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REGISTERED NUMBER: 09995543 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Sce Electrical Ltd

Sce Electrical Ltd (Registered number: 09995543)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sce Electrical Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L J Cahill
A B Stokes





REGISTERED OFFICE: 4 Stone Street Court
Stone Street
Hadleigh
Suffolk
IP7 6HY





REGISTERED NUMBER: 09995543 (England and Wales)





ACCOUNTANTS: Guymer King Limited
4 Stone Street Court
Stone Street
Hadleigh
Suffolk
IP7 6HY

Sce Electrical Ltd (Registered number: 09995543)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 3,333
Tangible assets 5 48,724 28,888
54,724 32,221

CURRENT ASSETS
Stocks 16,495 32,780
Debtors 6 266,798 223,249
Cash at bank and in hand 216,084 120,376
499,377 376,405
CREDITORS
Amounts falling due within one year 7 299,535 178,090
NET CURRENT ASSETS 199,842 198,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,566

230,536

CREDITORS
Amounts falling due after more than
one year

8

(23,593

)

(25,833

)

PROVISIONS FOR LIABILITIES (12,181 ) (8,055 )
NET ASSETS 218,792 196,648

Sce Electrical Ltd (Registered number: 09995543)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 218,692 196,548
218,792 196,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




L J Cahill - Director



A B Stokes - Director


Sce Electrical Ltd (Registered number: 09995543)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sce Electrical 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.

Intangible assets
Intangible assets are patent application fees which are capitalised on the basis that the asset created will have a life of several years. Until the patent is granted the costs are not amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles 25% Reducing balance basis
Plant and machinery 20% Reducing balance basis
Fixtures and fittings 20% Reducing balance basis

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.


Sce Electrical Ltd (Registered number: 09995543)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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 15 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023 3,333
Additions 2,667
At 29 February 2024 6,000
NET BOOK VALUE
At 29 February 2024 6,000
At 28 February 2023 3,333

The intangible assets represent Patent fees which will be amortised once the patents have either been granted or written off as necessary.

Sce Electrical Ltd (Registered number: 09995543)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 71,684
Additions 35,626
At 29 February 2024 107,310
DEPRECIATION
At 1 March 2023 42,796
Charge for year 15,790
At 29 February 2024 58,586
NET BOOK VALUE
At 29 February 2024 48,724
At 28 February 2023 28,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 221,219 193,825
Other debtors 45,579 29,424
266,798 223,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,952 -
Trade creditors 213,621 64,463
Taxation and social security 28,055 25,338
Other creditors 39,907 78,289
299,535 178,090

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 7,760 -
23,593 25,833

Sce Electrical Ltd (Registered number: 09995543)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £33,027 (2023: £53,142)