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SOUTH EAST INSULATION LIMITED

Registered Number
04440752
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

SOUTH EAST INSULATION LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

DUNN, Brian Ronald

Company Secretary

DUNN, David

Registered Address

2 Colchester Road
Waterloo House
St Osyth
CO16 8HA

Registered Number

04440752 (England and Wales)
SOUTH EAST INSULATION LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,04910,732
8,04910,732
Current assets
Stocks44,347-
Debtors55,014-
Cash at bank and on hand100,393167,880
109,754167,880
Creditors amounts falling due within one year6(2,549)(15,995)
Net current assets (liabilities)107,205151,885
Total assets less current liabilities115,254162,617
Net assets115,254162,617
Capital and reserves
Called up share capital22
Profit and loss account115,252162,615
Shareholders' funds115,254162,617
The financial statements were approved and authorised for issue by the Director on 9 January 2025, and are signed on its behalf by:
DUNN, Brian Ronald
Director
Registered Company No. 04440752
SOUTH EAST INSULATION LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 2326,50825,3085,19357,009
At 31 May 2426,50825,3085,19357,009
Depreciation and impairment
At 01 June 2326,03915,3784,86046,277
Charge for year1172,482842,683
At 31 May 2426,15617,8604,94448,960
Net book value
At 31 May 243527,4482498,049
At 31 May 234699,93033310,732
4.Stocks

2024

2023

££
Other stocks4,347-
Total4,347-
5.Debtors: amounts due within one year

2024

2023

££
Other debtors5,014-
Total5,014-
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security1,4649,931
Other creditors165,045
Accrued liabilities and deferred income1,0691,019
Total2,54915,995
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Directors advances, credits and guarantees
Included within other creditors are amounts owed to the director of £16 (2023 - £5,045). No interest has been charged on any overdrawn amounts during the year.