Seal of Excellence Limited - Accounts to registrar (filleted) - small 18.2

Seal of Excellence Limited - Accounts to registrar (filleted) - small 18.2

SEAL OF EXCELLENCE LIMITED - Company Information

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REGISTERED NUMBER: 05258641 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2019

for

Seal of Excellence Limited
Seal of Excellence Limited (Registered number: 05258641)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seal of Excellence Limited

Company Information
for the Year Ended 31 December 2019







DIRECTOR: J D Cokayne





REGISTERED OFFICE: 44 Friar Gate
Derby
DE1 1DA





REGISTERED NUMBER: 05258641 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Page 1
Seal of Excellence Limited (Registered number: 05258641)

Balance Sheet
31 December 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,465 -
Investment property 5 100,000 -
101,465 -

CURRENT ASSETS
Debtors 6 635,465 590,881
Cash at bank 57,300 12,682
692,765 603,563
CREDITORS
Amounts falling due within one year 7 469,061 388,186
NET CURRENT ASSETS 223,704 215,377
TOTAL ASSETS LESS CURRENT
LIABILITIES
325,169
215,377

CREDITORS
Amounts falling due after more than one
year
8
44,167
-
NET ASSETS 281,002 215,377

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 281,001 215,376
SHAREHOLDERS' FUNDS 281,002 215,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 notes form part of these financial statements

Page 2 continued...
Seal of Excellence Limited (Registered number: 05258641)

Balance Sheet - continued
31 December 2019


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2020 and
were signed by:





J D Cokayne - Director


The notes form part of these financial statements

Page 3
Seal of Excellence Limited (Registered number: 05258641)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Seal of Excellence 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts derived from properties sold during the year, services provided and
rental income. Turnover is recognised when the company has transferred the significant risks and
rewards of ownership to the buyer and it is probable that the company will receive the agreed upon
payment or in the case of rental income, the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value. Any aggregate
surplus or deficit arising from changes in fair value are taken to the profit and loss account and
transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,198
At 31 December 2019 2,198
DEPRECIATION
Charge for year 733
At 31 December 2019 733
NET BOOK VALUE
At 31 December 2019 1,465

Page 4 continued...
Seal of Excellence Limited (Registered number: 05258641)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 100,000
At 31 December 2019 100,000
NET BOOK VALUE
At 31 December 2019 100,000

Fair value at 31 December 2019 is represented by:

£   
Valuation in 2019 100,000

If investment property had not been revalued it would have been included at the following historical
cost:

2019 2018
£    £   
Cost 100,000 -
Aggregate depreciation (2,000 ) -

Investment property was valued on a fair value basis on 31 December 2019 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 97,426 90,881
Owed by related parties 537,500 500,000
Prepayments 539 -
635,465 590,881

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other loans 3,333 -
Trade creditors 937 378
Tax 17,345 28,439
Social security and other taxes 62 66
Director's loan account 446,184 358,103
Accrued expenses 1,200 1,200
469,061 388,186

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Other loans 44,167 -

Page 5 continued...
Seal of Excellence Limited (Registered number: 05258641)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

9. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Other loans 47,500 -

Page 6