Seamsystemic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05325881 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

FOR

SEAMSYSTEMIC LIMITED

Page

Company Information

1

Balance Sheet

2

DIRECTOR:

Dr B B N Pan

REGISTERED OFFICE:

338 City Road

London

EC1V 2PY

REGISTERED NUMBER:

05325881 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

12,310

15,105

CURRENT ASSETS

372,247

301,672

CREDITORS

Amounts falling due within one year

(1,056,268

)

(1,024,843

)

NET CURRENT LIABILITIES

(684,021

)

(723,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(671,711

)

(708,066

)

CREDITORS

Amounts falling due after more than one year

46,068

-

NET LIABILITIES

(717,779

)

(708,066

)

CAPITAL AND RESERVES

(717,779

)

(708,066

)

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2020 - 2 ) .

2.	POST BALANCE SHEET EVENT

The country is currently still being effected by the COVID-19 virus which is causing a global pandemic recognised by the World Health Organisation (WHO). The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work from home if available and to undertake "social distancing" measures. This government action has meant that events have been cancelled and this business has seen a significant drop off in sales.

The Director is confident the £50,000 bounce back loan they have secured will mitigate the threat of the global pandemic enough so it does not cast material uncertainty over the ability of the Company to continue as a going concern.

The Director continues to monitor the situation as it rapidly changes and believe the Company is positioned well to react to further developments.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 October 2021 and were signed by:

Dr B B N Pan - Director