S_E_A_LIMITED - Accounts

S E A LIMITED - Company Information

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Company Registration No. 03113065 (England and Wales)

S E A LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

S E A LIMITED

COMPANY INFORMATION

Director

Mr Simon Edridge

Secretary

Ms C Glazebrook

Company number

03113065

Registered office

The Granary

Hermitage Court

Hermitage Lane

Maidstone

Kent

ME16 9NT

Accountants

Nash Harvey Group LLP

The Granary

Hermitage Court

Hermitage Lane

Maidstone

Kent

ME16 9NT

S E A LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

S E A LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

31,377

36,914

Current assets

Stocks

20,000

11,000

Debtors

195,632

164,777

Cash at bank and in hand

4,019

215,632

179,796

Creditors: amounts falling due within one year

(164,253)

(94,164)

Net current assets

51,379

85,632

Total assets less current liabilities

82,756

122,546

Creditors: amounts falling due after more than one year

(82,197)

(99,650)

559

22,896

Capital and reserves

Called up share capital

100

Profit and loss account

459

22,796

Shareholders' funds

559

22,896

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 January 2015

Mr Simon Edridge

Director

Company Registration No. 03113065

S E A LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% Reducing balance

Fixtures, fittings & equipment

15% Reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2013 & at 30 April 2014

13,000

109,904

122,904

Depreciation

At 1 May 2013

13,000

72,990

85,990

Charge for the year

5,537

At 30 April 2014

13,000

78,527

91,527

Net book value

At 30 April 2014

31,377

At 30 April 2013

36,914

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares class 1 of £1 each

100