REGISTERED NUMBER: 05858976 (England and Wales)

Financial Statements

for the Year Ended 30 April 2025

for

HE Sealants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H W Eadie

REGISTERED OFFICE:

Unit 9

Hanson Close

Middleton

Manchester

M24 2HD

REGISTERED NUMBER:

05858976 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Property, plant and equipment

4

5,813

7,584

CURRENT ASSETS

Inventories

-

5,000

Debtors

5

16,528

37,646

Cash at bank

576

-

17,104

42,646

CREDITORS

Amounts falling due within one year

6

42,908

26,204

NET CURRENT (LIABILITIES)/ASSETS

(25,804

)

16,442

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,991

)

24,026

CREDITORS

Amounts falling due after more than one year

7

533

5,260

NET (LIABILITIES)/ASSETS

(20,524

)

18,766

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(20,624

)

18,666

SHAREHOLDERS' FUNDS

(20,524

)

18,766

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 14 January 2026 and were signed by:

H W Eadie - Director

1.	STATUTORY INFORMATION

HE Sealants 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

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2024

21,811

32,908

54,719

Additions

65

-

65

At 30 April 2025

21,876

32,908

54,784

DEPRECIATION

At 1 May 2024

21,108

26,027

47,135

Charge for year

115

1,721

1,836

At 30 April 2025

21,223

27,748

48,971

NET BOOK VALUE

At 30 April 2025

653

5,160

5,813

At 30 April 2024

703

6,881

7,584

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

and 30 April 2025

19,328

DEPRECIATION

At 1 May 2024

13,212

Charge for year

1,529

At 30 April 2025

14,741

NET BOOK VALUE

At 30 April 2025

4,587

At 30 April 2024

6,116

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Amounts recoverable on contract

-

5,000

Other debtors

16,528

17,684

Directors' current accounts

-

14,962

16,528

37,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

5,373

5,045

Hire purchase contracts

3,402

4,491

Trade creditors

3,536

2,637

Social security and other taxes

20,275

12,601

Directors' current accounts

8,892

-

Accrued expenses

1,430

1,430

42,908

26,204

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

533

3,145

Bank loans - 2-5 years

-

533

Hire purchase contracts

-

1,582

533

5,260

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

3,402

6,073

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

H W Eadie

Balance outstanding at start of year

14,962

46,925

Amounts repaid

(14,962

)

(31,963

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

14,962