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REGISTERED NUMBER: 06303715 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Seastar Survey Limited

Seastar Survey Limited (Registered number: 06303715)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seastar Survey Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S R Dewey





REGISTERED OFFICE: 1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 06303715 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Seastar Survey Limited (Registered number: 06303715)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 81,109 66,007
81,109 66,007

CURRENT ASSETS
Debtors 6 169,015 100,181
Cash at bank 3,345 6,625
172,360 106,806
CREDITORS
Amounts falling due within one year 7 160,720 120,130
NET CURRENT ASSETS/(LIABILITIES) 11,640 (13,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,749

52,683

CREDITORS
Amounts falling due after more than one
year

8

(67,314

)

(54,212

)

PROVISIONS FOR LIABILITIES (10,980 ) (11,738 )
NET ASSETS/(LIABILITIES) 14,455 (13,267 )

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 14,365 (13,357 )
SHAREHOLDERS' FUNDS 14,455 (13,267 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Seastar Survey Limited (Registered number: 06303715)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





S R Dewey - Director


Seastar Survey Limited (Registered number: 06303715)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Seastar Survey Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Seastar Survey Limited (Registered number: 06303715)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 80,000
AMORTISATION
At 1 September 2023
and 31 August 2024 80,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Seastar Survey Limited (Registered number: 06303715)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 231,485
Additions 44,885
Disposals (31,183 )
At 31 August 2024 245,187
DEPRECIATION
At 1 September 2023 165,478
Charge for year 16,906
Eliminated on disposal (18,306 )
At 31 August 2024 164,078
NET BOOK VALUE
At 31 August 2024 81,109
At 31 August 2023 66,007

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 31,183
Additions 39,176
Disposals (31,183 )
At 31 August 2024 39,176
DEPRECIATION
At 1 September 2023 18,306
Charge for year 9,794
Eliminated on disposal (18,306 )
At 31 August 2024 9,794
NET BOOK VALUE
At 31 August 2024 29,382
At 31 August 2023 12,877

Seastar Survey Limited (Registered number: 06303715)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 65,514 18,420
Other debtors 103,501 81,761
169,015 100,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,799 5,656
Hire purchase contracts 4,183 14,350
Trade creditors 50,060 2,627
Taxation and social security 40,368 37,055
Other creditors 60,310 60,442
160,720 120,130

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 29,613 35,411
Hire purchase contracts 24,246 -
Other creditors 13,455 18,801
67,314 54,212

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,913 11,321

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 28,429 14,350

Bank borrowing is secured by a fixed and floating charge over the assets of the company.

The hire purchase debt is secured on the asset concerned.

Seastar Survey Limited (Registered number: 06303715)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
S R Dewey
Balance outstanding at start of year 10,499 1,710
Amounts advanced 24,204 15,362
Amounts repaid (34,703 ) (6,573 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,499

The above loan bears interest at the HMRC approved rate and is repayable on demand.