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REGISTERED NUMBER: 10764712 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

South Eastern Commercials Limited

South Eastern Commercials Limited (Registered number: 10764712)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


South Eastern Commercials Limited (Registered number: 10764712)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 14,832

Current assets
Stocks - 10,231
Debtors 5 40,331 113,232
Cash at bank and in hand 17,861 13,657
58,192 137,120
Creditors
Amounts falling due within one year 6 54,797 45,144
Net current assets 3,395 91,976
Total assets less current liabilities 3,395 106,808

Provisions for liabilities - 682
Net assets 3,395 106,126

Capital and reserves
Called up share capital 7 100 100
Retained earnings 3,295 106,026
Shareholders' funds 3,395 106,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

South Eastern Commercials Limited (Registered number: 10764712)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





T J Beasley - Director


South Eastern Commercials Limited (Registered number: 10764712)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

South Eastern Commercials Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10764712

Registered office: T & M House
Star Road
Partridge Green
West Sussex
RH13 8RA

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 - 20% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

South Eastern Commercials Limited (Registered number: 10764712)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

3. Employees and directors

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

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 May 2023 20,856
Disposals (20,856 )
At 30 April 2024 -
Depreciation
At 1 May 2023 6,024
Charge for year 695
Eliminated on disposal (6,719 )
At 30 April 2024 -
Net book value
At 30 April 2024 -
At 30 April 2023 14,832

South Eastern Commercials Limited (Registered number: 10764712)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 40,084 23,432
Bad debt provision - (651 )
Other debtors - 90,351
Directors' current accounts - 100
VAT 247 -
40,331 113,232

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 135 130
Tax 10,981 1,177
VAT - 1,916
Other creditors 42,180 -
Accruals and deferred income 1,501 1,921
Accrued expenses - 40,000
54,797 45,144

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. Related party disclosures

Within creditors there is a balance of £42,180 (2023:£90,351 debtor) owed to T & M Plant Hire Limited an associated company.