Registered number
03875690
Supreme Installations (South East) Limited
Filleted Accounts
31 December 2024
Supreme Installations (South East) Limited
Registered number: 03875690
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 58,833 77,961
Current assets
Stocks 18,350 13,350
Debtors 5 119,337 111,501
Cash at bank and in hand 149,574 197,697
287,261 322,548
Creditors: amounts falling due within one year 6 (59,579) (86,781)
Net current assets 227,682 235,767
Total assets less current liabilities 286,515 313,728
Creditors: amounts falling due after more than one year 7 (10,740) (20,752)
Provisions for liabilities (5,590) (8,867)
Net assets 270,185 284,109
Capital and reserves
Called up share capital 1,425 1,425
Profit and loss account 268,760 282,684
Shareholders' funds 270,185 284,109
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Michael Nunney
Director
Approved by the board on 19 February 2025
Supreme Installations (South East) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Short Leasehold land and buildings 25% Straight line
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 23,880
At 31 December 2024 23,880
Amortisation
At 1 January 2024 23,880
At 31 December 2024 23,880
Net book value
At 31 December 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 106,984 92,794 174,906 374,684
Additions - 483 - 483
At 31 December 2024 106,984 93,277 174,906 375,167
Depreciation
At 1 January 2024 106,984 85,280 104,459 296,723
Charge for the year - 1,999 17,612 19,611
At 31 December 2024 106,984 87,279 122,071 316,334
Net book value
At 31 December 2024 - 5,998 52,835 58,833
At 31 December 2023 - 7,514 70,447 77,961
5 Debtors 2024 2023
£ £
Trade debtors 119,337 105,287
Other debtors - 6,214
119,337 111,501
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,994 9,994
Trade creditors 29,825 51,508
Taxation and social security costs 13,842 13,466
Other creditors 5,918 11,813
59,579 86,781
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,740 20,752
8 Other information
Supreme Installations (South East) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 11
Purdeys Way Ind Estate
Rochford
Essex
SS4 1ND
Supreme Installations (South East) Limited 03875690 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 Mr Michael Nunney No description of principal activity 03875690 2023-01-01 2023-12-31 03875690 core:WithinOneYear 2023-12-31 03875690 core:AfterOneYear 2023-12-31 03875690 core:ShareCapital 2023-12-31 03875690 core:RetainedEarningsAccumulatedLosses 2023-12-31 03875690 2024-01-01 2024-12-31 03875690 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03875690 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03875690 bus:Director40 2024-01-01 2024-12-31 03875690 1 2024-01-01 2024-12-31 03875690 2 2024-01-01 2024-12-31 03875690 core:LandBuildings 2024-01-01 2024-12-31 03875690 core:PlantMachinery 2024-01-01 2024-12-31 03875690 core:Vehicles 2024-01-01 2024-12-31 03875690 countries:England 2024-01-01 2024-12-31 03875690 bus:FRS102 2024-01-01 2024-12-31 03875690 bus:FilletedAccounts 2024-01-01 2024-12-31 03875690 2024-12-31 03875690 core:WithinOneYear 2024-12-31 03875690 core:AfterOneYear 2024-12-31 03875690 core:ShareCapital 2024-12-31 03875690 core:RetainedEarningsAccumulatedLosses 2024-12-31 03875690 core:Goodwill 2024-12-31 03875690 core:LandBuildings 2024-12-31 03875690 core:PlantMachinery 2024-12-31 03875690 core:Vehicles 2024-12-31 03875690 2023-12-31 03875690 core:Goodwill 2023-12-31 03875690 core:LandBuildings 2023-12-31 03875690 core:PlantMachinery 2023-12-31 03875690 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure