Company Registration No. 05989748 (England and Wales)
Seaforth Radio Cars Limited
Unaudited accounts
for the year ended 31 December 2021
Seaforth Radio Cars Limited
Unaudited accounts
Contents
Seaforth Radio Cars Limited
Company Information
for the year ended 31 December 2021
Directors
Mr L Evason
Mr D Evason
Mr T Evason
Mrs S Evason
Mrs L Evason
Company Number
05989748 (England and Wales)
Registered Office
105 Bridge Road
Litherland
Liverpool
L21 2PB
Accountants
My Accountancy Hub
Level One, Basecamp Liverpool
49 Jamacia Street
Liverpool
L1 0AH
Seaforth Radio Cars Limited
Statement of financial position
as at
31 December 2021
Intangible assets
870,000
870,000
Tangible assets
14,754
18,477
Cash at bank and in hand
786,366
558,536
Creditors: amounts falling due within one year
(416,328)
(109,098)
Net current assets
771,934
876,065
Total assets less current liabilities
1,656,688
1,764,542
Creditors: amounts falling due after more than one year
-
(250,000)
Net assets
1,656,688
1,514,542
Called up share capital
1,000,000
1,000,000
Profit and loss account
656,688
514,542
Shareholders' funds
1,656,688
1,514,542
For the year ending 31 December 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2022 and were signed on its behalf by
Mr L Evason
Director
Company Registration No. 05989748
Seaforth Radio Cars Limited
Notes to the Accounts
for the year ended 31 December 2021
Seaforth Radio Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 05989748. The registered office is 105 Bridge Road, Litherland, Liverpool, L21 2PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 January 2021
870,000
At 31 December 2021
870,000
At 31 December 2021
870,000
At 31 December 2020
870,000
Seaforth Radio Cars Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2021
843,848
9,399
853,247
At 31 December 2021
845,043
9,399
854,442
At 1 January 2021
827,339
7,431
834,770
Charge for the year
4,426
492
4,918
At 31 December 2021
831,765
7,923
839,688
At 31 December 2021
13,278
1,476
14,754
At 31 December 2020
16,509
1,968
18,477
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
399,496
310,607
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
243,791
-
Trade creditors
31,315
10,451
Taxes and social security
46,885
33,465
Loans from directors
177
-
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 16 (2020: 16).