Seabed Scour Control Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02459166 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Seabed Scour Control Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr B D Smith

Mr R J Kendrick

Mr P W Hendrie

REGISTERED OFFICE:

Harfreys Road

Harfreys Industrial Estate

Great Yarmouth

Norfolk

NR31 0LS

REGISTERED NUMBER:

02459166 (England and Wales)

ACCOUNTANTS:

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

258,014

242,113

Investments

6

4

258,019

242,118

CURRENT ASSETS

Stocks

195,202

223,124

Debtors

7

333,164

608,445

Cash at bank and in hand

98,302

152,345

626,668

983,914

CREDITORS

Amounts falling due within one year

8

292,667

700,308

NET CURRENT ASSETS

334,001

283,606

TOTAL ASSETS LESS CURRENT LIABILITIES

592,020

525,724

CREDITORS

Amounts falling due after more than one
year

9

(13,424

)

(27,456

)

PROVISIONS FOR LIABILITIES

(27,773

)

(52,463

)

NET ASSETS

550,823

445,805

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

549,823

444,805

SHAREHOLDERS' FUNDS

550,823

445,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22 September 2025 and were signed on its behalf by:

Mr R J Kendrick - Director

1.	STATUTORY INFORMATION

Seabed Scour Control 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.

Related party exemption

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings

- 2% on cost

Plant and machinery

- 12.5% on cost

Motor vehicle - 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company contributes to certain employees' schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

231,800

712,686

944,486

Additions

-

43,131

At 31 December 2024

231,800

755,817

987,617

DEPRECIATION

At 1 January 2024

81,840

620,533

702,373

Charge for year

3,036

24,194

27,230

At 31 December 2024

84,876

644,727

729,603

NET BOOK VALUE

At 31 December 2024

146,924

111,090

258,014

At 31 December 2023

149,960

92,153

242,113

Included in cost of land and buildings is freehold land of £ 80,000 (2023 - £ 80,000 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

4

NET BOOK VALUE

At 31 December 2024

4

At 31 December 2023

4

The company's investment at the balance sheet date is the entire share capital of Scourmat Limited, a company that was dormant for the period.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

280,366

352,935

Other debtors

52,798

255,510

333,164

608,445

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loan

10,000

Trade creditors

200,003

343,291

Amounts owed to group undertakings

3

Taxation and social security

18,895

24,819

Other creditors

63,766

322,195

292,667

700,308

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

4,167

14,167

Other creditors

9,257

13,289

13,424

27,456

10.	ULTIMATE CONTROLLING PARTY

The parent company is Dramgate Limited, a company registered in England and Wales, and the ultimate controlling parties are R J Kendrick and P W Hendrie, both of whom are directors and each holds 50% of the issued share capital of Dramgate Limited.

The Dramgate ceased to be a parent company on 29 October 2024.

SSCS(H) Limited has been appointed as a parent company on 29 October 2024, a company registered in England and Wales, and the ultimate controlling parties are R J Kendrick and P W Hendrie, both of whom are directors and each holds 50% of the issued share capital of SSCS(H) Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seabed Scour Control Systems Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Seabed Scour Control Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seabed Scour Control Systems Limited and state those matters that we have agreed to state to the Board of Directors of Seabed Scour Control Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seabed Scour Control Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Seabed Scour Control Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seabed Scour Control Systems Limited. You consider that Seabed Scour Control Systems 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 financial statements of Seabed Scour Control Systems 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 financial statements.

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

22 September 2025