Seed Agricultural Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03862352 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Seed Agricultural Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A Seed

REGISTERED OFFICE:

The Workshop

Little Dudlands Farm, Rimington Lane

Rimington

Clitheroe

Lancashire

BB7 4EA

REGISTERED NUMBER:

03862352 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

2,609

2,775

CURRENT ASSETS

Stocks

600

Debtors

5

4,454

1,480

Cash at bank

9,772

6,341

14,826

8,421

CREDITORS

Amounts falling due within one year

6

10,878

6,911

NET CURRENT ASSETS

3,948

1,510

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,557

4,285

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

6,556

4,284

SHAREHOLDERS' FUNDS

6,557

4,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

D A Seed - Director

1.	STATUTORY INFORMATION

Seed Agricultural Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

4% on cost

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2025

4,100

11,914

8,500

241

24,755

Additions

-

250

-

250

At 31 December 2025

4,100

12,164

8,500

241

25,005

DEPRECIATION

At 1 January 2025

4,100

9,849

7,862

169

21,980

Charge for year

-

232

160

24

416

At 31 December 2025

4,100

10,081

8,022

193

22,396

NET BOOK VALUE

At 31 December 2025

-

2,083

478

48

2,609

At 31 December 2024

-

2,065

638

72

2,775

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

4,425

960

Tax

-

30

Prepayments

29

490

4,454

1,480

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

558

291

Corporation tax

910

241

VAT

1,185

455

Directors' current accounts

2,103

31

Accrued expenses

6,122

5,893

10,878

6,911

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1

Ordinary

£1

1

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Seed.