Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity78truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03464200 2024-04-01 2025-03-31 03464200 2023-04-01 2024-03-31 03464200 2025-03-31 03464200 2024-03-31 03464200 c:Director2 2024-04-01 2025-03-31 03464200 c:Director4 2024-04-01 2025-03-31 03464200 c:RegisteredOffice 2024-04-01 2025-03-31 03464200 c:Agent1 2024-04-01 2025-03-31 03464200 d:PlantMachinery 2024-04-01 2025-03-31 03464200 d:PlantMachinery 2025-03-31 03464200 d:PlantMachinery 2024-03-31 03464200 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03464200 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03464200 d:MotorVehicles 2024-04-01 2025-03-31 03464200 d:MotorVehicles 2025-03-31 03464200 d:MotorVehicles 2024-03-31 03464200 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03464200 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03464200 d:ComputerEquipment 2024-04-01 2025-03-31 03464200 d:ComputerEquipment 2025-03-31 03464200 d:ComputerEquipment 2024-03-31 03464200 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03464200 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03464200 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03464200 d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03464200 d:CurrentFinancialInstruments 2025-03-31 03464200 d:CurrentFinancialInstruments 2024-03-31 03464200 d:Non-currentFinancialInstruments 2025-03-31 03464200 d:Non-currentFinancialInstruments 2024-03-31 03464200 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03464200 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03464200 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 03464200 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03464200 d:ShareCapital 2025-03-31 03464200 d:ShareCapital 2024-03-31 03464200 d:CapitalRedemptionReserve 2025-03-31 03464200 d:CapitalRedemptionReserve 2024-03-31 03464200 d:RetainedEarningsAccumulatedLosses 2025-03-31 03464200 d:RetainedEarningsAccumulatedLosses 2024-03-31 03464200 c:FRS102 2024-04-01 2025-03-31 03464200 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03464200 c:FullAccounts 2024-04-01 2025-03-31 03464200 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03464200 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 03464200 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03464200 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 03464200







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


SEALANTS INTERNATIONAL LIMITED






































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SEALANTS INTERNATIONAL LIMITED
 


 
COMPANY INFORMATION


Directors
F. J. Parlour 
K. H. Parlour 




Registered number
03464200



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Trading Address
Farndon Business Centre
Market Harborough

Leicestershire

LE16 9NP






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP




Bankers
Barclays Bank Plc

Leicester

LE87 2BB





 


SEALANTS INTERNATIONAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


SEALANTS INTERNATIONAL LIMITED
REGISTERED NUMBER:03464200



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
397,963
472,457

  
397,963
472,457

Current assets
  

Stocks
  
439,821
361,565

Debtors: amounts falling due within one year
 5 
244,837
238,881

Cash at bank and in hand
  
492,084
341,747

  
1,176,742
942,193

Creditors: amounts falling due within one year
 6 
(423,798)
(305,746)

Net current assets
  
 
 
752,944
 
 
636,447

Total assets less current liabilities
  
1,150,907
1,108,904

Creditors: amounts falling due after more than one year
 7 
(5,301)
(26,504)

Provisions for liabilities
  

Deferred tax
 8 
(82,421)
(43,089)

  
 
 
(82,421)
 
 
(43,089)

Net assets
  
1,063,185
1,039,311


Capital and reserves
  

Called up share capital 
  
62
62

Capital redemption reserve
  
38
38

Profit and loss account
  
1,063,085
1,039,211

  
1,063,185
1,039,311


Page 1

 


SEALANTS INTERNATIONAL LIMITED
REGISTERED NUMBER:03464200


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




F. J. Parlour
Director

Date: 18 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


SEALANTS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Sealants International Limited is a private company limited by shares and is incorporated in England and Wales. The trading address and the registered address are included on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is generated via the supply and distribution of products and related services to the sealant industry, and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 


SEALANTS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both straight line and reducing balance methods.

Depreciation is provided on the following basis:

Plant and machinery
-
10% straight line on cost
Motor vehicles
-
25% reducing balance
Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


SEALANTS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

  
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 8).


4.


Tangible fixed assets





Plant and machinery
Commercial vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2024
450,068
266,882
18,968
735,918


Additions
15,396
-
2,886
18,282



At 31 March 2025

465,464
266,882
21,854
754,200



Depreciation


At 1 April 2024
204,771
46,473
12,217
263,461


Charge for the year on owned assets
35,620
27,680
2,054
65,354


Charge for the year on financed assets
-
27,422
-
27,422



At 31 March 2025

240,391
101,575
14,271
356,237



Net book value



At 31 March 2025
225,073
165,307
7,583
397,963



At 31 March 2024
245,297
220,409
6,751
472,457

Page 5

 


SEALANTS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
236,958
226,126

Other debtors
-
3,730

Prepayments and accrued income
7,879
9,025

244,837
238,881



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
227,489
129,990

Corporation tax
139,403
100,503

Other taxation and social security
31,191
49,486

Obligations under finance lease and hire purchase contracts
21,203
21,204

Other creditors
862
1,113

Accruals and deferred income
3,650
3,450

423,798
305,746



7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
5,301
26,504

5,301
26,504


Page 6

 


SEALANTS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Deferred taxation




2025


£






At beginning of year
(43,089)


Charged to profit or loss
(39,332)



At end of year
(82,421)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(82,421)
(43,089)

(82,421)
(43,089)

 
Page 7