S.E.A.S. (NE) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06167780 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

S.E.A.S. (NE) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J D Skeen

G K Wilkinson

SECRETARY:

G K Wilkinson

REGISTERED OFFICE:

Unit 7

Tudhoe Industrial Estate

Spennymoor

Co. Durham

DL16 6TL

REGISTERED NUMBER:

06167780 (England and Wales)

ACCOUNTANTS:

G D O'Hehir & Co Ltd

Chartered Accountants & Statutory Auditors

22/23 Clyde Terrace

Spennymoor

Co. Durham

DL16 7SE

FIXED ASSETS

Tangible assets

2

49,139

32,158

CURRENT ASSETS

Debtors

163,133

83,183

Cash at bank and in hand

107,581

54,246

270,714

137,429

CREDITORS

Amounts falling due within one year

132,870

86,340

NET CURRENT ASSETS

137,844

51,089

TOTAL ASSETS LESS CURRENT LIABILITIES

186,983

83,247

CREDITORS

Amounts falling due after more than one year

(10,642

)

(10,642

)

PROVISIONS FOR LIABILITIES

(9,828

)

(6,432

)

NET ASSETS

166,513

66,173

CAPITAL AND RESERVES

Called up share capital

3

4

2

Profit and loss account

166,509

66,171

SHAREHOLDERS' FUNDS

166,513

66,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 September 2015 and were signed on its behalf by:

G K Wilkinson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost, 15% on cost and 10% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

71,570

Additions

30,895

Disposals

(13,500

)

At 31 March 2015

88,965

DEPRECIATION

At 1 April 2014

39,412

Charge for year

13,914

Eliminated on disposal

(13,500

)

At 31 March 2015

39,826

NET BOOK VALUE

At 31 March 2015

49,139

At 31 March 2014

32,158

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2

2

B Ordinary

£1

2

-

4

2

4.	GOING CONCERN REVIEW

The directors are not aware of any reason why sales should reduce significantly next year. No material

uncertainties that may cast significant doubt on the ability of the company to continue as a going concern have

been identified. As a result the going concern basis of accounting has been adopted.