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COMPANY REGISTRATION NUMBER: 05306558

SEAL CONSTRUCTION LIMITED

Filleted Unaudited Abridged Financial Statements

31 December 2024

SEAL CONSTRUCTION LIMITED

Abridged Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 666 | 845

Current assets

Debtors | 3,616 |  | 5,437
Cash at bank and in hand | 4,267 |  | 724
| ------- |  | -------
| 7,883 |  | 6,161

Creditors: amounts falling due within one year | 35,366 |  | 38,347
| -------- |  | --------
Net current liabilities |  | 27,483 | 32,186
|  | -------- | --------
Total assets less current liabilities |  | ( 26,817) | ( 31,341)
|  | -------- | --------
Net liabilities |  | ( 26,817) | ( 31,341)
|  | -------- | --------

SEAL CONSTRUCTION LIMITED

Abridged Statement of Financial Position (continued)

31 December 2024

| 2024 | 2023
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | ( 26,818) | ( 31,342)
|  | -------- | --------
Shareholders deficit |  | ( 26,817) | ( 31,341)
|  | -------- | --------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 30 April 2025 , and are signed on behalf of the board by:

M W SEAL |
Director |

Company registration number: 05306558

SEAL CONSTRUCTION LIMITED

Notes to the Abridged Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Eight Bells House, 14 Church Street, Tetbury, Gloucestershire, GL8 8JG. The address of the company's place of business is 7 Benton Court, Nympsfield, Stonehouse, Gloucestershire, GL10 3UP.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: No cash flow statement has been presented for the company. Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 15% straight line per annum
| Motor Vehicles | - | 25% straight line per annum
| Equipment | - | 15% straight line per annum

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets

| £
Cost |
At 1 January 2024 | 29,995
Additions | 137
| --------
At 31 December 2024 | 30,132
| --------
Depreciation |
At 1 January 2024 | 29,150
Charge for the year | 316
| --------
At 31 December 2024 | 29,466
| --------
Carrying amount |
At 31 December 2024 | 666
| --------
At 31 December 2023 | 845
| --------

6. Related party transactions
The company was under the control of Mr M W Seal throughout the current period. Mr Seal is the managing director and sole shareholder . No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 .