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REGISTERED NUMBER: 12998912 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2023

for

Specialised Engineering and Fabrication
Ltd

Specialised Engineering and Fabrication
Ltd (Registered number: 12998912)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Specialised Engineering and Fabrication
Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M J Hewes





SECRETARY:





REGISTERED OFFICE: Unit B3 Seaden Court
Gorse Lane Industrial Estate
Clacton-On-Sea
CO15 4XN





REGISTERED NUMBER: 12998912 (England and Wales)





ACCOUNTANTS: Stour Valley Tax and Accounts Ltd
Rusty Tiles
Coggeshall Road
Dedham
Colchester
Essex
CO7 6ET

Specialised Engineering and Fabrication
Ltd (Registered number: 12998912)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,866 33,374

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 13,272 9,332
Cash at bank 9,360 9,194
25,632 21,526
CREDITORS
Amounts falling due within one year 6 17,797 20,747
NET CURRENT ASSETS 7,835 779
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,701

34,153

CREDITORS
Amounts falling due after more than one
year

7

(15,170

)

(21,925

)

PROVISIONS FOR LIABILITIES (2,829 ) (3,991 )
NET ASSETS 16,702 8,237

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 16,701 8,236
16,702 8,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

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

Specialised Engineering and Fabrication
Ltd (Registered number: 12998912)

Balance Sheet - continued
31 July 2023


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 22 April 2024 and were signed by:





M J Hewes - Director


Specialised Engineering and Fabrication
Ltd (Registered number: 12998912)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Specialised Engineering and Fabrication 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Specialised Engineering and Fabrication
Ltd (Registered number: 12998912)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 42,996
Additions 2,286
At 31 July 2023 45,282
DEPRECIATION
At 1 August 2022 9,622
Charge for year 8,794
At 31 July 2023 18,416
NET BOOK VALUE
At 31 July 2023 26,866
At 31 July 2022 33,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,791 3,434
Other debtors 7,481 5,898
13,272 9,332

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,461 2,506
Hire purchase contracts - 6,032
Trade creditors 1,022 1,448
Taxation and social security 12,795 8,906
Other creditors 1,519 1,855
17,797 20,747

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,170 17,904
Hire purchase contracts - 4,021
15,170 21,925

Specialised Engineering and Fabrication
Ltd (Registered number: 12998912)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
M J Hewes
Balance outstanding at start of year 5,898 -
Amounts advanced 1,583 5,898
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,481 5,898

The directors loan account was cleared by a dividend dated 19th September 2023.