SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Company limited by guarantee

Company Registration Number:
05338703 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company is that of driving positive change through the London and South East region's built environment sector. It does this by delivering strategic projects that provide strategic leadership and address key market failures, by improving the trading conditions and working practices, and by inspiring all organisations to seek better ways of working to mutual benefit to their customers, themselves, their supply chain and all key stakeholders. In everything it does, SECBE seeks to leverage strategic leadership to bring organisations together in a way that enables businesses to improve productivity and profitability. SECBE Limited is a not for profit company limited by guarantee and as such, any operating surplus is reinvested towards delivering the company's mission.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Bola Abisogun
Matt Buntine
Chris Blythe
Emma Delaney
Helen Elsby
Keith Heard
Derek Rees
David Rintoul


The directors shown below have held office during the period of
1 April 2023 to 19 July 2023

Rosemary Jerrit
Adrian Shah-Cundy
Allan Wilen


The directors shown below have held office during the period of
19 July 2023 to 31 March 2024

Karine Bartle
Malcolm Clarke
Simon Newton


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 July 2024

And signed on behalf of the board by:
Name: Derek Rees
Status: Director

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 1,521,940 1,285,076
Cost of sales: ( 1,222,497 ) ( 1,037,949 )
Gross profit(or loss): 299,443 247,127
Distribution costs: 0 0
Administrative expenses: ( 376,632 ) ( 275,251 )
Other operating income: 0 0
Operating profit(or loss): (77,189) (28,124)
Interest receivable and similar income: 15,884 1,923
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (61,305) (26,201)
Tax: 0 0
Profit(or loss) for the financial year: (61,305) (26,201)

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 6,314 0
Total fixed assets: 6,314 0
Current assets
Debtors: 4 731,170 385,092
Cash at bank and in hand: 218,840 639,651
Total current assets: 950,010 1,024,743
Creditors: amounts falling due within one year: 5 ( 494,982 ) ( 508,540 )
Net current assets (liabilities): 455,028 516,203
Total assets less current liabilities: 461,342 516,203
Creditors: amounts falling due after more than one year: 6 ( 6,444 ) 0
Total net assets (liabilities): 454,898 516,203
Members' funds
Profit and loss account: 454,898 516,203
Total members' funds: 454,898 516,203

The notes form part of these financial statements

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 17 July 2024
and signed on behalf of the board by:

Name: Derek Rees
Status: Director

The notes form part of these financial statements

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT and other sales related taxes, returns, rebates and discounts.The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible fixed assetsTangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.DepreciationDepreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Fixtures, fittings and equipment - 25% straight line

    Other accounting policies

    Summary of significant accounting policies and key accounting estimatesThe principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.Statement of complianceThese financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.Basis of preparationThese financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair valueRevenue recognitionTurnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT and other sales related taxes, returns, rebates and discounts.The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.TaxThe tax expense represents the sum of the tax currently payable and deferred tax.Current taxThe tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.Deferred taxDeferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.Tangible fixed assetsTangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.DepreciationDepreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Fixtures, fittings and equipment - 25% straight lineEmployee benefitsThe costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.PensionsPayments to retirement benefit schemes are charged as an expense as they fall due.

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 41 39

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 8,567 8,567
Additions 7,438 7,438
Disposals 0 0
Revaluations
Transfers
At 31 March 2024 16,005 16,005
Depreciation
At 1 April 2023 8,567 8,567
Charge for year 1,124 1,124
On disposals
Other adjustments
At 31 March 2024 9,691 9,691
Net book value
At 31 March 2024 6,314 6,314
At 31 March 2023 0 0

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 245,361 227,566
Other debtors 485,809 157,526
Total 731,170 385,092

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 70,640 47,763
Taxation and social security 70,206 58,183
Other creditors 354,136 402,594
Total 494,982 508,540

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 0
Other creditors 6,444
Total 6,444 0

SOUTH EAST CENTRE FOR THE BUILT ENVIRONMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Financial Commitments

2024Amounts due in: - less than one year is £42,096- 1 to 5 years is £98,473- more than 5 years is nil2023Amounts due in: - less than one year is £14,585- 1 to 5 years is nil- more than 5 years is nil