IRIS Accounts Production v24.3.0.553 07506889 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 21756 27260 11078 31422 22574 36926 10260 21756 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075068892023-03-31075068892024-03-31075068892023-04-012024-03-31075068892022-03-31075068892022-04-012023-03-31075068892023-03-3107506889ns15:EnglandWales2023-04-012024-03-3107506889ns14:PoundSterling2023-04-012024-03-3107506889ns10:Director12023-04-012024-03-3107506889ns10:Director22023-04-012024-03-3107506889ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107506889ns10:SmallEntities2023-04-012024-03-3107506889ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107506889ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107506889ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107506889ns10:FullAccounts2023-04-012024-03-310750688912023-04-012024-03-3107506889ns10:OrdinaryShareClass12023-04-012024-03-3107506889ns10:OrdinaryShareClass22023-04-012024-03-3107506889ns10:Director2422023-03-3107506889ns10:Director2422022-03-3107506889ns10:Director2422023-04-012024-03-3107506889ns10:Director2422022-04-012023-03-3107506889ns10:Director2422024-03-3107506889ns10:Director2422023-03-3107506889ns10:RegisteredOffice2023-04-012024-03-3107506889ns5:CurrentFinancialInstruments2024-03-3107506889ns5:CurrentFinancialInstruments2023-03-3107506889ns5:Non-currentFinancialInstruments2024-03-3107506889ns5:Non-currentFinancialInstruments2023-03-3107506889ns5:ShareCapital2024-03-3107506889ns5:ShareCapital2023-03-3107506889ns5:RetainedEarningsAccumulatedLosses2024-03-3107506889ns5:RetainedEarningsAccumulatedLosses2023-03-3107506889ns5:NetGoodwill2023-04-012024-03-3107506889ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107506889ns5:PlantMachinery2023-04-012024-03-3107506889ns5:NetGoodwill2023-03-3107506889ns5:NetGoodwill2024-03-3107506889ns5:NetGoodwill2023-03-3107506889ns5:PlantMachinery2023-03-3107506889ns5:PlantMachinery2024-03-3107506889ns5:PlantMachinery2023-03-3107506889ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107506889ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107506889ns10:OrdinaryShareClass12024-03-3107506889ns10:OrdinaryShareClass22024-03-3107506889ns5:RetainedEarningsAccumulatedLosses2023-03-3107506889ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31075068891ns10:Director12023-03-31075068891ns10:Director12022-03-31075068891ns10:Director12023-04-012024-03-31075068891ns10:Director12022-04-012023-03-31075068891ns10:Director12024-03-31075068891ns10:Director12023-03-31
REGISTERED NUMBER: 07506889 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CLOSE S & E LIMITED

CLOSE S & E LIMITED (REGISTERED NUMBER: 07506889)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLOSE S & E LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S D Brewster
Mrs E Brewster





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 07506889 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

CLOSE S & E LIMITED (REGISTERED NUMBER: 07506889)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 834 542
835 543

CURRENT ASSETS
Work in progress 8,000 8,000
Debtors 6 12,895 25,133
Cash in hand 1,000 1,000
21,895 34,133
CREDITORS
Amounts falling due within one year 7 15,395 23,902
NET CURRENT ASSETS 6,500 10,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,335

10,774

CREDITORS
Amounts falling due after more than one
year

8

7,111

10,209
NET ASSETS 224 565

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 24 365
SHAREHOLDERS' FUNDS 224 565

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.

CLOSE S & E LIMITED (REGISTERED NUMBER: 07506889)

Statement of Financial Position - 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.

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 20 November 2024 and were signed on its behalf by:




S D Brewster - Director



Mrs E Brewster - Director


CLOSE S & E LIMITED (REGISTERED NUMBER: 07506889)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Close S & E 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on cost

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 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.

CLOSE S & E LIMITED (REGISTERED NUMBER: 07506889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 49,999
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,637
Additions 549
At 31 March 2024 3,186
DEPRECIATION
At 1 April 2023 2,095
Charge for year 257
At 31 March 2024 2,352
NET BOOK VALUE
At 31 March 2024 834
At 31 March 2023 542

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,635 3,377
Other debtors 10,260 21,756
12,895 25,133

CLOSE S & E LIMITED (REGISTERED NUMBER: 07506889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 4,392 3,481
Taxation and social security 2,905 4,528
Other creditors 8,098 15,893
15,395 23,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 7,111 10,209

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 7,111 10,209

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,392 3,481

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 7,111 10,209

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

CLOSE S & E LIMITED (REGISTERED NUMBER: 07506889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 365
Profit for the year 7,659
Dividends (8,000 )
At 31 March 2024 24

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
S D Brewster and Mrs E Brewster
Balance outstanding at start of year 21,756 27,260
Amounts advanced 11,078 31,422
Amounts repaid (22,574 ) (36,926 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,260 21,756

Interest was charged on the overdrawn loan account at the official rate.

The loan was repaid within 9 months of the year end.

13. RELATED PARTY DISCLOSURES

The Company remained under the control of it's Directors'.