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Company Registration No. 02489289 (England and Wales)
Associated Sealants Limited Unaudited accounts for the year ended 31 December 2024
Associated Sealants Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Associated Sealants Limited Company Information for the year ended 31 December 2024
Director
Terrance Edward Abbott
Company Number
02489289 (England and Wales)
Registered Office
GROUND FLOOR 32 PARK CROSS STREET LEEDS LS1 2QH
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Associated Sealants Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
38,185 
47,477 
Current assets
Debtors
5
41,220 
58,451 
Cash at bank and in hand
3,861 
1,275 
45,081 
59,726 
Creditors: amounts falling due within one year
6
(13,188)
(11,821)
Net current assets
31,893 
47,905 
Total assets less current liabilities
70,078 
95,382 
Creditors: amounts falling due after more than one year
7
(499)
(367)
Provisions for liabilities
Deferred tax
(751)
(751)
Net assets
68,828 
94,264 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
68,728 
94,164 
Shareholders' funds
68,828 
94,264 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2025 and were signed on its behalf by
Terrance Edward Abbott Director Company Registration No. 02489289
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Associated Sealants Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Associated Sealants Limited is a private company, limited by shares, registered in England and Wales, registration number 02489289. The registered office is GROUND FLOOR, 32 PARK CROSS STREET, LEEDS, LS1 2QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Reducing Balance at 25%
Fixtures & fittings
Reducing Balance at 15%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
90,056 
24,069 
114,125 
At 31 December 2024
90,056 
24,069 
114,125 
Depreciation
At 1 January 2024
46,641 
20,007 
66,648 
Charge for the year
8,683 
609 
9,292 
At 31 December 2024
55,324 
20,616 
75,940 
Net book value
At 31 December 2024
34,732 
3,453 
38,185 
At 31 December 2023
43,415 
4,062 
47,477 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,220 
58,451 
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Associated Sealants Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,180 
6,404 
Other creditors
2,808 
4,217 
Accruals
1,200 
1,200 
13,188 
11,821 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
499 
367 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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