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REGISTERED NUMBER: 04383477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SEAGO & STOPPS LIMITED

SEAGO & STOPPS LIMITED (REGISTERED NUMBER: 04383477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEAGO & STOPPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J A Seago FCCA
A S Stopps FCCA ATT





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 04383477 (England and Wales)

SEAGO & STOPPS LIMITED (REGISTERED NUMBER: 04383477)

BALANCE SHEET
31 MARCH 2025

31.3.24 31.3.25
£    £    Notes £    £   
FIXED ASSETS
105,473 Intangible assets 4 52,741
234,667 Tangible assets 5 17,825
340,140 70,566

CURRENT ASSETS
38,271 Stocks 6 71,084
62,320 Debtors 7 282,294
121,088 Cash at bank and in hand 102,700
221,679 456,078
CREDITORS
101,123 Amounts falling due within one year 8 92,168
120,556 NET CURRENT ASSETS 363,910
460,696 TOTAL ASSETS LESS CURRENT
LIABILITIES

434,476

CREDITORS
(13,333 ) Amounts falling due after more than one
year

9

(3,300

)

(3,915 ) PROVISIONS FOR LIABILITIES (4,456 )
443,448 NET ASSETS 426,720

SEAGO & STOPPS LIMITED (REGISTERED NUMBER: 04383477)

BALANCE SHEET - continued
31 MARCH 2025

31.3.24 31.3.25
£    £    Notes £    £   
CAPITAL AND RESERVES
200 Called up share capital 200
443,248 Retained earnings 426,520
443,448 SHAREHOLDERS' FUNDS 426,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 April 2025 and were signed on its behalf by:





A S Stopps FCCA ATT - Director


SEAGO & STOPPS LIMITED (REGISTERED NUMBER: 04383477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Seago & Stopps 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 represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Intangible assets - goodwill
Goodwill is being amortised over a period of ten years, being its estimated useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plan and machinery - 25% on reducing balance.

The company's freehold property was disposed of during the year.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


SEAGO & STOPPS LIMITED (REGISTERED NUMBER: 04383477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 535,009
AMORTISATION
At 1 April 2024 429,536
Amortisation for year 52,732
At 31 March 2025 482,268
NET BOOK VALUE
At 31 March 2025 52,741
At 31 March 2024 105,473

SEAGO & STOPPS LIMITED (REGISTERED NUMBER: 04383477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST
At 1 April 2024 277,407 219,008 58,399
Additions 8,931 - 8,931
Disposals (221,112 ) (219,008 ) (2,104 )
At 31 March 2025 65,226 - 65,226
DEPRECIATION
At 1 April 2024 42,740 - 42,740
Charge for year 5,872 - 5,872
Eliminated on disposal (1,211 ) - (1,211 )
At 31 March 2025 47,401 - 47,401
NET BOOK VALUE
At 31 March 2025 17,825 - 17,825
At 31 March 2024 234,667 219,008 15,659

6. STOCKS
31.3.25 31.3.24
£    £   
Work-in-progress 71,084 38,271

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 57,902 57,322
Other debtors 224,392 4,998
282,294 62,320

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,975 1,605
Taxation and social security 79,090 86,865
Other creditors 1,103 2,653
92,168 101,123

SEAGO & STOPPS LIMITED (REGISTERED NUMBER: 04383477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 3,300 13,333