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REGISTERED NUMBER: 12185457 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SEP RESOURCE SOLUTIONS LIMITED

SEP RESOURCE SOLUTIONS LIMITED (REGISTERED NUMBER: 12185457)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEP RESOURCE SOLUTIONS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Mr D W Stafford





Registered office: 5 Hattersley Court
Ormskirk
Lancashire
L39 2AY





Registered number: 12185457 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

SEP RESOURCE SOLUTIONS LIMITED (REGISTERED NUMBER: 12185457)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,135

CURRENT ASSETS
Debtors 5 213,756 343,160
Cash at bank - 24,640
213,756 367,800
CREDITORS
Amounts falling due within one year 6 328,696 488,318
NET CURRENT LIABILITIES (114,940 ) (120,518 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(114,940

)

(118,383

)

CREDITORS
Amounts falling due after more than one year 7 20,139 22,492
NET LIABILITIES (135,079 ) (140,875 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings (136,079 ) (141,875 )
SHAREHOLDERS' FUNDS (135,079 ) (140,875 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2024 and were signed by:





Mr D W Stafford - Director


SEP RESOURCE SOLUTIONS LIMITED (REGISTERED NUMBER: 12185457)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sep Resource Solutions 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 each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 3,587
Disposals (3,587 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 1,452
Eliminated on disposal (1,452 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 2,135

SEP RESOURCE SOLUTIONS LIMITED (REGISTERED NUMBER: 12185457)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 212,784 342,260
Other debtors 972 900
213,756 343,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 85,830 170,089
Trade creditors 87,878 98,592
Amounts owed to group undertakings 131,307 153,059
Taxation and social security 21,138 34,406
Other creditors 2,543 32,172
328,696 488,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 20,139 22,492

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 28,472 -

The company assets are secured by fixed and floating charges, dated 14 April 2022 in favour of
Lloyds Bank Commercial Finance LTD and was satisfied on 23 April 2024.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. GOING CONCERN

The directors have a reasonable expectation that the Company has adequate resources to continue in
operational existence for the foreseeable future. The majority of Creditors are an Intercompany loan and the Company is showing strong financial performance. The Company therefore continues to adopt the going
concern basis in preparing its consolidated financial statements.