Suffolk Seaweed Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01958345 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Suffolk Seaweed Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P St John-Foti

Mrs K Belton

Ms A St John-Foti

Ms C Askham

SECRETARY:

REGISTERED OFFICE:

Brookend House

78 Brook Lane

Felixstowe

Suffolk

IP11 7LB

REGISTERED NUMBER:

01958345 (England and Wales)

ACCOUNTANTS:

RBS Accountancy Ltd

4A De Grey Square

De Grey Road

Colchester

Essex

CO4 5YQ

FIXED ASSETS

Tangible assets

4

805

947

CURRENT ASSETS

Debtors

5

736,498

730,498

Cash at bank

329

985

736,827

731,483

CREDITORS

Amounts falling due within one year

6

206,323

201,360

NET CURRENT ASSETS

530,504

530,123

TOTAL ASSETS LESS CURRENT LIABILITIES

531,309

531,070

CREDITORS

Amounts falling due after more than one year

7

68,906

68,906

NET ASSETS

462,403

462,164

CAPITAL AND RESERVES

Called up share capital

80

80

Retained earnings

462,323

462,084

SHAREHOLDERS' FUNDS

462,403

462,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2021 and were signed on its behalf by:

Mrs K Belton - Director

1.	STATUTORY INFORMATION

Suffolk Seaweed 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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

and 30 April 2021

13,102

DEPRECIATION

At 1 May 2020

12,155

Charge for year

142

At 30 April 2021

12,297

NET BOOK VALUE

At 30 April 2021

805

At 30 April 2020

947

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

736,498

730,498

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

(1

)

(1

)

Other creditors

206,324

201,361

206,323

201,360

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

All Saints House Trust

68,906

68,906