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REGISTERED NUMBER: 11246550 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SES ENGINEERING (NEWARK) LTD

SES ENGINEERING (NEWARK) LTD (REGISTERED NUMBER: 11246550)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SES ENGINEERING (NEWARK) LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: M S Shelbourn
P A Roberts
J J Shelbourn
Mrs A C Roberts





SECRETARY:





REGISTERED OFFICE: Roewood Farm
Winkburn
Newark
Nottinghamshire
NG22 8PG





REGISTERED NUMBER: 11246550 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co Ltd
Chartered Accountants & Business Advisers
52A Westgate
Southwell
Nottinghamshire
NG25 0JX

SES ENGINEERING (NEWARK) LTD (REGISTERED NUMBER: 11246550)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,039,496 971,584

CURRENT ASSETS
Stocks 30,000 7,500
Debtors 5 919,992 1,026,924
Cash at bank 1,495,074 1,033,874
2,445,066 2,068,298
CREDITORS
Amounts falling due within one year 6 577,029 487,799
NET CURRENT ASSETS 1,868,037 1,580,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,907,533

2,552,083

PROVISIONS FOR LIABILITIES 246,363 -
NET ASSETS 2,661,170 2,552,083

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,661,070 2,551,983
SHAREHOLDERS' FUNDS 2,661,170 2,552,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SES ENGINEERING (NEWARK) LTD (REGISTERED NUMBER: 11246550)

BALANCE SHEET - continued
31 March 2024


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 16 August 2024 and were signed on its behalf by:




M S Shelbourn - Director



P A Roberts - Director


SES ENGINEERING (NEWARK) LTD (REGISTERED NUMBER: 11246550)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SES Engineering (Newark) 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.

Changes in accounting policies
In 2024 the company adopted fully recognizing the potential deferred tax provision based on the closing net book value and tax written down value of its fixed assets.

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 - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 29 ) .

SES ENGINEERING (NEWARK) LTD (REGISTERED NUMBER: 11246550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,428,221
Additions 305,072
At 31 March 2024 1,733,293
DEPRECIATION
At 1 April 2023 456,637
Charge for year 237,160
At 31 March 2024 693,797
NET BOOK VALUE
At 31 March 2024 1,039,496
At 31 March 2023 971,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 901,766 1,024,147
Other debtors 18,226 2,777
919,992 1,026,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,718 70,557
Taxation and social security 488,889 397,588
Other creditors 76,422 19,654
577,029 487,799