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REGISTERED NUMBER: 05039767 (England and Wales)














Financial Statements for the Year Ended 29 February 2024

for

CEA Systems Limited

CEA Systems Limited (Registered number: 05039767)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CEA Systems Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr L Sikapa





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05039767 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

CEA Systems Limited (Registered number: 05039767)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,014 3,871

CURRENT ASSETS
Stocks 6,024 7,242
Debtors 5 37,053 34,606
Cash at bank and in hand 691 562
43,768 42,410
CREDITORS
Amounts falling due within one year 6 25,737 27,565
NET CURRENT ASSETS 18,031 14,845
TOTAL ASSETS LESS CURRENT LIABILITIES 21,045 18,716

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 21,042 18,713
SHAREHOLDERS' FUNDS 21,045 18,716

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 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.

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 director and authorised for issue on 26 November 2024 and were signed by:




Mr L Sikapa - Director


CEA Systems Limited (Registered number: 05039767)

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

1. STATUTORY INFORMATION

CEA Systems 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
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 stocks to their present location and condition.

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 1 (2023 - 1 ) .

CEA Systems Limited (Registered number: 05039767)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 21,375 1,614 10,915 3,228 37,132
DEPRECIATION
At 1 March 2023 20,256 979 9,472 2,554 33,261
Charge for year 168 159 361 169 857
At 29 February 2024 20,424 1,138 9,833 2,723 34,118
NET BOOK VALUE
At 29 February 2024 951 476 1,082 505 3,014
At 28 February 2023 1,119 635 1,443 674 3,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 37,053 34,606

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,941 4,437
Trade creditors 11,512 7,632
Taxation and social security 5,188 5,742
Other creditors 6,096 9,754
25,737 27,565

7. RELATED PARTY DISCLOSURES

Mr Sikapa is considered to be the key management personnel.