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REGISTERED NUMBER: 07861808 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

S S F Engineering Ltd

S S F Engineering Ltd (Registered number: 07861808)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


S S F Engineering Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Tredray





SECRETARY: Mrs R Tredray





REGISTERED OFFICE: 31 Walker Avenue
Wolverton Mill East
Milton Keynes
MK12 5TW





REGISTERED NUMBER: 07861808 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

S S F Engineering Ltd (Registered number: 07861808)

Abridged Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,321 101,128

CURRENT ASSETS
Stocks 10,132 11,258
Debtors 60,855 71,761
Cash at bank and in hand 265,801 235,470
336,788 318,489
CREDITORS
Amounts falling due within one year 168,347 166,567
NET CURRENT ASSETS 168,441 151,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,762

253,050

CREDITORS
Amounts falling due after more than one
year

(52,745

)

(71,103

)

PROVISIONS FOR LIABILITIES (19,119 ) (15,809 )
NET ASSETS 189,898 166,138

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 189,788 166,028
SHAREHOLDERS' FUNDS 189,898 166,138

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 director acknowledges his 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.

S S F Engineering Ltd (Registered number: 07861808)

Abridged Statement of Financial Position - 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 Income Statement and an abridged Statement of Financial Position 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 director and authorised for issue on 3 July 2024 and were signed by:





R Tredray - Director


S S F Engineering Ltd (Registered number: 07861808)

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

1. STATUTORY INFORMATION

S S F Engineering 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.

The director has considered the forward orders and the cash flow of the business. This, combined with the fact that the company is meeting all of its liabilities as they fall due form the basis of the decision that the director considers that the going concern basis of preparation to be appropriate.

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 - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost and 10% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

S S F Engineering Ltd (Registered number: 07861808)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 38,303 24,440 162,663 7,557 232,963
Additions 8,895 - - - 8,895
At 31 December 2023 47,198 24,440 162,663 7,557 241,858
DEPRECIATION
At 1 January 2023 34,669 20,598 69,844 6,724 131,835
Charge for year 2,776 1,653 12,060 213 16,702
At 31 December 2023 37,445 22,251 81,904 6,937 148,537
NET BOOK VALUE
At 31 December 2023 9,753 2,189 80,759 620 93,321
At 31 December 2022 3,634 3,842 92,819 833 101,128

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £14,248 was owed by the company to the director (2022 - £6,473) . £14,248 was the maximum sum outstanding during the period. No interest has been paid or accrued on the sum owed and there are no fixed repayment terms.

6. RELATED PARTY DISCLOSURES

During the year rent of £15,000 (2022 - £15,000) has been charged to SSF Engineering Ltd by Mr & Mrs R Tredray.At the balance sheet date a sum of £3000 was in credit, (2022 £1,500 - was outstandingl).The rent charged is on a commercial basis.