Company Registration No. 8502926 (England and Wales)
Sea Chips Ltd
Unaudited accounts
for the year ended 31 August 2025
Sea Chips Ltd
Unaudited accounts
Contents
Sea Chips Ltd
Company Information
for the year ended 31 August 2025
Directors
D Smith
D Pawson
Company Number
8502926 (England and Wales)
Registered Office
Lodge Farm
Chantry Lane
Tadcaster
North Yorkshire
LS24 9NH
Accountants
DS Private Clients
The Old Vicarage
Beck Hill
Barton-upon-Humber
DN18 5EY
Sea Chips Ltd
Accountants' report
Accountants' report to the board of directors of Sea Chips Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 August 2025. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
DS Private Clients
The Old Vicarage
Beck Hill
Barton-upon-Humber
DN18 5EY
10 August 2026
Sea Chips Ltd
Statement of financial position
as at 31 August 2025
Cash at bank and in hand
1,052
127
Creditors: amounts falling due within one year
(50,903)
(67,385)
Net current assets/(liabilities)
2,236
(3,467)
Total assets less current liabilities
2,337
(2,841)
Creditors: amounts falling due after more than one year
(2,540)
(3,890)
Net liabilities
(203)
(6,731)
Sea Chips Ltd
Statement of financial position
as at 31 August 2025 (continued)
Called up share capital
161
161
Share premium
57,323
57,323
Capital contribution reserve
13,000
13,000
Profit and loss account
(70,687)
(77,215)
Shareholders' funds
(203)
(6,731)
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 10 August 2026 and were signed on its behalf by
D Smith
Director
Company Registration No. 8502926
Sea Chips Ltd
Notes to the Accounts
for the year ended 31 August 2025
Sea Chips Ltd is a private company, limited by shares, registered in England and Wales, registration number 8502926. The registered office is Lodge Farm, Chantry Lane, Tadcaster, North Yorkshire, LS24 9NH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Total
Sea Chips Ltd
Notes to the Accounts
for the year ended 31 August 2025
5
Average number of employees
During the year the average number of employees was 2 (2024: 2).