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REGISTERED NUMBER: 04990626 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Secure IT Environments Limited

Secure IT Environments Limited (Registered number: 04990626)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Secure IT Environments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C K Wellfair
Mrs J A Garvie





SECRETARY: Mrs J A Garvie





REGISTERED OFFICE: 9 Shortmead Street
Biggleswade
Bedfordshire
SG18 0AT





REGISTERED NUMBER: 04990626 (England and Wales)

Secure IT Environments Limited (Registered number: 04990626)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,737 8,516
Investments 5 6,523 7,599
20,260 16,115

CURRENT ASSETS
Work-in-progress 47,826 70,900
Debtors 1,564,268 659,253
Cash at bank and in hand 1,403,249 1,036,075
3,015,343 1,766,228
CREDITORS
Amounts falling due within one year 1,757,860 616,853
NET CURRENT ASSETS 1,257,483 1,149,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,277,743

1,165,490

PROVISIONS FOR LIABILITIES 3,434 1,617
NET ASSETS 1,274,309 1,163,873

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 1,271,309 1,160,873
1,274,309 1,163,873

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

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

Secure IT Environments Limited (Registered number: 04990626)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2024 and were signed on its behalf by:




Mrs J A Garvie - Director



C K Wellfair - Director


Secure IT Environments Limited (Registered number: 04990626)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Secure IT Environments Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Office equipment - 25% 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 work-in-progress 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.

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.

Fixed asset investments
The listed investments figure in the accounts is the cost rather than the market value at the year end date. The movement between the two is not deemed material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

Secure IT Environments Limited (Registered number: 04990626)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 64,072
Additions 7,810
At 31 December 2023 71,882
DEPRECIATION
At 1 January 2023 55,556
Charge for year 2,589
At 31 December 2023 58,145
NET BOOK VALUE
At 31 December 2023 13,737
At 31 December 2022 8,516

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023 7,599
Revaluations (1,076 )
At 31 December 2023 6,523
NET BOOK VALUE
At 31 December 2023 6,523
At 31 December 2022 7,599

Cost or valuation at 31 December 2023 is represented by:
Totals
£   
Valuation in 2023 (1,076 )
Cost 7,599
6,523

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
C K Wellfair
Balance outstanding at start of year 2,717 2,779
Amounts repaid (501 ) (62 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,216 2,717

Secure IT Environments Limited (Registered number: 04990626)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs J A Garvie
Balance outstanding at start of year 2,717 2,779
Amounts repaid (501 ) (62 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,216 2,717