Seabrook Road Limited
Seabrook Road Limited
Registered number: 10322500
Unaudited Financial Statements
For The Year Ended
31 August 2022
Anderson Ross Accounting & Tax Ltd
35 Beaufort Court
Admirals Way
London
E14 9XL
Seabrook Road Limited
Unaudited Financial Statements
For The Year Ended
31 August 2022
Unaudited Financial Statements
Contents | |
Page | |
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Accountants' Report | 1 |
Balance Sheet | 2—3 |
Notes to the Financial Statements | 4—5 |
Page 1
Seabrook Road Limited
Accountants' Report
For The Year Ended
31 August 2022
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of
Seabrook Road Limited
for the year ended 31 August 2022
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Seabrook Road Limited
which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of
Seabrook Road Limited
, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of
Seabrook Road Limited
and state those matters that we have agreed to state to the directors of
Seabrook Road Limited
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Seabrook Road Limited
and its directors as a body for our work or for this report.
It is your duty to ensure that
Seabrook Road Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Seabrook Road Limited
. You consider that
Seabrook Road Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of
Seabrook Road Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed |
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35 Beaufort Court
Admirals Way
London
E14 9XL
Page 1
Page 2
Seabrook Road Limited
Balance Sheet
As At
31 August 2022
Balance Sheet
Registered number:
10322500
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Stocks | 3 |
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Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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PROVISIONS FOR LIABILITIES | |||||
Provisions For Charges |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | 96,914 | 341,043 | |||
Page 2
Page 3
Seabrook Road Limited
Balance Sheet (continued)
As At
31 August 2022
On behalf of the board
Director
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Seabrook Road Limited
Notes to the Financial Statements
For The Year Ended
31 August 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2.
Going Concern Disclosure
The company's property portfolio has come under the control of a property receiver, however the directors are still responsible for their duties as normal.
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2022 | 2021 | ||
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Office and administration |
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3.
Stocks
2022 | 2021 | ||
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£ | £ | ||
Stock - finished goods |
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Seabrook Road Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2022
4.
Debtors
2022 | 2021 | ||
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£ | £ | ||
Due within one year | |||
Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
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£ | £ | ||
VAT |
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Other creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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6.
Creditors: Amounts Falling Due After More Than One Year
2022 | 2021 | ||
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£ | £ | ||
Long term loan |
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7.
Share Capital
2022 | 2021 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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8.
Related Party Transactions
Included in the creditors falling due within one year is an amount of £3,022 (2021: £3,022) payable to the director. The loan is interest free.
9.
General Information
Seabrook Road Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
10322500
. The registered office is 78 Sandgate High Street, Sandgate, Folkestone, CT20 3BX.
Page 5