REGISTERED NUMBER: 03996338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SEYMAC DISTRIBUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Richardson

REGISTERED OFFICE:

Unit 4 Carn Brea Business Park

Barncoose Industrial Estate

Redruth

Cornwall

TR15 3RR

REGISTERED NUMBER:

03996338 (England and Wales)

ACCOUNTANT:

Catherine Bennett Ltd

Chartered Accountant

Wheal Harmony House

Solomon Road

Redruth

Cornwall

TR15 1FD

FIXED ASSETS

Intangible assets

4

2,278

-

Tangible assets

5

67,316

75,948

69,594

75,948

CURRENT ASSETS

Debtors

6

69,411

27,312

Prepayments and accrued income

33,598

40,617

Cash at bank and in hand

31,135

641,773

134,144

709,702

CREDITORS

Amounts falling due within one year

7

102,287

121,013

NET CURRENT ASSETS

31,857

588,689

TOTAL ASSETS LESS CURRENT LIABILITIES

101,451

664,637

PROVISIONS FOR LIABILITIES

6,593

7,303

NET ASSETS

94,858

657,334

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

94,857

657,333

94,858

657,334

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2026 and were signed by:

J M Richardson - Director

1.	STATUTORY INFORMATION

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

3,400

At 30 November 2025

3,400

AMORTISATION

Charge for year

1,122

At 30 November 2025

1,122

NET BOOK VALUE

At 30 November 2025

2,278

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

249,268

82,105

15,306

346,679

Additions

10,603

-

-

10,603

Disposals

(1,922

)

(13,138

)

(7,832

)

(22,892

)

At 30 November 2025

257,949

68,967

7,474

334,390

DEPRECIATION

At 1 December 2024

181,835

75,101

13,795

270,731

Charge for year

15,573

1,674

-

17,247

Eliminated on disposal

(1,756

)

(12,827

)

(6,321

)

(20,904

)

At 30 November 2025

195,652

63,948

7,474

267,074

NET BOOK VALUE

At 30 November 2025

62,297

5,019

-

67,316

At 30 November 2024

67,433

7,004

1,511

75,948

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

34,887

1,659

Amounts owed by group undertakings

17,422

-

Other debtors

17,102

25,653

69,411

27,312

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade creditors

5,872

9,346

Tax

16,370

88,457

Social security and other taxes

876

2,242

VAT

18,157

9,382

Other creditors

59,037

-

Directors' current accounts

-

7,086

Accrued expenses

1,975

4,500

102,287

121,013

8.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £402,206.

9.	RELATED PARTY DISCLOSURES

On 17 June 2025, Richmour Holdings Ltd, a company in which J M Richardson is a director, purchased the entire shareholding of Seymac Distribution Limited.

The company made payments on behalf of its parent, Richmour Holdings Ltd, during the year in the sum of £17,422 and this amount is a debtor at the year end.