02293316 false the wholesale of parts to the marine industry 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/2024-11-30 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-11-30 http://www.companieshouse.gov.uk/cd:Director1 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-11-30 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-11-30 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-11-30 http://www.companieshouse.gov.uk/2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/2024-11-30 http://www.companieshouse.gov.uk/cd:FRS102 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/2025-11-30 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/cd:FilletedAccounts 2024-12-01 2025-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02293316
Seaware Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2025
Prepared By:
Adderley & Co.
Chartered Accountants
1A Manor Orchard
Abbotskerswell
Newton Abbot
Devon
TQ12 5PR

Seaware Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2025
DIRECTORS
P Clark
REGISTERED OFFICE
Unit 8
Kernick Indutstrial Estate
Penryn
Cornwall
TR10 9EP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02293316
ACCOUNTANTS
Adderley & Co.
Chartered Accountants
1A Manor Orchard
Abbotskerswell
Newton Abbot
Devon
TQ12 5PR

Seaware Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Seaware Limited

BALANCE SHEET AT 30/11/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 2 |  |  |  | 41,880 |  |  |  | 49,684
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 658,080 |  |  |  | 640,511 |  |
Debtors |  | 4 |  | 775,323 |  |  |  | 793,253 |  |
Cash at bank and in hand |  |  |  | 159,110 |  |  |  | 116,962 |  |
|  |  |  | 1,592,513 |  |  |  | 1,550,726 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 158,360 |  |  |  | 201,619 |  |
NET CURRENT ASSETS |  |  |  |  |  | 1,434,153 |  |  |  | 1,349,107
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 1,476,033 |  |  |  | 1,398,791
PROVISIONS FOR LIABILITIES AND CHARGES |  | 7 |  |  |  | 10,470 |  |  |  | 12,421
NET ASSETS |  |  |  |  |  | 1,465,563 |  |  |  | 1,386,370
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 8 |  |  |  | 1,000 |  |  |  | 1,000
Profit and loss account |  |  |  |  |  | 1,464,563 |  |  |  | 1,385,370
SHAREHOLDERS' FUNDS |  |  |  |  |  | 1,465,563 |  |  |  | 1,386,370
For the year ending 30/11/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/08/2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
P Clark |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Seaware Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles |  | reducing balance 25%
Fixtures and Fittings |  | reducing balance 15%
Equipment |  | reducing balance 25%

1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Seaware Limited

2. TANGIBLE FIXED ASSETS |  |  |  |
|  | Plant and |  |
|  | Machinery Etc. |  | Total
|  | £ |  | £
Cost |  |  |  |
At 01/12/2024 |  | 136,737 |  | 136,737
Additions |  | 2,714 |  | 2,714
Disposals |  | (2,236) |  | (2,236)
At 30/11/2025 |  | 137,215 |  | 137,215
Depreciation |  |  |  |
At 01/12/2024 |  | 87,053 |  | 87,053
Disposals |  | (1,259) |  | (1,259)
For the year |  | 9,541 |  | 9,541
At 30/11/2025 |  | 95,335 |  | 95,335
Net Book Amounts |  |  |  |
At 30/11/2025 |  | 41,880 |  | 41,880
At 30/11/2024 |  | 49,684 |  | 49,684

3. STOCK |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | 658,080 |  | 640,511
|  |  |  | 658,080 |  | 640,511

4. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year: |  |  |  |  |  |
Trade debtors |  |  |  | 138,941 |  | 158,062
Other debtors |  |  |  | 636,382 |  | 635,191
|  |  |  | 775,323 |  | 793,253

Seaware Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Trade creditors |  |  |  | 82,511 |  | 108,292
Taxation and social security |  |  |  | 64,612 |  | 82,071
Other creditors |  |  |  | 11,237 |  | 11,256
|  |  |  | 158,360 |  | 201,619

6. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 9 |  | 9

7. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Deferred taxation |  |  |  | 10,470 |  | 12,421
|  |  |  | 10,470 |  | 12,421

8. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
1,000 Ordinary shares of £1 each |  |  |  | 1,000 |  | 1,000
|  |  |  | 1,000 |  | 1,000