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REGISTERED NUMBER: 07588489 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

SECURE ALUMINIUM LIMITED

SECURE ALUMINIUM LIMITED (REGISTERED NUMBER: 07588489)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SECURE ALUMINIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: W Howard
CW Kinsey





REGISTERED OFFICE: Unit 6
Connect 56 Business Hub
Manchester Road
Bury
Lancashire
BL9 9NY





REGISTERED NUMBER: 07588489 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

SECURE ALUMINIUM LIMITED (REGISTERED NUMBER: 07588489)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,208 12,649

CURRENT ASSETS
Stocks 132,500 37,500
Debtors 5 140,622 67,979
Cash at bank and in hand 57,802 139,950
330,924 245,429
CREDITORS
Amounts falling due within one year 6 327,328 238,204
NET CURRENT ASSETS 3,596 7,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,804

19,874

CREDITORS
Amounts falling due after more than
one year

7

45,333

19,500
NET ASSETS 24,471 374

SECURE ALUMINIUM LIMITED (REGISTERED NUMBER: 07588489)

BALANCE SHEET - continued
31ST MAY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 24,461 364
SHAREHOLDERS' FUNDS 24,471 374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11th February 2025 and were signed on its behalf by:





W Howard - Director


SECURE ALUMINIUM LIMITED (REGISTERED NUMBER: 07588489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Secure Aluminium 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks & work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 9 ) .

SECURE ALUMINIUM LIMITED (REGISTERED NUMBER: 07588489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023 37,053 31,298 8,275 76,626
Additions 70,500 - 529 71,029
At 31st May 2024 107,553 31,298 8,804 147,655
DEPRECIATION
At 1st June 2023 32,508 24,109 7,360 63,977
Charge for year 15,039 1,797 634 17,470
At 31st May 2024 47,547 25,906 7,994 81,447
NET BOOK VALUE
At 31st May 2024 60,006 5,392 810 66,208
At 31st May 2023 4,545 7,189 915 12,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 117,160 54,220
Other debtors 23,462 13,759
140,622 67,979

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,000 -
Trade creditors 112,795 51,491
Taxation and social security 10,699 16,278
Other creditors 183,834 160,435
327,328 238,204

SECURE ALUMINIUM LIMITED (REGISTERED NUMBER: 07588489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,500 19,500
Hire purchase contracts 35,833 -
45,333 19,500