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REGISTERED NUMBER: 07561770 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SEASIDE ROCK & GIFTS LIMITED

SEASIDE ROCK & GIFTS LIMITED (REGISTERED NUMBER: 07561770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEASIDE ROCK & GIFTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J T Chapman
C M Chapman





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 07561770 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

SEASIDE ROCK & GIFTS LIMITED (REGISTERED NUMBER: 07561770)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,015

CURRENT ASSETS
Stocks - 15,907
Debtors 5 12,633 59,571
Cash at bank 14 106
12,647 75,584
CREDITORS
Amounts falling due within one year 6 36,110 64,993
NET CURRENT (LIABILITIES)/ASSETS (23,463 ) 10,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,463

)

20,606

CREDITORS
Amounts falling due after more than one
year

7

27,058

29,574
NET LIABILITIES (50,521 ) (8,968 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (50,621 ) (9,068 )
SHAREHOLDERS' FUNDS (50,521 ) (8,968 )

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

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

The directors acknowledge their 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.

SEASIDE ROCK & GIFTS LIMITED (REGISTERED NUMBER: 07561770)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:




J T Chapman - Director



C M Chapman - Director


SEASIDE ROCK & GIFTS LIMITED (REGISTERED NUMBER: 07561770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Seaside Rock & Gifts 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.

The company ceased trading on 7 October 2024.

Turnover
Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, in the sale of seaside rock, confectionary and other seaside gifts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

SEASIDE ROCK & GIFTS LIMITED (REGISTERED NUMBER: 07561770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,154
Disposals (12,154 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 2,139
Charge for year 1,502
Eliminated on disposal (3,641 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 10,015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates 759 -
Other debtors 11,874 59,571
12,633 59,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,667 4,667
Trade creditors - 24,174
Taxation and social security 29,499 34,590
Other creditors 1,944 1,562
36,110 64,993

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 27,058 29,574

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,391 10,907

SEASIDE ROCK & GIFTS LIMITED (REGISTERED NUMBER: 07561770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J T Chapman and C M Chapman
Balance outstanding at start of year 29,912 624
Amounts advanced 9,476 43,762
Amounts repaid (39,388 ) (14,474 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,912