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Registered number: 08028613

South East Insulation Services Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

South East Insulation Services Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
Stuart Naughton
REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08028613
BANKERS
Barclays
ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

South East Insulation Services Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

South East Insulation Services Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets314,61616,758
CURRENT ASSETS
Stock34,25356,049
Debtors6230,711176,125
Cash at bank and in hand144,89157,404
409,855289,578
CREDITORS: Amounts falling due within one year7230,251107,262
NET CURRENT ASSETS179,604182,316
TOTAL ASSETS LESS CURRENT LIABILITIES194,220199,074
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account194,218199,072
SHAREHOLDERS' FUNDS194,220199,074
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/12/2024 and signed on their behalf by
.............................
Stuart Naughton
Director

South East Insulation Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures And Fittingsreducing balance15%
Equipmentreducing balance25%
Motor Carsreducing balance25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Stocks
Stocks and Work in Progress are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

South East Insulation Services Limited

1f.
1g. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
1h. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20242023
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 01/05/20239,1821,13121,94332,256
Additions-820-820
At 30/04/20249,1821,95121,94333,076
Depreciation
At 01/05/20234,08351110,90415,498
For the year7655112,7604,036
At 30/04/20244,8481,02213,66419,534
Net Book Amounts
At 30/04/20244,3349298,27913,542
At 30/04/20235,09962011,03916,758

South East Insulation Services Limited

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
Disposals1,0741,074
At 30/04/20241,0741,074
5. STOCK 20242023
££
Stock comprises:
Work in progress34,25356,049
34,25356,049
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors115,769117,456
VAT14,72318,669
Other debtors40,00040,000
Directors current account60,219-
230,711176,125
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax64,65824,752
PAYE control5,3444,721
Directors current account-989
Loans30,49436,923
Credit card188334
Trade creditors38,71038,710
Accruals50,857833
Deferred income40,000-
230,251107,262

South East Insulation Services Limited

8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22