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REGISTERED NUMBER: 11895113 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Sef Electrics Ltd

Sef Electrics Ltd (Registered number: 11895113)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Sef Electrics Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Ismaili





REGISTERED OFFICE: 41 Rylston Road
London
N13 5NQ





REGISTERED NUMBER: 11895113 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
East Ham
London
E12 6PH

Sef Electrics Ltd (Registered number: 11895113)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,350 6,700

CURRENT ASSETS
Debtors 5 323,183 49,446
Cash at bank and in hand 100,739 319,390
423,922 368,836
CREDITORS
Amounts falling due within one year 6 62,522 62,238
NET CURRENT ASSETS 361,400 306,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,750

313,298

CREDITORS
Amounts falling due after more than
one year

7

15,277

23,820
NET ASSETS 349,473 289,478

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 349,472 289,477
SHAREHOLDERS' FUNDS 349,473 289,478

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 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.

Sef Electrics Ltd (Registered number: 11895113)

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.

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 10 June 2024 and were signed by:





S Ismaili - Director


Sef Electrics Ltd (Registered number: 11895113)

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

1. STATUTORY INFORMATION

Sef Electrics 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 represents net invoiced sales of services, excluding VAT.

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

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.

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 4 (2023 - 3 ) .

Sef Electrics Ltd (Registered number: 11895113)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 16,750
DEPRECIATION
At 1 April 2023 10,050
Charge for year 3,350
At 31 March 2024 13,400
NET BOOK VALUE
At 31 March 2024 3,350
At 31 March 2023 6,700

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 8,890 2,000
Other debtors 90,739 47,446
99,629 49,446

Amounts falling due after more than one year:
Amounts owed by associates 208,704 -
Other debtors 14,850 -
223,554 -

Aggregate amounts 323,183 49,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 46,896 48,158
Other creditors 15,626 14,080
62,522 62,238

Sef Electrics Ltd (Registered number: 11895113)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,277 23,820

8. RESERVES
Retained
earnings
£   

At 1 April 2023 289,477
Profit for the year 100,421
Dividends (40,426 )
At 31 March 2024 349,472

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
S Ismaili
Balance outstanding at start of year 40,000 122,265
Amounts advanced 44,000 -
Amounts repaid - (82,265 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84,000 40,000

Sef Electrics Ltd

Report of the Accountants to the Director of
Sef Electrics Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ortenz & Co Ltd
354 High Street North
East Ham
London
E12 6PH


10 June 2024