REGISTERED NUMBER: 05258641 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Seal of Excellence Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Cokayne

REGISTERED OFFICE:

44 Friar Gate

Derby

Derbyshire

DE1 1DA

REGISTERED NUMBER:

05258641 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

72,285

113,660

Investments

5

-

-

Investment property

6

620,311

620,311

692,596

733,971

CURRENT ASSETS

Debtors

7

287,434

327,450

Cash at bank

129,281

30,390

416,715

357,840

CREDITORS

Amounts falling due within one year

8

163,107

145,338

NET CURRENT ASSETS

253,608

212,502

TOTAL ASSETS LESS CURRENT LIABILITIES

946,204

946,473

CREDITORS

Amounts falling due after more than one year

9

434,168

467,651

NET ASSETS

512,036

478,822

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

512,035

478,821

SHAREHOLDERS' FUNDS

512,036

478,822

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

J D Cokayne - Director

1.	STATUTORY INFORMATION

Seal of Excellence 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the amounts derived from properties sold during the year, services provided and rental income. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment or in the case of rental income, the period to which it relates.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Fixed asset investments

Fixed asset investments are revalued annually to their fair value. Any aggregate surplus of deficit arising from changes in fair value is recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

48,163

6,672

118,980

5,873

179,688

DEPRECIATION

At 1 January 2024

38,532

4,936

17,351

5,209

66,028

Charge for year

9,631

1,335

29,745

664

41,375

At 31 December 2024

48,163

6,271

47,096

5,873

107,403

NET BOOK VALUE

At 31 December 2024

-

401

71,884

-

72,285

At 31 December 2023

9,631

1,736

101,629

664

113,660

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

60,000

PROVISIONS

At 1 January 2024

and 31 December 2024

60,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

620,311

NET BOOK VALUE

At 31 December 2024

620,311

At 31 December 2023

620,311

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

620,311

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

620,311

620,311

Aggregate depreciation

(29,842

)

(25,363

)

Investment property was valued on a fair value basis on 31 December 2024 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,523

12,450

Other debtors

30,000

30,000

Owed by related parties

51,000

285,000

Director's loan account

192,209

-

Prepayments and accrued income

1,702

-

287,434

327,450

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,213

6,060

Other loans

13,996

12,721

Hire purchase contracts

9,564

5,428

Trade creditors

595

2,674

Tax

20,868

32,156

Social security and other taxes

10,472

3,790

Other creditors

100,000

50,000

Director's loan account

-

22,791

Accrued expenses

1,399

9,718

163,107

145,338

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,669

9,881

Other loans

340,781

358,488

Hire purchase contracts

89,718

99,282

434,168

467,651

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

354,777

371,209

Hire purchase contracts

99,282

104,710

454,059

475,919

Loans are secured on properties owned by the company.

Hire purchase is secured on the related asset.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year a net advance of £192,209 was made to the director. Interest has been charged at the official rate and the balance is repayable on demand.