2022-04-01 06159841 2023-03-31 06159841 2022-04-01 2023-03-31 06159841 2022-03-31 06159841 2021-04-01 2022-03-31 06159841 uk-core:WithinOneYear 2022-03-31 06159841 uk-core:WithinOneYear 2023-03-31 06159841 uk-core:ShareCapital 2023-03-31 06159841 uk-core:ShareCapital 2022-03-31 06159841 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06159841 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 06159841 uk-bus:Director1 2022-04-01 2023-03-31 06159841 uk-core:NetGoodwill 2022-04-01 2023-03-31 06159841 uk-core:PlantMachinery 2022-04-01 2023-03-31 06159841 uk-core:OfficeEquipment 2022-04-01 2023-03-31 06159841 uk-core:MotorVehicles 2022-04-01 2023-03-31 06159841 uk-core:FurnitureFittings 2022-04-01 2023-03-31 06159841 uk-core:Goodwill 2022-03-31 06159841 uk-core:Goodwill 2023-03-31 06159841 uk-core:OfficeEquipment 2022-03-31 06159841 uk-core:FurnitureFittings 2022-03-31 06159841 uk-core:MotorVehicles 2022-03-31 06159841 uk-core:PlantMachinery 2022-03-31 06159841 uk-core:MotorVehicles 2023-03-31 06159841 uk-core:FurnitureFittings 2023-03-31 06159841 uk-core:OfficeEquipment 2023-03-31 06159841 uk-core:PlantMachinery 2023-03-31 06159841 uk-core:WithinOneYear 2023-03-31 06159841 uk-core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure 06159841 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06159841 uk-bus:FRS102 2022-04-01 2023-03-31 06159841 uk-bus:FullAccounts 2022-04-01 2023-03-31 06159841 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
South Eastern Alloy Coatings Ltd
Registered Number:06159841
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
06159841
As at 31 March 2023
South Eastern Alloy Coatings Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
11,802
4,381
3
11,802
4,381
Current assets
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
Capital and reserves
Called up share capital
2
2
Retained earnings
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.
Mr E V A Palmer Director
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
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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
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
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
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
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5
For the year ended 31 March 2023
South Eastern Alloy Coatings Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
25,000
At 31 March 2023
25,000
Amortisation
At 01 April 2022
25,000
At 31 March 2023
25,000
Net book value
At 31 March 2023
-
At 31 March 2022
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 April 2022
29,154
8,475
1,881
2,000
16,798
11,994
-
-
11,994
-
Additions
-
-
(2,000)
-
Disposals
(2,000)
At 31 March 2023
11,994
1,881
8,475
39,148
16,798
Provision for depreciation and impairment
At 01 April 2022
24,773
8,055
1,771
1,367
13,580
Charge for year
3,940
106
28
2,999
807
(1,367)
-
-
(1,367)
-
On disposal
At 31 March 2023
27,346
8,161
1,799
2,999
14,387
At 31 March 2023
Net book value
2,411
8,995
82
314
11,802
At 31 March 2022
3,218
633
110
420
4,381
4. Trade and other receivables
2022
2023
£
£
Trade debtors
161
670
Other debtors
-
635
1,305
161
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6
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
£
£
Bank loans and overdraft
947
19
Trade creditors
202
149
Taxation and social security
3,660
5,113
Other creditors
3,095
-
7,904
5,281
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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