Seals+Direct Limited - Filleted accounts

Registered number

04989100

Seals+Direct Limited

Filleted Accounts

31 March 2026

Seals+Direct Limited
Registered number:		04989100
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		426,787			436,978

Current assets
Stocks		76,288			83,425
Debtors	4	95,654			134,261
Cash at bank and in hand		2,448,564			2,255,531
		2,620,506			2,473,217

Creditors: amounts falling due within one year	5	(322,680)			(275,345)

Net current assets			2,297,826			2,197,872

Total assets less current liabilities			2,724,613			2,634,850


Provisions for liabilities			(55,231)			(56,392)


Net assets			2,669,382			2,578,458

Capital and reserves
Called up share capital			101			100
Profit and loss account			2,669,281			2,578,358

Shareholders' funds			2,669,382			2,578,458

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Howard
Director
Approved by the board on 23 June 2026

Seals+Direct Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					11		11


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	277,293		174,392		375,915		827,600
	Additions	-		7,293		111,280		118,573
	Disposals	-		-		(106,175)		(106,175)
	At 31 March 2026	277,293		181,685		381,020		839,998

	Depreciation
	At 1 April 2025	65,883		150,238		174,501		390,622
	Charge for the year	5,545		15,763		76,204		97,512
	On disposals	-		-		(74,923)		(74,923)
	At 31 March 2026	71,428		166,001		175,782		413,211

	Net book value
	At 31 March 2026	205,865		15,684		205,238		426,787
	At 31 March 2025	211,410		24,154		201,414		436,978


4	Debtors					2026		2025
£							£

	Trade debtors					83,628		121,679
	Other debtors					12,026		12,582
						95,654		134,261


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					119,616		85,024
	Taxation and social security costs					203,040		190,322
	Other creditors					24		(1)
						322,680		275,345


6	Controlling party

	The company is controlled by P Howard, J Howard and A Howard.


7	Other information

	Seals+Direct Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 6
	Milton Business Centre
	Wick Drive
	New Milton
	BH25 6RH