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Company Registration No. SC393602 (Scotland)
Seaxplore Limited Unaudited accounts for the year ended 28 February 2025
Seaxplore Limited Unaudited accounts Contents
Page
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Seaxplore Limited Company Information for the year ended 28 February 2025
Directors
Jill Catherine Mills Peter Fraser Watt
Company Number
SC393602 (Scotland)
Registered Office
Forest Place Duror Appin Argyll PA38 4BS Scotland
Accountants
Sarah Kennedy Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Seaxplore Limited for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Seaxplore Limited for the year ended 28 February 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Seaxplore Limited, as a body, in accordance with the terms of our engagement letter dated 29 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of Seaxplore Limited and state those matters that we have agreed to state to the Board of Directors of Seaxplore Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seaxplore Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Seaxplore Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Seaxplore Limited. You consider that Seaxplore Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Seaxplore Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sarah Kennedy Chartered Certified Accountants Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH 27 May 2025
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Seaxplore Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,040 
3,718 
Current assets
Debtors
2,896 
3,273 
Cash at bank and in hand
11,745 
7,827 
14,641 
11,100 
Creditors: amounts falling due within one year
(13,340)
(15,894)
Net current assets/(liabilities)
1,301 
(4,794)
Total assets less current liabilities
4,341 
(1,076)
Provisions for liabilities
Deferred tax
(760)
- 
Net assets/(liabilities)
3,581 
(1,076)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,579 
(1,078)
Shareholders' funds
3,581 
(1,076)
For the year ending 28 February 2025 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 27 May 2025 and were signed on its behalf by
Jill Catherine Mills Director Company Registration No. SC393602
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Seaxplore Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Seaxplore Limited is a private company, limited by shares, registered in Scotland, registration number SC393602. The registered office is Forest Place, Duror, Appin, Argyll, PA38 4BS, Scotland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% RB
Fixtures & fittings
15% RB
Computer equipment
25% RB
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
17,557 
3,876 
4,863 
26,296 
Additions
- 
- 
214 
214 
At 28 February 2025
17,557 
3,876 
5,077 
26,510 
Depreciation
At 1 March 2024
15,176 
3,241 
4,161 
22,578 
Charge for the year
595 
95 
202 
892 
At 28 February 2025
15,771 
3,336 
4,363 
23,470 
Net book value
At 28 February 2025
1,786 
540 
714 
3,040 
At 29 February 2024
2,381 
635 
702 
3,718 
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Seaxplore Limited Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
845 
- 
Accrued income and prepayments
2,051 
3,273 
2,896 
3,273 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
581 
- 
Loans from directors
10,010 
14,267 
Accruals
1,612 
493 
Deferred income
1,137 
1,134 
13,340 
15,894 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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