Seabuoy Global Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC587901

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,461		4,499

			4,461		4,499
CURRENT ASSETS
Debtors	5	19,602		41,211
Cash at bank and in hand		21,464		19,875

		41,066		61,086
Creditors: Amounts Falling Due Within One Year	6	(67,081 )		(47,534 )

NET CURRENT ASSETS (LIABILITIES)			(26,015 )		13,552

TOTAL ASSETS LESS CURRENT LIABILITIES			(21,554 )		18,051

Creditors: Amounts Falling Due After More Than One Year	7		(7,272 )		(16,667 )

NET (LIABILITIES)/ASSETS			(28,826 )		1,384

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(28,827 )		1,383

SHAREHOLDERS' FUNDS			(28,826)		1,384

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Seabuoy Global Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T Tawse

Director

2 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Seabuoy Global Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC587901 . The registered office is Codebase - Argyle House, 3 Lady Lawson Street, Edinburgh, EH3 9DR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has carried out an assessment of the going concern position of the Company, including consideration of the company's net liability position. With his continued support, the director has concluded that they have a reasonable expectation that the Company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% Straight Line
Computer Equipment	33% Straight Line

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Seabuoy Global Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2024	3,727	5,708	9,435
Additions	1,493	-	1,493

As at 28 February 2025	5,220	5,708	10,928

Depreciation
As at 1 March 2024	226	4,710	4,936
Provided during the period	798	733	1,531

As at 28 February 2025	1,024	5,443	6,467

Net Book Value
As at 28 February 2025	4,196	265	4,461

As at 1 March 2024	3,501	998	4,499

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	19,260	40,869
Prepayments and accrued income	342	342

	19,602	41,211

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	755	253
Bank loans and overdrafts	10,000	10,000
Corporation tax	6,302	5,443
Other taxes and social security	3,031	2,744
VAT	33,225	29,087
Director's loan account	13,768	7

	67,081	47,534

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Seabuoy Global Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	7,272	16,667

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

As at 28 February 2025, the company owed the director £13,768 (2024: £7).

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