South Eastern Alloy Coatings Ltd |
Registered Number:06159841 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
South Eastern Alloy Coatings Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
South Eastern Alloy Coatings Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
11,802
4,381
3
11,802
4,381
Trade and other receivables |
1,305
161
4
161
1,305
Trade and other payables: amounts falling due within one year |
(5,281)
(7,904)
5
(3,976)
(7,743)
Net current liabilities
Total assets less current liabilities |
4,059
405
4,059
Net assets
405
2
2
4,057
403
4,059
405
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 09 November 2023 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 March 2023
South Eastern Alloy Coatings Ltd
Notes to the Financial Statements
Statutory Information
South Eastern Alloy Coatings Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
06159841. |
Principal place of business: |
Palmers Retreat
43 Augustine Road
Minster
Sheerness Kent
ME12 2NE
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
2 of 4
For the year ended 31 March 2023
South Eastern Alloy Coatings Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
25,000
25,000
25,000
25,000
-
-
3. Property, plant and equipment |
Motor vehicles
29,154
8,475
1,881
2,000
16,798
11,994
-
-
11,994
-
-
-
(2,000)
-
(2,000)
11,994
1,881
8,475
39,148
16,798
Provision for depreciation and impairment |
24,773
8,055
1,771
1,367
13,580
Charge for year
3,940
106
28
2,999
807
(1,367)
-
-
(1,367)
-
27,346
8,161
1,799
2,999
14,387
2,411
8,995
82
314
11,802
3,218
633
110
420
4,381
4. Trade and other receivables |
2022
2023
161
670
-
635
1,305
161
3 of 4
For the year ended 31 March 2023
South Eastern Alloy Coatings Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
947
19
202
149
Taxation and social security |
3,660
5,113
3,095
-
7,904
5,281
6. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
4 of 4