Company Registration No. 09288162 (England and Wales)
Safeseal Eastern Limited
Unaudited accounts
for the period from 1 November 2023 to 31 December 2024
Safeseal Eastern Limited
Unaudited accounts
Contents
Safeseal Eastern Limited
Company Information
for the period from 1 November 2023 to 31 December 2024
Directors
Phill Pluck
Samantha Pluck
Company Number
09288162 (England and Wales)
Registered Office
Unit 5
Station Yard, Wilbraham Road, Fulbourn
Cambridge
Cambridgeshire
CB21 5ET
England
Accountants
Coles Accounting (Cambridge) Limited
Newton Hall
Town Street, Newton
Cambridge
Cambridgeshire
CB22 7ZE
Safeseal Eastern Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
5,880
(39,061)
Creditors: amounts falling due within one year
(132,485)
(139,654)
Net current liabilities
(126,605)
(96,844)
Total assets less current liabilities
(126,605)
(81,268)
Creditors: amounts falling due after more than one year
-
(70,425)
Net liabilities
(126,605)
(151,693)
Called up share capital
100
100
Profit and loss account
(126,705)
(151,793)
Shareholders' funds
(126,605)
(151,693)
For the period ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
Phill Pluck
Director
Company Registration No. 09288162
Safeseal Eastern Limited
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
Safeseal Eastern Limited is a private company, limited by shares, registered in England and Wales, registration number 09288162. The registered office is Unit 5, Station Yard, Wilbraham Road, Fulbourn, Cambridge, Cambridgeshire, CB21 5ET, England. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
45,000
1,725
46,725
Disposals
(45,000)
(1,725)
(46,725)
At 1 November 2023
30,804
345
31,149
Charge for the period
2,839
276
3,115
On disposals
(33,643)
(621)
(34,264)
At 31 October 2023
14,196
1,380
15,576
Safeseal Eastern Limited
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
69,274
30,942
Obligations under finance leases and hire purchase contracts
-
9,806
Trade creditors
63,211
112,893
Taxes and social security
-
38,115
Loans from directors
-
(116,713)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
16,811
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan made
116,713
-
116,713
-
Loans made to directors were unsecured, interest-free and repayable on demand. The full value of the loan was repaid by the directors within 9 months of the year end.
9
Average number of employees
During the period the average number of employees was 4 (2023: 4).