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REGISTERED NUMBER: 01396394















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2023

FOR

SOUTH EAST ARC WELDING CO. LIMITED

SOUTH EAST ARC WELDING CO. LIMITED (REGISTERED NUMBER: 01396394)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

SOUTH EAST ARC WELDING CO. LIMITED

COMPANY INFORMATION
for the Year Ended 29 November 2023







DIRECTORS: Mrs A M Seeley
Mrs S A Stoneham





SECRETARY: Mrs A M Seeley





REGISTERED OFFICE: Rosewarne
Meopham Green
Meopham
Kent
DA13 0QU





REGISTERED NUMBER: 01396394






SOUTH EAST ARC WELDING CO. LIMITED (REGISTERED NUMBER: 01396394)

BALANCE SHEET
29 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 148,574 158,734
148,574 158,734

CURRENT ASSETS
Stocks 158,686 127,088
Debtors 6 577,615 603,118
Cash at bank and in hand 113 67,867
736,414 798,073
CREDITORS
Amounts falling due within one year 7 479,143 450,249
NET CURRENT ASSETS 257,271 347,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,845

506,558

CREDITORS
Amounts falling due after more than one year 8 340,000 340,000
NET ASSETS 65,845 166,558

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,745 166,458
SHAREHOLDERS' FUNDS 65,845 166,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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.

SOUTH EAST ARC WELDING CO. LIMITED (REGISTERED NUMBER: 01396394)

BALANCE SHEET - continued
29 November 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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mrs S A Stoneham - Director


SOUTH EAST ARC WELDING CO. LIMITED (REGISTERED NUMBER: 01396394)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 November 2023

1. STATUTORY INFORMATION

South East Arc Welding Co. Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
It was decided in 1998 to start to write off the value of the goodwill over its estimated remaining useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SOUTH EAST ARC WELDING CO. LIMITED (REGISTERED NUMBER: 01396394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 November 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
After making enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the accounts.

The directors consider that no additional disclosures in respect of going concern are necessary for the accounts to give true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 November 2022
and 29 November 2023 17,092
AMORTISATION
At 30 November 2022
and 29 November 2023 17,092
NET BOOK VALUE
At 29 November 2023 -
At 29 November 2022 -

SOUTH EAST ARC WELDING CO. LIMITED (REGISTERED NUMBER: 01396394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 30 November 2022
and 29 November 2023 252,707 375,530 39,840
DEPRECIATION
At 30 November 2022 126,409 346,645 39,063
Charge for year 4,984 4,459 117
At 29 November 2023 131,393 351,104 39,180
NET BOOK VALUE
At 29 November 2023 121,314 24,426 660
At 29 November 2022 126,298 28,885 777

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 November 2022
and 29 November 2023 89,538 15,036 772,651
DEPRECIATION
At 30 November 2022 88,391 13,409 613,917
Charge for year 293 307 10,160
At 29 November 2023 88,684 13,716 624,077
NET BOOK VALUE
At 29 November 2023 854 1,320 148,574
At 29 November 2022 1,147 1,627 158,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 557,975 584,528
Other debtors 19,640 18,590
577,615 603,118

SOUTH EAST ARC WELDING CO. LIMITED (REGISTERED NUMBER: 01396394)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 258,962 303,289
Trade creditors 54,203 23,914
Taxation and social security 81,371 92,522
Other creditors 84,607 30,524
479,143 450,249

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 340,000 340,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A M Seeley.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOUTH EAST ARC WELDING CO. LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South East Arc Welding Co. Limited for the year ended 29 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of South East Arc Welding Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South East Arc Welding Co. Limited and state those matters that we have agreed to state to the Board of Directors of South East Arc Welding Co. Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that South East Arc Welding Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of South East Arc Welding Co. Limited. You consider that South East Arc Welding Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of South East Arc Welding Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








9 August 2024