Registration number: 08313241

N & L Seals Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

N & L Seals Limited

(Registration number: 08313241)
Statement of Financial Position
31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	414	561
Current assets
Stocks	5	21,298	25,427
Debtors	6	36,843	35,702
Cash at bank and in hand		3,019	-
		61,160	61,129
Creditors: Amounts falling due within one year	7	(129,733)	(122,826)
Net current liabilities		(68,573)	(61,697)
Total assets less current liabilities		(68,159)	(61,136)
Creditors: Amounts falling due after more than one year	7	-	(1,058)
Net liabilities		(68,159)	(62,194)
Capital and reserves
Called up share capital		200	200
Retained earnings		(68,359)	(62,394)
Shareholders' deficit		(68,159)	(62,194)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

N & L Seals Limited

(Registration number: 08313241)
Statement of Financial Position
31 December 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2026
 

......................................... L C Hall Director

N & L Seals Limited

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL
United Kingdom

These financial statements were authorised for issue by the director on 23 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director has considered relevant information, including the future cash flows and the impact of subsequent events in making her assessment. Based on these assessments and having regard to the resources available, the director has concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in the financial statements.

N & L Seals Limited

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	over 5 years
Fixtures and fittings	15% reducing balance
Office equipment	between 2 and 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and on deposit,

Trade debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

N & L Seals Limited

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

N & L Seals Limited

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	5,840	4,017	9,857
At 31 December 2025	5,840	4,017	9,857
Depreciation
At 1 January 2025	5,354	3,942	9,296
Charge for the year	72	75	147
At 31 December 2025	5,426	4,017	9,443
Carrying amount
At 31 December 2025	414	-	414
At 31 December 2024	486	75	561

5

Stocks

	2025 £	2024 £
Raw materials and consumables	21,298	25,427

6

Debtors

Current	2025 £	2024 £
Trade debtors	36,843	35,702
	36,843	35,702

N & L Seals Limited

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	1,054	4,436
Trade creditors		27,732	33,103
Taxation and social security		8,090	9,835
Accruals and deferred income		1,405	1,325
Other creditors		91,452	74,127
		129,733	122,826

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	1,058

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	1,058

Current loans and borrowings

N & L Seals Limited

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

	2025 £	2024 £
Bank borrowings	1,054	1,296
Bank overdrafts	-	3,140
	1,054	4,436