2024-06-01 2025-05-31 false Capium Accounts Production 1.1 05818221 2024-06-01 2025-05-31 05818221 bus:FullAccounts 2024-06-01 2025-05-31 05818221 bus:FRS102 2024-06-01 2025-05-31 05818221 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 05818221 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 05818221 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 05818221 2024-06-01 2025-05-31 05818221 2025-05-31 05818221 bus:RegisteredOffice 2024-06-01 2025-05-31 05818221 core:WithinOneYear 2025-05-31 05818221 core:AfterOneYear 2025-05-31 05818221 1 2024-06-01 2025-05-31 05818221 bus:Director1 2024-06-01 2025-05-31 05818221 bus:Director1 2025-05-31 05818221 bus:Director1 2023-06-01 2024-05-31 05818221 bus:Director2 2024-06-01 2025-05-31 05818221 bus:Director2 2025-05-31 05818221 bus:Director2 2023-06-01 2024-05-31 05818221 2023-06-01 05818221 bus:LeadAgentIfApplicable 2024-06-01 2025-05-31 05818221 2023-06-01 2024-05-31 05818221 2024-05-31 05818221 core:WithinOneYear 2024-05-31 05818221 core:AfterOneYear 2024-05-31 05818221 bus:EntityAccountantsOrAuditors 2023-06-01 2024-05-31 05818221 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 05818221 bus:OrdinaryShareClass1 2025-05-31 05818221 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 05818221 bus:OrdinaryShareClass1 2024-05-31 05818221 core:LandBuildings 2024-06-01 2025-05-31 05818221 core:LandBuildings 2025-05-31 05818221 core:LandBuildings 2024-05-31 05818221 core:PlantMachinery 2024-06-01 2025-05-31 05818221 core:PlantMachinery 2025-05-31 05818221 core:PlantMachinery 2024-05-31 05818221 core:MotorCars 2024-06-01 2025-05-31 05818221 core:MotorCars 2025-05-31 05818221 core:MotorCars 2024-05-31 05818221 core:FurnitureFittings 2024-06-01 2025-05-31 05818221 core:FurnitureFittings 2025-05-31 05818221 core:FurnitureFittings 2024-05-31 05818221 core:ComputerEquipment 2024-06-01 2025-05-31 05818221 core:ComputerEquipment 2025-05-31 05818221 core:ComputerEquipment 2024-05-31 05818221 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-05-31 05818221 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 05818221 core:CostValuation core:Non-currentFinancialInstruments 2025-05-31 05818221 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 05818221 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-05-31 05818221 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2025-05-31 05818221 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2025-05-31 05818221 core:Non-currentFinancialInstruments 2025-05-31 05818221 core:Non-currentFinancialInstruments 2024-05-31 05818221 core:ShareCapital 2025-05-31 05818221 core:ShareCapital 2024-05-31 05818221 core:RetainedEarningsAccumulatedLosses 2025-05-31 05818221 core:RetainedEarningsAccumulatedLosses 2024-05-31 05818221 dpl:Item1 2024-06-01 05818221 dpl:Item1 2025-05-31 05818221 dpl:Item1 2023-06-01 05818221 dpl:Item1 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered Number: 05818221
England and Wales
Unaudited Financial Statements
for the year ended 31 May 2025
for
SEBWOOD PRODUCTS LIMITED

Sebwood Products Limited Contents Page For the year ended 31 May 2025
Balance sheet | 1
Notes to the financial statements | 2

