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REGISTERED NUMBER: 08257692 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

SEC INTERIOR BUILDING SERVICES
LIMITED

SEC INTERIOR BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 08257692)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEC INTERIOR BUILDING SERVICES
LIMITED

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTORS: Mr B Crook
Mr G Egerton
Mr J Singh





REGISTERED OFFICE: Xeinadin Manchester
100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 08257692 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

SEC INTERIOR BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 08257692)

BALANCE SHEET
31st October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 437 770

CURRENT ASSETS
Debtors 5 505,958 291,750
Cash at bank 2,570 658
508,528 292,408
CREDITORS
Amounts falling due within one year 6 (395,152 ) (250,194 )
NET CURRENT ASSETS 113,376 42,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,813

42,984

CREDITORS
Amounts falling due after more than one year 7 (32,309 ) (38,096 )
NET ASSETS 81,504 4,888

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 81,503 4,887
SHAREHOLDERS' FUNDS 81,504 4,888

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th July 2024 and were signed on its behalf by:



Mr B Crook - Director


SEC INTERIOR BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 08257692)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

SEC Interior Building Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08257692, the registered office is KJG, 100 Barbirolli Square, Manchester, M2 3BD and principal place of business is Cinnamon House, Cinnamon Park, Crab Lane, Feamhead, Warrington, Cheshire, WA2 0XP.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of income from development of building projects, which are recognised at the point of which the services are provided, where net takings are recognised as earned.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to profit and loss so as to write off their value, over their estimated useful lives, using the following method :

Computer equipment - 25% on cost

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of asset is estimated in order to determine the extent of the impairment loss, if any.Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

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.

SEC INTERIOR BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 08257692)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand. Bank borrowings are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st November 2022
and 31st October 2023 982 5,935 6,917
DEPRECIATION
At 1st November 2022 982 5,165 6,147
Charge for year - 333 333
At 31st October 2023 982 5,498 6,480
NET BOOK VALUE
At 31st October 2023 - 437 437
At 31st October 2022 - 770 770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 370,206 167,574
Other debtors 135,752 124,176
505,958 291,750

SEC INTERIOR BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 08257692)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,787 5,787
Trade creditors 237,490 100,360
Amounts owed to group undertakings 85,392 87,462
Taxation and social security 44,173 54,467
Other creditors 22,310 2,118
395,152 250,194

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 32,309 38,096

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company's parent entity is SEC Partners Limited.