Seager Solutions Ltd 08309185 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is maintenance and contracting services Digita Accounts Production Advanced 6.30.9574.0 true 08309185 2023-12-01 2024-11-30 08309185 2024-11-30 08309185 bus:OrdinaryShareClass1 2024-11-30 08309185 core:CurrentFinancialInstruments 2024-11-30 08309185 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 08309185 core:FurnitureFittingsToolsEquipment 2024-11-30 08309185 core:MotorVehicles 2024-11-30 08309185 core:OtherPropertyPlantEquipment 2024-11-30 08309185 bus:SmallEntities 2023-12-01 2024-11-30 08309185 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 08309185 bus:FilletedAccounts 2023-12-01 2024-11-30 08309185 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08309185 bus:RegisteredOffice 2023-12-01 2024-11-30 08309185 bus:Director1 2023-12-01 2024-11-30 08309185 bus:Director2 2023-12-01 2024-11-30 08309185 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 08309185 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08309185 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 08309185 core:MotorVehicles 2023-12-01 2024-11-30 08309185 core:OfficeEquipment 2023-12-01 2024-11-30 08309185 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 08309185 core:PlantMachinery 2023-12-01 2024-11-30 08309185 core:KeyManagementPersonnel 2023-12-01 2024-11-30 08309185 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-01 2024-11-30 08309185 countries:AllCountries 2023-12-01 2024-11-30 08309185 2023-11-30 08309185 core:FurnitureFittingsToolsEquipment 2023-11-30 08309185 core:MotorVehicles 2023-11-30 08309185 core:OtherPropertyPlantEquipment 2023-11-30 08309185 2022-12-01 2023-11-30 08309185 2023-11-30 08309185 bus:OrdinaryShareClass1 2023-11-30 08309185 core:CurrentFinancialInstruments 2023-11-30 08309185 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 08309185 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-11-30 08309185 core:FurnitureFittingsToolsEquipment 2023-11-30 08309185 core:MotorVehicles 2023-11-30 08309185 core:OtherPropertyPlantEquipment 2023-11-30 08309185 core:PreviouslyStatedAmount 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08309185

Seager Solutions Ltd

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Seager Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Seager Solutions Ltd

Company Information

Directors

Mrs Ceri Seager

Mr Mark Seager

Registered office

16 Castle Oak
Usk
Monmouthshire
NP15 1SG

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Seager Solutions Ltd

(Registration number: 08309185)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

79,042

97,037

Current assets

 

Debtors

5

39,508

182,642

Cash at bank and in hand

 

436,649

397,094

 

476,157

579,736

Creditors: Amounts falling due within one year

6

(163,569)

(340,437)

Net current assets

 

312,588

239,299

Total assets less current liabilities

 

391,630

336,336

Provisions for liabilities

(15,151)

(18,437)

Net assets

 

376,479

317,899

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

376,379

317,799

Shareholders' funds

 

376,479

317,899

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Seager Solutions Ltd

(Registration number: 08309185)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 21 August 2025 and signed on its behalf by:
 

.........................................
Mr Mark Seager
Director

 

Seager Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
16 Castle Oak
Usk
Monmouthshire
NP15 1SG

These financial statements were authorised for issue by the Board on 21 August 2025.

The company registration number is: 08309185

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

 

Seager Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Office equipment

20% Straight line

Motor vehicles

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Seager Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2023

15,398

125,317

15,377

156,092

Additions

3,510

-

2,660

6,170

At 30 November 2024

18,908

125,317

18,037

162,262

Depreciation

At 1 December 2023

10,681

35,748

12,626

59,055

Charge for the year

2,233

20,084

1,848

24,165

At 30 November 2024

12,914

55,832

14,474

83,220

Carrying amount

At 30 November 2024

5,994

69,485

3,563

79,042

At 30 November 2023

4,717

89,569

2,751

97,037

 

Seager Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

23,288

180,705

Prepayments

2,410

1,937

Other debtors

13,810

-

 

39,508

182,642

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

113,614

107,322

Taxation and social security

632

35,033

Corporation tax

42,295

18,191

Directors' current accounts

225

64,387

Other creditors

4,928

113,784

Accruals and deferred income

1,875

1,720

163,569

340,437

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Related party transactions

Key management personnel

Relationship: Directors

Summary of transactions with key management

During the year, the directors provided an unsecured interest free repayable on demand loan to the company. At the balance sheet date, the amount due to the directors was £225 (2023 : £64,388).