REGISTERED NUMBER: 07341645 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

FOR

SEA SCOOTER UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Karl Brown

Kris Brown

REGISTERED OFFICE:

Unit 9, Nexus

Capitol Court

Dodworth

Barnsley

S75 3UD

REGISTERED NUMBER:

07341645 (England and Wales)

FIXED ASSETS

Tangible assets

5

8,929

12,303

CURRENT ASSETS

Stocks

374,541

386,169

Debtors

6

462,711

394,224

Cash at bank and in hand

2,305

265

839,557

780,658

CREDITORS

Amounts falling due within one year

7

522,365

486,828

NET CURRENT ASSETS

317,192

293,830

TOTAL ASSETS LESS CURRENT LIABILITIES

326,121

306,133

CREDITORS

Amounts falling due after more than one year

8

(6,786

)

(17,432

)

PROVISIONS FOR LIABILITIES

(2,125

)

(2,060

)

NET ASSETS

317,210

286,641

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

317,110

286,541

SHAREHOLDERS' FUNDS

317,210

286,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Kris Brown - Director

1.	STATUTORY INFORMATION

Sea Scooter UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 etc

-

25% on cost

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 period 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.

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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 30 March 2025

5,151

33,561

38,712

DEPRECIATION

At 1 April 2024

3,692

22,717

26,409

Charge for period

1,030

2,344

3,374

At 30 March 2025

4,722

25,061

29,783

NET BOOK VALUE

At 30 March 2025

429

8,500

8,929

At 31 March 2024

1,459

10,844

12,303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

31.3.24

£

£

Trade debtors

84,730

42,990

Amounts owed by group undertakings

290,181

270,906

Amounts owed by participating interests

54,098

50,698

Other debtors

33,702

29,630

462,711

394,224

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

31.3.24

£

£

Bank loans and overdrafts

10,781

12,040

Trade creditors

39,735

89,100

Taxation and social security

140,080

63,274

Other creditors

331,769

322,414

522,365

486,828

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

31.3.24

£

£

Bank loans

6,786

17,432

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.3.25

31.3.24

£

£

Within one year

8,813

48,546

Between one and five years

-

8,813

8,813

57,359

10.	CALLED UP SHARE CAPITAL

The share capital of £100, (2024, £100) has been allotted, called up and fully paid.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 March 2025 and the year ended 31 March 2024:

30.3.25

31.3.24

£

£

Kris Brown

Balance outstanding at start of period

(1,990

)

-

Amounts advanced

8,899

3,000

Amounts repaid

(6,218

)

(4,990

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

691

(1,990

)

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, £344,279 (2024 - £321,603) was owed to the Company by fellow group companies.

All amounts owed and owing are interest free and are repayable on demand.

Transactions between the company and all related parties including fellow group companies are concluded in each and every case under normal market conditions.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Karl Brown.

The company's ultimate parent company is Karlmarx Holdings Limited, incorporated in England and Wales.