SeamElav Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10418602 (England and Wales)

Financial Statements for the Year Ended 31 October 2019

for

SeamElav Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Iyere

Mrs A O Iyere

REGISTERED OFFICE:

16 Apple Tree Close

High Wycombe

Buckinghamshire

HP13 7PE

REGISTERED NUMBER:

10418602 (England and Wales)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

CURRENT ASSETS

Debtors

4

5,528

4,420

Cash at bank

1,321

13,775

6,849

18,195

CREDITORS

Amounts falling due within one year

5

4,663

14,861

NET CURRENT ASSETS

2,186

3,334

TOTAL ASSETS LESS CURRENT LIABILITIES

2,186

3,334

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,086

3,234

SHAREHOLDERS' FUNDS

2,186

3,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 April 2020 and were signed on its behalf by:

S Iyere - Director

1.	STATUTORY INFORMATION

SeamElav Ltd 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.

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 (2018 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Other debtors

5,528

4,420

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Taxation and social security

-

12,139

Other creditors

4,663

2,722

4,663

14,861

6.	RELATED PARTY DISCLOSURES

During the year the directors Mr Sebastian Iyere and Mrs Ameze Iyere advanced the company net amounts

totalling £3,875. This amount remained outstanding at 31/10/2019 and is included within other creditors in the

notes to the accounts.

7.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr Sebastian Iyere by virtue of his majority 80%

holding in the ordinary share capital of the company.