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REGISTERED NUMBER: 07170728 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STRUCTURAL SEALANT CONTRACTS LIMITED

STRUCTURAL SEALANT CONTRACTS LIMITED (REGISTERED NUMBER: 07170728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STRUCTURAL SEALANT CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr MJ Kerridge
Mr J A Kerridge





SECRETARY: Ms J Rawles De Ruiz





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 07170728 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

STRUCTURAL SEALANT CONTRACTS LIMITED (REGISTERED NUMBER: 07170728)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 344,611 296,921

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 1,814,887 1,646,138
Cash at bank 105,205 29,173
1,940,092 1,695,311
CREDITORS
Amounts falling due within one year 370,491 334,760
NET CURRENT ASSETS 1,569,601 1,360,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,914,212

1,657,472

CREDITORS
Amounts falling due after more than one
year

(52,604

)

(30,381

)

PROVISIONS FOR LIABILITIES 6 (40,350 ) (37,515 )
NET ASSETS 1,821,258 1,589,576

CAPITAL AND RESERVES
Called up share capital 738,141 738,141
Retained earnings 1,083,117 851,435
SHAREHOLDERS' FUNDS 1,821,258 1,589,576

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.

STRUCTURAL SEALANT CONTRACTS LIMITED (REGISTERED NUMBER: 07170728)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 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 2 September 2024 and were signed on its behalf by:





Mr J A Kerridge - Director


STRUCTURAL SEALANT CONTRACTS LIMITED (REGISTERED NUMBER: 07170728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Structural Sealant Contracts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Capital expenditure on premises - 25% on reducing balance and 10% straight line basis
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% 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 taxation
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.

STRUCTURAL SEALANT CONTRACTS LIMITED (REGISTERED NUMBER: 07170728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 429,432
Additions 156,055
Disposals (51,500 )
At 31 March 2024 533,987
DEPRECIATION
At 1 April 2023 132,511
Charge for year 83,187
Eliminated on disposal (26,322 )
At 31 March 2024 189,376
NET BOOK VALUE
At 31 March 2024 344,611
At 31 March 2023 296,921

STRUCTURAL SEALANT CONTRACTS LIMITED (REGISTERED NUMBER: 07170728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 150,882
Additions 74,431
Transfer to ownership (87,251 )
At 31 March 2024 138,062
DEPRECIATION
At 1 April 2023 56,839
Charge for year 33,577
Eliminated on disposal (26,322 )
Transfer to ownership (22,555 )
At 31 March 2024 41,539
NET BOOK VALUE
At 31 March 2024 96,523
At 31 March 2023 94,043

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 79,649 64,055

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 40,350 37,515

Deferred
tax
£   
Balance at 1 April 2023 37,515
Charge to Income Statement during year 2,835
Balance at 31 March 2024 40,350

The provision for deferred taxation is made up of accelerated capital allowances.

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the employees and directors. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were £157 unpaid contributions (2023: £210).

STRUCTURAL SEALANT CONTRACTS LIMITED (REGISTERED NUMBER: 07170728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. COMMITMENTS, GUARANTEES AND CONTINGENCIES

The company has a total commitments, guarantees and contingencies as at year end 2024 of £7,187 (2023: £14,467).

Included in the above are minimum lease payments under non-cancellable operating leases, falling due as follows:


20242023
££
Within one year6,0327,580
Between one and five years1,1557,187
7,18714,767


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

20242023
££

Balance outstanding at start of year--
Amounts advanced681,303-
Amounts repaid--
Balance outstanding at end of year681,303-

The loan is included within other debtors, has been provided interest free and is repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year the company made a loan to the the parent company. The amount outstanding on the loan at 31 March 2024 was £589,115 (2023- £892,132) (Included in Other Debtors). The loan is interest free and repayable on demand.