REGISTERED NUMBER: 04699466 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SEYMOUR POPE IMPORTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P S Pope

SECRETARY:

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

04699466 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

3,364

3,074

CURRENT ASSETS

Stocks

5

1,094,941

820,291

Debtors

6

320,729

354,167

Cash at bank and in hand

295,546

217,471

1,711,216

1,391,929

CREDITORS

Amounts falling due within one year

7

677,108

545,898

NET CURRENT ASSETS

1,034,108

846,031

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,472

849,105

CREDITORS

Amounts falling due after more than one year

8

13,228

22,500

NET ASSETS

1,024,244

826,605

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

1,024,243

826,604

SHAREHOLDERS' FUNDS

1,024,244

826,605

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr P S Pope - Director

1.	STATUTORY INFORMATION

Seymour Pope Imports 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.

Turnover

Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2023

9,662

2,590

12,252

Additions

-

883

883

At 31 March 2024

9,662

3,473

13,135

DEPRECIATION

At 1 April 2023

7,652

1,526

9,178

Charge for year

301

292

593

At 31 March 2024

7,953

1,818

9,771

NET BOOK VALUE

At 31 March 2024

1,709

1,655

3,364

At 31 March 2023

2,010

1,064

3,074

5.

STOCKS

31.3.24

31.3.23

£

£

Stocks

1,094,941

820,291

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

12,349

78,654

Other debtors

43,056

36,957

Amount due from related party

109,759

108,642

Tax

38,351

31,878

Directors' current accounts

117,214

98,036

320,729

354,167

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans and overdrafts (see note 9)

11,307

10,169

Trade creditors

187,081

121,120

Tax

180,491

159,069

Social security and other taxes

613

371

VAT

268,515

229,768

Other creditors

6,368

6,368

Amount due to related parties

9,233

9,233

Accrued expenses

13,500

9,800

677,108

545,898

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans (see note 9)

13,228

22,500

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.24

31.3.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,307

169

Bank loans

10,000

10,000

11,307

10,169

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,228

12,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.24

31.3.23

value:

£

£

1

Ordinary shares

£1

1

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24

31.3.23

£

£

Mr P S Pope

Balance outstanding at start of year

98,036

98,086

Amounts advanced

19,178

-

Amounts repaid

-

(50

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

117,214

98,036

The director was charged interest of £1,546 on his overdrawn directors account calculated at HM Revenue and Customs rates.