Company registration number 02309043 (England and Wales)
Seeley International (Europe) Limited
Financial Statements
For the year ended 31 March 2025
Seeley International (Europe) Limited
Company information
Directors
Mr J P Seeley
Mr F F Seeley
Mr S Peli
Mrs K H Seeley
Mr H N Coombs
Company number
02309043
Registered office
The Glades
Festival Way
Stoke-On-Trent
Staffordshire
United Kingdom
ST1 5SQ
Auditor
DJH Audit Limited
The Glades
Festival Way
Festival Park
Stoke-on-Trent
Staffordshire
ST1 5SQ
Seeley International (Europe) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
Seeley International (Europe) Limited
Statement of financial position
As at 31 March 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
2,488
Current assets
Stocks
-
335,558
Debtors
4
1,316,602
1,072,860
Cash at bank and in hand
45,780
99,834
1,362,382
1,508,252
Creditors: amounts falling due within one year
5
(52,246)
(244,521)
Net current assets
1,310,136
1,263,731
Net assets
1,310,136
1,266,219
Capital and reserves
Called up share capital
1,074,400
1,074,400
Profit and loss reserves
235,736
191,819
Total equity
1,310,136
1,266,219

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 March 2026 and are signed on its behalf by:
Mr H N Coombs
Director
Company registration number 02309043 (England and Wales)
Seeley International (Europe) Limited
Notes to the financial statements
For the year ended 31 March 2025
- 2 -
1
Accounting policies
Company information

Seeley International (Europe) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Glades, Festival Way, Stoke-On-Trent, Staffordshire, United Kingdom, ST1 5SQ.

1.1
Reporting period

The prior year financial statements have been extended. This period is for one year, therefore comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Based on a decision made by the directors, the company ceased trading on 31 March 2025 and so is not considered to be a going concern. The financial statements have been prepared on a basis other than that of going concern. The financial statements do not include any provision for the future costs of the closing of the business except to the extent that such costs were committed at the balance sheet date.true

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 despatch 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.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers
20% - 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Seeley International (Europe) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Cost is calculated using the weighted average method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include amounts due from fellow group companies, debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Seeley International (Europe) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

1.14

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other group entities where the relationship is one of being wholly owned.

Seeley International (Europe) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 5 -
2
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Total
0
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
4,815
Disposals
(4,815)
At 31 March 2025
-
0
Depreciation and impairment
At 1 April 2024
2,327
Depreciation charged in the year
155
Eliminated in respect of disposals
(2,482)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
2,488
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
910,166
900,791
Amounts owed by group undertakings
403,338
160,273
Other debtors
3,098
10,332
Prepayments and accrued income
-
0
1,464
1,316,602
1,072,860
Seeley International (Europe) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
16,436
5,818
Corporation tax
15,469
20,204
Other creditors
21
156,078
Accruals and deferred income
20,320
62,421
52,246
244,521
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Emphasis of matter

We draw attention to Note 1.3 to the financial statements, ‘Going concern’, which explains that the company ceased trading on 31 March 2025 and therefore it is not considered appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 1.3. Our opinion is not modified in respect of this matter.

Senior Statutory Auditor:
Nicola Johnson
Statutory Auditor:
DJH Audit Limited
Date of audit report:
12 March 2026
7
Events after the reporting date

To optimise group's logistics, management has decided to wind down Seeley International (Europe) Limited. The company ceased trading on 31 March 2025. There are no liquidity concerns, and the company intends to settle all obligations in due course. Operations will transition to Seeley International Europe (Italia) SRL, a related group entity. As a result, the company is no longer considered to be a going concern. Appropriate disclosure about the status of the company as a going concern has been made in Note 1.3.

8
Parent company
Seeley International (Europe) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
8
Parent company
(Continued)
- 7 -

The company is controlled by Seeley International Pty Limited.

The parent undertaking of the largest and smallest group for which consolidated financial statements are prepared is Seeley International Pty Limited, a company incorporated in Australia. Consolidated financial statements are available from Seeley International Pty Limited, 112 O'Sullivan Beach Road, Lonsdale, South Australia, 5160.

Seeley International Pty Limited is ultimately controlled by F F Seeley Nominees Pty Limited, the ultimate parent company, a company incorporated in Australia and controlled by F F Seeley and K H Seeley.

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