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REGISTERED NUMBER: 07410496 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

S.E.I. (WM) LTD

S.E.I. (WM) LTD (Registered number: 07410496)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


S.E.I. (WM) LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: MRS W.S. GAUNT
S J GAUNT
R GAUNT





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 07410496 (England and Wales)






S.E.I. (WM) LTD (Registered number: 07410496)

Report of the Directors
for the Year Ended 31 March 2024

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

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

MRS W.S. GAUNT
S J GAUNT
R GAUNT

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





MRS W.S. GAUNT - Director


1 September 2024

S.E.I. (WM) LTD (Registered number: 07410496)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2024

31/3/24 31/3/23
Notes £    £   

TURNOVER 645,150 432,813

Cost of sales 439,432 305,405
GROSS PROFIT 205,718 127,408

Administrative expenses 180,722 119,665
OPERATING PROFIT and
PROFIT BEFORE TAXATION 24,996 7,743

Tax on profit 1,106 -
PROFIT FOR THE FINANCIAL YEAR 23,890 7,743

Retained earnings at beginning of year 10,721 2,978

Dividends 4 (20,000 ) -

RETAINED EARNINGS AT END OF YEAR 14,611 10,721

S.E.I. (WM) LTD (Registered number: 07410496)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,000 2,000

CURRENT ASSETS
Stocks 22,000 35,000
Debtors 6 66,762 42,966
Cash at bank and in hand 15,454 14,417
104,216 92,383
CREDITORS
Amounts falling due within one year 7 55,999 41,438
NET CURRENT ASSETS 48,217 50,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,217

52,945

CREDITORS
Amounts falling due after more than one
year

8

35,604

42,222
NET ASSETS 14,613 10,723

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,611 10,721
SHAREHOLDERS' FUNDS 14,613 10,723

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2024 and were signed on its behalf by:





MRS W.S. GAUNT - Director


S.E.I. (WM) LTD (Registered number: 07410496)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

S.E.I. (WM) 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.

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.

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. DIVIDENDS
31/3/24 31/3/23
£    £   
ORDINARY shares of 1.00 each
Final 20,000 -

S.E.I. (WM) LTD (Registered number: 07410496)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 26,000
DEPRECIATION
At 1 April 2023
and 31 March 2024 24,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 66,762 42,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 524 606
Trade creditors 6 6
Tax 1,106 -
VAT 34,326 21,770
Directors' current accounts 17,787 17,056
Accrued expenses 2,250 2,000
55,999 41,438

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bounce Back Loan 35,604 42,222