Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31truetrue2023-08-01falseNo description of principal activity1114falsetruefalse 09903901 2023-08-01 2024-07-31 09903901 2022-08-01 2023-07-31 09903901 2024-07-31 09903901 2023-07-31 09903901 c:Director1 2023-08-01 2024-07-31 09903901 d:ComputerEquipment 2023-08-01 2024-07-31 09903901 d:ComputerEquipment 2024-07-31 09903901 d:ComputerEquipment 2023-07-31 09903901 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09903901 d:CurrentFinancialInstruments 2024-07-31 09903901 d:CurrentFinancialInstruments 2023-07-31 09903901 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 09903901 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09903901 d:ShareCapital 2024-07-31 09903901 d:ShareCapital 2023-07-31 09903901 d:RetainedEarningsAccumulatedLosses 2024-07-31 09903901 d:RetainedEarningsAccumulatedLosses 2023-07-31 09903901 c:FRS102 2023-08-01 2024-07-31 09903901 c:Audited 2023-08-01 2024-07-31 09903901 c:FullAccounts 2023-08-01 2024-07-31 09903901 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09903901 c:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09903901 2 2023-08-01 2024-07-31 09903901 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 09903901









SEABROOK GLOBAL LOGISTICS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
SEABROOK GLOBAL LOGISTICS LIMITED
REGISTERED NUMBER: 09903901

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
711
1,287

  
711
1,287

Current assets
  

Debtors: amounts falling due within one year
 5 
5,231,400
5,546,412

Cash at bank and in hand
 6 
185,330
224,913

  
5,416,730
5,771,325

Creditors: amounts falling due within one year
 7 
(1,535,867)
(1,911,932)

Net current assets
  
 
 
3,880,863
 
 
3,859,393

Total assets less current liabilities
  
3,881,574
3,860,680

  

Net assets
  
3,881,574
3,860,680


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
3,880,574
3,859,680

  
3,881,574
3,860,680


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 April 2025.




................................................
M R Seabrook
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
SEABROOK GLOBAL LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Seabrook Global Logistics Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 09903901. The address of the registered office is Admiral House, 853 London Road, West Thurrock, Essex, RM20 3LG. The company's principal activity is that of freight forwarding and brokerage services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presented in pounds sterling which is the functional currency of the Company, rounded to the nearest £1.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Seabrook Holdings Limited as at 31 July 2024 and these financial statements may be obtained from Companies House.

Page 2

 
SEABROOK GLOBAL LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from freight forwarding services
The provision for freight forwarding services include land freight and sea freight. Revenue is earned when the company acts as a freight consolidator in respect of land freight services, and as a non-vessel operating common carrier in respect of sea freight services. In both cases, the company acts as an indirect carrier and therefore revenue is recognised when the services are rendered, which coincide with the date of departure of shipments.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SEABROOK GLOBAL LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
SEABROOK GLOBAL LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 14).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 August 2023
2,885



At 31 July 2024

2,885



Depreciation


At 1 August 2023
1,598


Charge for the year on owned assets
576



At 31 July 2024

2,174



Net book value



At 31 July 2024
711



At 31 July 2023
1,287

Page 5

 
SEABROOK GLOBAL LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
784,077
906,119

Amounts owed by group undertakings
4,349,100
4,615,076

Other debtors
96,293
21,117

Prepayments and accrued income
1,930
4,100

5,231,400
5,546,412



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
185,330
224,913

185,330
224,913



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
979,691
1,004,836

Amounts owed to group undertakings
268,351
195,067

Other taxation and social security
10,736
448,424

Other creditors
7,869
56,766

Accruals and deferred income
269,220
206,839

1,535,867
1,911,932


The borrowings of the group are secured by a way of fixed and floating charges across the assets of the company. 


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,441 (2023: £15,348). Contributions totalling £2,263 (2023: £2,776) were payable to the fund at the balance sheet date and are included in creditors.

Page 6

 
SEABROOK GLOBAL LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Related party transactions

During the year, key management personnel remuneration totalled £151,265 (2023: £207,052)


10.


Controlling party

The ultimate parent company is Seabrook Holdings Limited, a company registered in England and Wales.
The ultimate controlling party is M Seabrook by virtue of his majority shareholding in the ultimate parent company. 


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 28 April 2025 by Laura Ambrose BA(Hons) FCA (Senior Statutory Auditor) on behalf of Haslers.

 
Page 7