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REGISTERED NUMBER: 04478767 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SOUTH EAST PARTITIONING LIMITED

SOUTH EAST PARTITIONING LIMITED (REGISTERED NUMBER: 04478767)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH EAST PARTITIONING LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: M E Chambers





REGISTERED OFFICE: Unit 7, TON Business Park
2-8 Morley Road
Tonbridge
Kent
TN9 1RA





REGISTERED NUMBER: 04478767 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

SOUTH EAST PARTITIONING LIMITED (REGISTERED NUMBER: 04478767)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,649 16,204

CURRENT ASSETS
Stocks - 148
Debtors 6 111,847 72,541
Cash at bank and in hand 27,574 58,097
139,421 130,786
CREDITORS
Amounts falling due within one year 7 84,099 110,292
NET CURRENT ASSETS 55,322 20,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,971

36,698

PROVISIONS FOR LIABILITIES 909 3,079
NET ASSETS 58,062 33,619

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 57,862 33,419
SHAREHOLDERS' FUNDS 58,062 33,619

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

SOUTH EAST PARTITIONING LIMITED (REGISTERED NUMBER: 04478767)

Balance Sheet - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





M E Chambers - Director


SOUTH EAST PARTITIONING LIMITED (REGISTERED NUMBER: 04478767)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

South East Partitioning 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

- Sale of goods
Turnover from the sale of goods is recognised at the point of sale.

- Rendering of services
When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
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.


SOUTH EAST PARTITIONING LIMITED (REGISTERED NUMBER: 04478767)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 5 months. The provision is measured at the salary cost payable for the period of absence.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the 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.

Financial instruments
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

SOUTH EAST PARTITIONING LIMITED (REGISTERED NUMBER: 04478767)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 23,893 54,192 15,334 93,419
Additions 589 - - 589
Disposals - (34,230 ) - (34,230 )
At 31 July 2024 24,482 19,962 15,334 59,778
DEPRECIATION
At 1 August 2023 22,346 41,015 13,854 77,215
Charge for year 508 3,057 797 4,362
Eliminated on disposal - (25,448 ) - (25,448 )
At 31 July 2024 22,854 18,624 14,651 56,129
NET BOOK VALUE
At 31 July 2024 1,628 1,338 683 3,649
At 31 July 2023 1,547 13,177 1,480 16,204

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,238 33,656
Other debtors 42,609 38,885
111,847 72,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 48,374 59,033
Taxation and social security 24,328 26,754
Other creditors 11,397 24,505
84,099 110,292

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £168,000 (2023: £216,000).

SOUTH EAST PARTITIONING LIMITED (REGISTERED NUMBER: 04478767)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
M E Chambers
Balance outstanding at start of year - (63 )
Amounts advanced - 80
Amounts repaid - (17 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan from the director to the company was unsecured, interest free and repayable on demand.