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Company Registration No. 09757593 (England and Wales)
SEADRIFT PROJECTS LIMITED Unaudited accounts for the year ended 31 August 2025
SEADRIFT PROJECTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SEADRIFT PROJECTS LIMITED Company Information for the year ended 31 August 2025
Directors
Leigh HAMMOND Mrs Victoria BAMPFIELD HAMMOND
Company Number
09757593 (England and Wales)
Registered Office
Rose Barn Rose TRURO Cornwall TR4 9PL
Accountants
SG ACCOUNTANCY 102 TREVERBYN ROAD CARCLAZE IND ESTATE ST AUSTELL CORNWALL PL25 4EW
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SEADRIFT PROJECTS LIMITED Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,505
50,681
Current assets
Inventories
325,000
310,000
Debtors
5
10,209
12,464
Cash at bank and in hand
848
5,185
336,057
327,649
Creditors: amounts falling due within one year
6
(210,135)
(212,998)
Net current assets
125,922
114,651
Total assets less current liabilities
133,427
165,332
Creditors: amounts falling due after more than one year
7
(28,859)
(67,982)
Net assets
104,568
97,350
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss account
103,568
96,350
Shareholders' funds
104,568
97,350
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by
Leigh HAMMOND Director Company Registration No. 09757593
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SEADRIFT PROJECTS LIMITED Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
SEADRIFT PROJECTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09757593. The registered office is Rose Barn , Rose, TRURO, Cornwall, TR4 9PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
34,675
33,259
67,934
Additions
3,458
-
3,458
Disposals
(22,999)
(33,259)
(56,258)
At 31 August 2025
15,134
-
15,134
Depreciation
At 1 September 2024
16,995
258
17,253
Charge for the year
1,304
-
1,304
On disposals
(10,670)
(258)
(10,928)
At 31 August 2025
7,629
-
7,629
Net book value
At 31 August 2025
7,505
-
7,505
At 31 August 2024
17,680
33,001
50,681
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SEADRIFT PROJECTS LIMITED Notes to the Accounts for the year ended 31 August 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
10,209
12,464
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
21,557
55,247
Taxes and social security
90,704
73,191
Loans from directors
96,975
83,451
Accruals
899
1,109
210,135
212,998
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
28,859
32,993
Obligations under finance leases and hire purchase contracts
-
34,989
28,859
67,982
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 1 (2024: 3).
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