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REGISTERED NUMBER: 04890078 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Secureseal Systems Limited

Secureseal Systems Limited (Registered number: 04890078)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Secureseal Systems Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R D Hill-Smith
G F Jones





REGISTERED OFFICE: Suite 2.1
The Mending Rooms
Park Valley Business Park
Huddersfield
HD4 7BH





REGISTERED NUMBER: 04890078 (England and Wales)





AUDITORS: Sutton McGrath Hartley
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Secureseal Systems Limited (Registered number: 04890078)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 701
Tangible assets 5 4,894 5,601
4,894 6,302

CURRENT ASSETS
Stocks 195,563 147,972
Debtors 6 79,359 308,014
Cash at bank 124,865 83,963
399,787 539,949
CREDITORS
Amounts falling due within one year 7 391,695 256,986
NET CURRENT ASSETS 8,092 282,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,986

289,265

PROVISIONS FOR LIABILITIES 11 1,120
NET ASSETS 12,975 288,145

CAPITAL AND RESERVES
Called up share capital 1,050 1,050
Retained earnings 11,925 287,095
12,975 288,145

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





G F Jones - Director


Secureseal Systems Limited (Registered number: 04890078)

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

1. STATUTORY INFORMATION

Secureseal Systems 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 33% on cost

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 Income Statement, 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.

Hire purchase and leasing commitments
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 2 (2023 - 1 ) .

Secureseal Systems Limited (Registered number: 04890078)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 22,023
AMORTISATION
At 1 January 2024 21,322
Charge for year 701
At 31 December 2024 22,023
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 701

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 12,530
Additions 3,086
Disposals (2,166 )
At 31 December 2024 13,450
DEPRECIATION
At 1 January 2024 6,929
Charge for year 3,793
Eliminated on disposal (2,166 )
At 31 December 2024 8,556
NET BOOK VALUE
At 31 December 2024 4,894
At 31 December 2023 5,601

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 43,417 50,402
Amounts owed by group undertakings - 220,000
Other debtors 35,942 37,612
79,359 308,014

Secureseal Systems Limited (Registered number: 04890078)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 64,456 76,281
Amounts owed to group undertakings 271,139 170,418
Taxation and social security 4,114 1,095
Other creditors 51,986 9,192
391,695 256,986

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)
for and on behalf of Sutton McGrath Hartley

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Perrin and Partners Limited.