Registered number
06494241
Seabrook Digital Solutions Limited
Unaudited Filleted Accounts
28 February 2025
David Matthews BA FCA
Linwood
St Peters Road
Arnesby
Leicester
LE8 5WJ
Seabrook Digital Solutions Limited
Registered number: 06494241
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 42,894 54,684
Current assets
Debtors 4 37,232 32,897
Cash at bank and in hand 23,756 77,466
60,988 110,363
Creditors: amounts falling due within one year 5 (34,652) (38,416)
Net current assets 26,336 71,947
Total assets less current liabilities 69,230 126,631
Creditors: amounts falling due after more than one year 6 (14,247) (23,245)
Net assets 54,983 103,386
Capital and reserves
Called up share capital 2 2
Profit and loss account 54,981 103,384
Shareholders' funds 54,983 103,386
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M.J. Seabrook
Director
Approved by the board on 17 April 2025
Seabrook Digital Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Plant and machinery over 4 years
Office equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles Plant and machinery Office equipment Total
£ £ £ £
Cost
At 1 March 2024 54,990 20,751 13,463 89,204
Additions - - 2,508 2,508
At 28 February 2025 54,990 20,751 15,971 91,712
Depreciation
At 1 March 2024 18,903 5,277 10,340 34,520
Charge for the year 9,022 3,868 1,408 14,298
At 28 February 2025 27,925 9,145 11,748 48,818
Net book value
At 28 February 2025 27,065 11,606 4,223 42,894
At 29 February 2024 36,087 15,474 3,123 54,684
4 Debtors 2025 2024
£ £
Trade debtors 18,782 12,892
Other debtors 18,450 20,005
37,232 32,897
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 8,998 8,998
Taxation and social security costs 23,451 16,140
Other creditors 2,203 13,278
34,652 38,416
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 14,247 23,245
7 Other information
Seabrook Digital Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Linwood
St Peters Road
Arnesby
Leicester
LE8 5WJ
Seabrook Digital Solutions Limited 06494241 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts April 2025 M.J. Seabrook No description of principal activity 06494241 2023-03-01 2024-02-29 06494241 core:WithinOneYear 2024-02-29 06494241 core:AfterOneYear 2024-02-29 06494241 core:ShareCapital 2024-02-29 06494241 core:RetainedEarningsAccumulatedLosses 2024-02-29 06494241 2024-03-01 2025-02-28 06494241 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06494241 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 06494241 bus:Director40 2024-03-01 2025-02-28 06494241 1 2024-03-01 2025-02-28 06494241 2 2024-03-01 2025-02-28 06494241 core:LandBuildings 2024-03-01 2025-02-28 06494241 core:PlantMachinery 2024-03-01 2025-02-28 06494241 core:Vehicles 2024-03-01 2025-02-28 06494241 countries:England 2024-03-01 2025-02-28 06494241 bus:FRS102 2024-03-01 2025-02-28 06494241 bus:FilletedAccounts 2024-03-01 2025-02-28 06494241 2025-02-28 06494241 core:WithinOneYear 2025-02-28 06494241 core:AfterOneYear 2025-02-28 06494241 core:ShareCapital 2025-02-28 06494241 core:RetainedEarningsAccumulatedLosses 2025-02-28 06494241 core:LandBuildings 2025-02-28 06494241 core:PlantMachinery 2025-02-28 06494241 core:Vehicles 2025-02-28 06494241 2024-02-29 06494241 core:LandBuildings 2024-02-29 06494241 core:PlantMachinery 2024-02-29 06494241 core:Vehicles 2024-02-29 iso4217:GBP xbrli:pure