Registered Number: 05818221 Sebwood Products Limited Balance Sheet As at 31 May 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Tangible fixed assets | 4 | 46,131 |  | 57,822
|  | 46,131 |  | 57,822
Current assets |  |  |
Stocks | 5 | 134,617 |  | 28,460
Debtors | 6 | 260,506 |  | 182,584
Cash at bank and in hand |  | 35,751 |  | 58,274
|  | 430,874 |  | 269,318
Creditors: amount falling due within one year | 7 | (350,804) |  | (227,248)
Net current assets |  | 80,070 |  | 42,070
Total assets less current liabilities |  | 126,201 |  | 99,892
Creditors: amount falling due after more than one year | 8 | (2,500) |  | (15,500)
Provisions for liabilities | 9 | (7,094) |  | (5,588)
Net assets |  | 116,607 |  | 78,804
Capital and reserves |  |  |
Called up share capital | 10 | 100 |  | 100
Profit and loss account |  | 116,507 |  | 78,704
Shareholders' funds |  | 116,607 |  | 78,804
For the year ended 31 May 2025 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 accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These 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 profit and loss account has not been delivered to the Registrar of Companies. The financial statements were approved by the board of directors on 23 July 2025 and were signed on its behalf by:
------------------------------- David Andrew Sebburn Director
1

Sebwood Products Limited Notes to the Financial Statements For the year ended 31 May 2025
General Information Sebwood Products Limited is a private company, limited by shares, registered in England and Wales, registration number 05818221, registration address Unit 1, 1 Millers Avenue Brynmenyn Ind Estate, Brynmenyn, Bridgend, CF32 9TD. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Going concern basis The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companys activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. Operating lease rentals Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Taxation The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using 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. 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. Current and deferred tax assets and liabilities are not discounted. Dividends Dividend distribution to the companys shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared. Tangible fixed assets Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Leasehold property | 2% straight line
Plant and machinery, Fixtures and fittings, Office equipment and Motor vehicles | 25% straight line or over the life of the lease
Assets on finance lease and hire purchase Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2. | Average number of employees Average number of employees during the year was 26 (2024 : 23).
3. | Financial Commitments, Guarantees and Contingencies Amounts not provided for in the balance sheet The total amount of financial commitments not included in the balance sheet is £152,887 (2024 - £23,115).
4. | Tangible fixed assets
Cost or valuation | Land and buildings |  | Plant and machinery etc |  | Total
| £ |  | £ |  | £
At 01 June 2024 | 33,121 |  | 206,518 |  | 239,639
Additions | - |  | 3,923 |  | 3,923
Disposals | - |  | - |  | -
At 31 May 2025 | 33,121 |  | 210,441 |  | 243,562
Depreciation
At 01 June 2024 | 3,090 |  | 178,727 |  | 181,817
Charge for year | 663 |  | 14,951 |  | 15,614
On disposals | - |  | - |  | -
At 31 May 2025 | 3,753 |  | 193,678 |  | 197,431
Net book values
Closing balance as at 31 May 2025 | 29,368 |  | 16,763 |  | 46,131
Opening balance as at 01 June 2024 | 30,031 |  | 27,791 |  | 57,822
5. | Stocks
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Work in Progress | 3,646 |  | 0
Stocks | 130,971 |  | 28,460
| 134,617 |  | 28,460
6. | Debtors: amounts falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Debtors | 256,092 |  | 178,888
Other Debtors | 4,414 |  | 3,696
| 260,506 |  | 182,584
7. | Creditors: amount falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Creditors | 102,617 |  | 76,896
Bank Loans & Overdrafts | 10,000 |  | 10,000
Taxation and Social Security | 228,932 |  | 130,023
Obligations under HP/Financial Leases | 3,000 |  | 3,000
Other Creditors | 6,255 |  | 7,329
| 350,804 |  | 227,248
8. | Creditors: amount falling due after more than one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Bank Loans & Overdrafts | 0 |  | 10,000
Obligations under HP/Financial Leases | 2,500 |  | 5,500
| 2,500 |  | 15,500
9. | Provisions for liabilities
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Deferred Tax | 5,588 |  | 11,111
Charged to Profit & Loss | 1,506 |  | (5,523)
| 7,094 |  | 5,588
10. | Share Capital
Allotted, called up and fully paid | 2025 £ |  | 2024 £
--- | --- | --- | ---
100 Ordinary shares of £1.00 each | 100 |  | 100
| 100 |  | 100
2