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SEAMSIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Seamsil Limited is a private Company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is Bankfield Mills, Stoneclough, Radcliffe, Manchester, M26 1AS.
The principle activity of the Company continues to be that of a dormant subsidiary.
2.Accounting policies
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Basis of preparation of financial statements
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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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The Companies functional and presentational currency is GBP.
These financial statements are rounded to the nearest Pound Sterling.
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances. Although these estimates are based on management's best knowledge of the amount,
events or actions, actual results ultimately may differ from those 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.
There are no critical accounting estimates or judgements applied by the directors which have a significant
impact on the amounts disclosed in the financial statements.
The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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