Company registration number 05428400 (England and Wales)
SEAGULL BOOKS LONDON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
SEAGULL BOOKS LONDON LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
SEAGULL BOOKS LONDON LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
32,227
32,227
Tangible assets
5
1,459
1,945
33,686
34,172
Current assets
Stocks
387,047
388,801
Debtors
6
49,052
56,957
Cash at bank and in hand
89,719
102,518
525,818
548,276
Creditors: amounts falling due within one year
7
(162,500)
(175,838)
Net current assets
363,318
372,438
Total assets less current liabilities
397,004
406,610
Creditors: amounts falling due after more than one year
8
(10,065)
(22,697)
Net assets
386,939
383,913
Capital and reserves
Called up share capital
462,500
462,500
Profit and loss reserves
(75,561)
(78,587)
Total equity
386,939
383,913
SEAGULL BOOKS LONDON LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 April 2025 and are signed on its behalf by:
Mr. Ravindra Kapoor
Director
Company registration number 05428400 (England and Wales)
SEAGULL BOOKS LONDON LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024
30 April 2024
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Seagull Books London Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1276/1278 Greenford Road, Greenford, Middlesex, UB6 0HH.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

2.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents
Nil
2.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

SEAGULL BOOKS LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
2
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.5
Stocks

Stock and work in progress are valued at the lower of cost and net realisable value.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
6
4
Intangible fixed assets
Patents
£
Cost
At 1 May 2023 and 30 April 2024
32,227
Amortisation and impairment
At 1 May 2023 and 30 April 2024
-
0
Carrying amount
At 30 April 2024
32,227
At 30 April 2023
32,227
SEAGULL BOOKS LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
5
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 May 2023 and 30 April 2024
13,802
Depreciation and impairment
At 1 May 2023
11,857
Depreciation charged in the year
486
At 30 April 2024
12,343
Carrying amount
At 30 April 2024
1,459
At 30 April 2023
1,945
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,539
13,468
Other debtors
43,513
43,489
49,052
56,957
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
11,536
9,761
Trade creditors
71,704
102,467
Other creditors
79,260
63,610
162,500
175,838
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,065
22,697
2024-04-302023-05-01falsefalsefalse11 April 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr. Ravindra Kishore KapoorMr. Naveen KishoreR SchechnerC RobinsonB SamaddarS Banerjee054284002023-05-012024-04-30054284002024-04-30054284002023-04-3005428400core:PatentsTrademarksLicencesConcessionsSimilar2024-04-3005428400core:PatentsTrademarksLicencesConcessionsSimilar2023-04-3005428400core:FurnitureFittings2024-04-3005428400core:FurnitureFittings2023-04-3005428400core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3005428400core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3005428400core:ShareCapital2024-04-3005428400core:ShareCapital2023-04-3005428400core:RetainedEarningsAccumulatedLosses2024-04-3005428400core:RetainedEarningsAccumulatedLosses2023-04-3005428400bus:Director12023-05-012024-04-3005428400core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3005428400core:FurnitureFittings2023-05-012024-04-30054284002022-05-012023-04-3005428400core:PatentsTrademarksLicencesConcessionsSimilar2023-04-3005428400core:FurnitureFittings2023-04-3005428400core:CurrentFinancialInstruments2024-04-3005428400core:CurrentFinancialInstruments2023-04-3005428400core:WithinOneYear2024-04-3005428400core:WithinOneYear2023-04-3005428400core:Non-currentFinancialInstruments2024-04-3005428400core:Non-currentFinancialInstruments2023-04-3005428400bus:PrivateLimitedCompanyLtd2023-05-012024-04-3005428400bus:FRS1022023-05-012024-04-3005428400bus:AuditExemptWithAccountantsReport2023-05-012024-04-3005428400bus:Director22023-05-012024-04-3005428400bus:Director32023-05-012024-04-3005428400bus:Director42023-05-012024-04-3005428400bus:Director52023-05-012024-04-3005428400bus:Director62023-05-012024-04-3005428400bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005428400bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP