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COMPANY REGISTRATION NUMBER: 00150709

W. Seabrook & Sons Limited

Filleted Unaudited Financial Statements

31 December 2024

W. Seabrook & Sons Limited

Financial Statements

Year ended 31 December 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

W. Seabrook & Sons Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 297,243 |  | 296,660

Current assets

Stocks | 93,903 |  | 103,243 |
Debtors | 6 | 193,721 |  | 220,090 |
Cash at bank and in hand | 146,347 |  | 104,626 |
| --------- |  | --------- |
| 433,971 |  | 427,959 |

Creditors: amounts falling due within one year | 7 | 65,355 |  | 73,658 |
| --------- |  | --------- |
Net current assets |  | 368,616 |  | 354,301
|  | --------- |  | ---------
Total assets less current liabilities |  | 665,859 |  | 650,961

Creditors: amounts falling due after more than one year | 8 |  | 5,805 |  | 8,600
|  | --------- |  | ---------
Net assets |  | 660,054 |  | 642,361
|  | --------- |  | ---------

Capital and reserves

Called up share capital | 9 |  | 8,935 |  | 8,935
Revaluation reserve |  | 35,759 |  | 35,759
Capital redemption reserve |  | 18,021 |  | 18,021
Profit and loss account |  | 597,339 |  | 579,646
|  | --------- |  | ---------
Shareholders funds |  | 660,054 |  | 642,361
|  | --------- |  | ---------

These 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 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

W. Seabrook & Sons Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

W R Seabrook |
Director |

Company registration number: 00150709

W. Seabrook & Sons Limited

Notes to the 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 Little Leighs Hall, Church Lane, Little Leighs, Chelmsford, Essex, CM3 1PG.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
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 and machinery | - | 15% - 25% reducing balance

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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
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 2 (2023: 2 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Total
| £ | £ | £
Cost |  |  |
At 1 January 2024 | 232,932 | 241,726 | 474,658
Additions | 9,646 | 7,996 | 17,642
| --------- | --------- | ---------
At 31 December 2024 | 242,578 | 249,722 | 492,300
| --------- | --------- | ---------
Depreciation |  |  |
At 1 January 2024 | – | 177,998 | 177,998
Charge for the year | – | 17,059 | 17,059
| --------- | --------- | ---------
At 31 December 2024 | – | 195,057 | 195,057
| --------- | --------- | ---------
Carrying amount |  |  |
At 31 December 2024 | 242,578 | 54,665 | 297,243
| --------- | --------- | ---------
At 31 December 2023 | 232,932 | 63,728 | 296,660
| --------- | --------- | ---------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 37,826 | 67,425
Prepayments and accrued income | 22,067 | 20,944
Directors loan account | 101,740 | 104,837
Taxation recoverable | 26,790 | 26,790
Other debtors | 5,298 | 94
| --------- | ---------
| 193,721 | 220,090
| --------- | ---------

The debtors above include the following amounts falling due after more than one year:

| 2024 | 2023
| £ | £
Other debtors | 128,530 | 131,627
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 51,590 | 51,470
Accruals and deferred income | 3,950 | 3,750
Corporation tax | 6,276 | 7,199
Social security and other taxes | 959 | 8,659
Obligations under finance leases and hire purchase contracts | 2,580 | 2,580
| -------- | --------
| 65,355 | 73,658
| -------- | --------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Obligations under finance leases and hire purchase contracts | 5,805 | 8,600
| ------- | -------

9. Called up share capital
Authorised share capital

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £ 1 each | 40,000 | 40,000 | 40,000 | 40,000
5% Cumulative preference shares of £ 1 each | 60,000 | 60,000 | 60,000 | 60,000
| --------- | --------- | --------- | ---------
| 100,000 | 100,000 | 100,000 | 100,000
| --------- | --------- | --------- | ---------

Issued, called up and fully paid

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £ 1 each | 8,935 | 8,935 | 8,935 | 8,935
| ------- | ------- | ------- | -------

10. Operating leases
The operating leases relate to agricultural tenancies and there are no fixed-term commitments. The annual charge is £53,450 (2023 - £53,450).
11. Directors' advances, credits and guarantees
At the year end a director owed the company £101,740 (2023 - £104,837). The maximum balance during the course of the year was £109,740 and is likely to fall due after more than one year. There was no interest charged on the loan during the year.