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REGISTERED NUMBER: 05039767 (England and Wales)














Financial Statements for the Year Ended 28 February 2023

for

CEA Systems Limited

CEA Systems Limited (Registered number: 05039767)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CEA Systems Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr L Sikapa





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05039767 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

CEA Systems Limited (Registered number: 05039767)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,871 4,885

CURRENT ASSETS
Stocks 7,242 8,229
Debtors 5 34,606 20,720
Prepayments and accrued income - 57
Cash at bank and in hand 562 8,304
42,410 37,310
CREDITORS
Amounts falling due within one
year

6

27,565

25,913
NET CURRENT ASSETS 14,845 11,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,716

16,282

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 18,713 16,279
SHAREHOLDERS' FUNDS 18,716 16,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:




Mr L Sikapa - Director


CEA Systems Limited (Registered number: 05039767)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

CEA Systems Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February
2023

21,375

1,614

10,915

3,228

37,132
DEPRECIATION
At 1 March 2022 20,059 867 8,992 2,329 32,247
Charge for year 197 112 480 225 1,014
At 28 February 2023 20,256 979 9,472 2,554 33,261
NET BOOK VALUE
At 28 February 2023 1,119 635 1,443 674 3,871
At 28 February 2022 1,316 747 1,923 899 4,885

CEA Systems Limited (Registered number: 05039767)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 34,606 20,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 4,437 9,323
Trade creditors 7,632 8,363
Taxation and social security 5,742 6,620
Other creditors 9,754 1,607
27,565 25,913

7. RELATED PARTY DISCLOSURES

Mr Sikapa is considered to be the key management personnel.