MotorVehicles2024-12-3107211195ns5:ComputerEquipment2024-12-3107211195ns5:MotorVehicles2023-12-3107211195ns5:ComputerEquipment2023-12-3107211195ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107211195ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107211195ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3107211195ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3107211195ns5:Secured2024-12-3107211195ns5:Secured2023-12-3107211195ns5:RetainedEarningsAccumulatedLosses2023-12-3107211195ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3107211195ns10:Director22024-01-012024-12-3107211195ns10:Director222023-12-3107211195ns10:Director222022-12-3107211195ns10:Director222024-01-012024-12-3107211195ns10:Director222023-01-012023-12-3107211195ns10:Director222024-12-3107211195ns10:Director222023-12-31072111951ns10:Director12023-12-31072111951ns10:Director12022-12-31072111951ns10:Director12024-01-012024-12-31072111951ns10:Director12023-01-012023-12-31072111951ns10:Director12024-12-31072111951ns10:Director12023-12-31072111953ns10:Director32023-12-31072111953ns10:Director32022-12-31072111953ns10:Director32024-01-012024-12-31072111953ns10:Director32023-01-012023-12-31072111953ns10:Director32024-12-31072111953ns10:Director32023-12-31
REGISTERED NUMBER: 07211195 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SEACROFT MOBILITY LIMITED

SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SEACROFT MOBILITY LIMITED

Company Information
for the year ended 31 December 2024







Directors: Mr D Swain
Miss L Swain





Secretary: Mrs A Swain





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 07211195 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Statement of Financial Position
31 December 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 278,726 453,245
278,726 453,245

Current assets
Stocks 6 416,431 445,630
Debtors 7 154,423 128,063
Cash at bank and in hand 278,304 256,008
849,158 829,701
Creditors
Amounts falling due within one year 8 836,217 621,289
Net current assets 12,941 208,412
Total assets less current liabilities 291,667 661,657

Creditors
Amounts falling due after more than one year 9 (42,803 ) (71,854 )

Provisions for liabilities (32,399 ) (39,943 )
Net assets 216,465 549,860

Capital and reserves
Called up share capital 4,100 7,000
Retained earnings 11 212,365 542,860
Shareholders' funds 216,465 549,860

SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Statement of Financial Position - continued
31 December 2024


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

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

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 8 April 2025 and were signed on its behalf by:





Mr D Swain - Director


SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Seacroft Mobility 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Tenants fixtures - 4% on cost and 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

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.

Pension costs and other post-retirement benefits
The company has introduced a compliant autoenrolment pension scheme, that is open to all eligible employees.

3. Employees and directors

The average number of employees during the year was 31 (2023 - 34 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
and 31 December 2024 65,700
Amortisation
At 1 January 2024
and 31 December 2024 65,700
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. Tangible fixed assets
Freehold Tenants Plant and
property fixtures machinery
£ £ £
Cost
At 1 January 2024 151,422 181,935 30,500
Disposals (130,223 ) - -
At 31 December 2024 21,199 181,935 30,500
Depreciation
At 1 January 2024 21,199 28,798 23,779
Charge for year - 4,008 1,008
Eliminated on disposal - - -
At 31 December 2024 21,199 32,806 24,787
Net book value
At 31 December 2024 - 149,129 5,713
At 31 December 2023 130,223 153,137 6,721

SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 January 2024 290,843 48,303 703,003
Disposals (11,300 ) - (141,523 )
At 31 December 2024 279,543 48,303 561,480
Depreciation
At 1 January 2024 127,945 48,037 249,758
Charge for year 34,081 40 39,137
Eliminated on disposal (6,141 ) - (6,141 )
At 31 December 2024 155,885 48,077 282,754
Net book value
At 31 December 2024 123,658 226 278,726
At 31 December 2023 162,898 266 453,245

The net book value of tangible fixed assets includes £ 39,590 (2023 - £ 46,577 ) in respect of assets held under hire purchase contracts.

6. Stocks
2024 2023
£ £
Stocks 416,431 445,630

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 116,543 78,987
VAT 18,362 28,930
Prepayments 19,518 20,146
154,423 128,063

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 20,261 19,622
Trade creditors 250,959 261,728
Corporation tax 79,991 57,513
Social security and other taxes 12,352 11,772
Other creditors 433,750 223,750
Directors' loan accounts 28,256 36,256
836,217 621,289

SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 2-5 years 5,842 15,962
Hire purchase contracts 36,961 55,892
42,803 71,854

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 16,490 26,610
Hire purchase contracts 57,222 75,514
73,712 102,124

The hire purchase creditors are secured on the asset financed.

11. Reserves
Retained
earnings
£

At 1 January 2024 542,860
Profit for the year 236,003
Dividends (89,398 )
Purchase of own shares (477,100 )
At 31 December 2024 212,365

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
Mrs A Swain
Balance outstanding at start of year (36,656 ) (50,569 )
Amounts advanced 8,000 13,913
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,656 ) (36,656 )

Mr D Swain
Balance outstanding at start of year - (324 )
Amounts advanced - 324
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

SEACROFT MOBILITY LIMITED (REGISTERED NUMBER: 07211195)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


12. Directors' advances, credits and guarantees - continued

Miss L Swain
Balance outstanding at start of year - (322 )
Amounts advanced - 322
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -