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Company Registration No. 10294792 (England and Wales)
SECS LONDON LIMITED Unaudited accounts for the year ended 31 July 2023
SECS LONDON LIMITED Unaudited accounts Contents
Page
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SECS LONDON LIMITED Company Information for the year ended 31 July 2023
Director
THOMAS LOMAX-WORMALD
Company Number
10294792 (England and Wales)
Registered Office
124 CITY ROAD LONDON EC1V 2NX ENGLAND
Accountants
CALCUL8 LIMITED 57 HIGH STREET SAXILBY LINCOLN LINCOLNSHIRE LN1 2HA
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SECS LONDON LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
287 
255 
Current assets
Debtors
20,539 
90 
Cash at bank and in hand
482 
449 
21,021 
539 
Creditors: amounts falling due within one year
(60,012)
(50,096)
Net current liabilities
(38,991)
(49,557)
Total assets less current liabilities
(38,704)
(49,302)
Provisions for liabilities
Deferred tax
(54)
- 
Net liabilities
(38,758)
(49,302)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(38,760)
(49,304)
Shareholders' funds
(38,758)
(49,302)
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2024 and were signed on its behalf by
THOMAS LOMAX-WORMALD Director Company Registration No. 10294792
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SECS LONDON LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SECS LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10294792. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the year end the company had net liabilities of £48,664. The company continues to be supported by the director and on that basis the director considers it to be appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
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SECS LONDON LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
674 
Additions
202 
At 31 July 2023
876 
Depreciation
At 1 August 2022
419 
Charge for the year
170 
At 31 July 2023
589 
Net book value
At 31 July 2023
287 
At 31 July 2022
255 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,152 
- 
Accrued income and prepayments
387 
90 
20,539 
90 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,246 
(372)
Loans from directors
58,046 
49,868 
Accruals
720 
600 
60,012 
50,096 
7
Transactions with related parties
The director's loan account balance at the year end stands at £58,046 (2022: £49,868). These amounts are interest free.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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