02293316falsethe wholesale of parts to the marine industry2024-12-012025-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-11-30http://www.companieshouse.gov.uk/cd:Director12024-12-012025-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2025-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-12-012025-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-12-012025-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-12-012025-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-11-30http://www.companieshouse.gov.uk/2024-12-012025-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/cd:FRS1022024-12-012025-11-30http://www.companieshouse.gov.uk/2025-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-12-012025-11-30http://www.companieshouse.gov.uk/cd:FilletedAccounts2024-12-012025-11-30iso4217:GBPxbrli:sharesxbrli: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 THEYEARENDED30/11/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
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
20252024
Notes££
FIXED ASSETS
Tangible assets241,88049,684
CURRENT ASSETS
Stock658,080640,511
Debtors4775,323793,253
Cash at bank and in hand159,110116,962
1,592,5131,550,726
CREDITORS: Amounts falling due within one year5158,360201,619
NET CURRENT ASSETS1,434,1531,349,107
TOTAL ASSETS LESS CURRENT LIABILITIES1,476,0331,398,791
PROVISIONS FOR LIABILITIES AND CHARGES710,47012,421
NET ASSETS1,465,5631,386,370
CAPITAL AND RESERVES
Called up share capital81,0001,000
Profit and loss account1,464,5631,385,370
SHAREHOLDERS' FUNDS1,465,5631,386,370
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 Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing 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 01/12/2024136,737136,737
Additions2,7142,714
Disposals(2,236)(2,236)
At 30/11/2025137,215137,215
Depreciation
At 01/12/202487,05387,053
Disposals(1,259)(1,259)
For the year9,5419,541
At 30/11/202595,33595,335
Net Book Amounts
At 30/11/202541,88041,880
At 30/11/202449,68449,684
3. STOCK 20252024
££
Stock comprises:
Stock658,080640,511
658,080640,511
4. DEBTORS 20252024
££
Amounts falling due within one year:
Trade debtors138,941158,062
Other debtors636,382635,191
775,323793,253
Seaware Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Trade creditors82,511108,292
Taxation and social security64,61282,071
Other creditors11,23711,256
158,360201,619
6. EMPLOYEES
20252024
No.No.
Average number of employees99
7. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation10,47012,421
10,47012,421
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1,000 Ordinary shares of £1 each1,0001,000
1,0001,000