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REGISTERED NUMBER: 00750570 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Action Seals Ltd

Action Seals Ltd (Registered number: 00750570)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Action Seals Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTORS: S J Quail
Mrs L C Quail
A E Quail





SECRETARY: S J Quail





REGISTERED OFFICE: Westfield Road
Wallasey
Merseyside
CH44 7JA





REGISTERED NUMBER: 00750570 (England and Wales)





ACCOUNTANTS: McEwan Wallace Limited
68 Argyle Street
Birkenhead
CH41 6AF

Action Seals Ltd (Registered number: 00750570)

Abridged Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,079 7,785

CURRENT ASSETS
Stocks 272,738 228,738
Debtors 423,651 383,128
Cash at bank and in hand 6,173 12,861
702,562 624,727
CREDITORS
Amounts falling due within one year 127,258 65,959
NET CURRENT ASSETS 575,304 558,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,383

566,553

PROVISIONS FOR LIABILITIES 875 1,385
NET ASSETS 579,508 565,168

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 559,508 545,168
SHAREHOLDERS' FUNDS 579,508 565,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

Action Seals Ltd (Registered number: 00750570)

Abridged Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 August 2017 and were signed on its behalf by:





S J Quail - Director


Action Seals Ltd (Registered number: 00750570)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Action Seals Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with
FRS102 Section 1A for small entities. The date of transition is 1 April 2016.

The transition to FRS 102 Section 1A for small entities has resulted no changes in accounting policies to those
used previously.

Turnover
Income is recognised on an accruals basis according to delivery of the goods supplied exclusive of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & office equipment - 10% on cost
Computer equipment - 33% on cost

Fixed assets are reviewed on a regular basis. Any amendments to the estimated economic life of the assets is
reflected in the depreciation charge.

Stocks
Stocks is stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Cost is determined on a first in first out basis, and includes all direct costs incurred. Net realisable value is based
on estimated selling price allowing for all further costs of completion and disposal.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, and
directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted
amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss in recognised in the
Statement of Income and Retained Earnings.

Action Seals Ltd (Registered number: 00750570)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued

Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances. The company
makes estimates and assumptions concerning the future.

The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year are discussed below;

When an asset is purchased it is categorised into an asset class, the depreciation policy of each class estimates the
economic life of all assets within the class.

The depreciation policy of each asset class is determined by management and reviewed regularly for
appropriateness. The depreciation policy adopted is based on historical experience as well as considering the
future events which may impact the useful economic life of all assets within each class, such as changes in
market demands.

In addition FRS 102 requires an entity to assess at each reporting date whether there is any indication that assets
within a class may be impaired i.e. the recoverable amount of the asset is less than the carrying amount. If any
such indication exists, management are required to estimate the recoverable amount of the individual assets
concerned.

Management judgement is applied to determine if revenue and costs should be recognised in the current period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016
and 31 March 2017 24,148
DEPRECIATION
At 1 April 2016 16,363
Charge for year 2,706
At 31 March 2017 19,069
NET BOOK VALUE
At 31 March 2017 5,079
At 31 March 2016 7,785

Action Seals Ltd (Registered number: 00750570)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and
31 March 2016:

31.3.17 31.3.16
£    £   
S J Quail
Balance outstanding at start of year 704 44
Amounts advanced - 32,040
Amounts repaid (704 ) (31,380 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 704

6. RELATED PARTY DISCLOSURES

At the year end, the company owed the directors, £28,241 (2016 - £7,374). Interest has been charged to the
company in respect of these loans which are repayable on demand and classified in creditors due within one year.

As at the year end the parent company, Beachbreeze Limited, owed Action Seals Ltd £273,959 (2016 -
£273,959).

Dividends paid to Beachbreeze Limited during the year totalled £80,000 (2016 - £72,000).

The company is also deemed to be related to the Goodway Executive Retirement Fund, as Action Seals Ltd is
now the sponsoring employer.