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REGISTERED NUMBER: 05773604 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Sekura Window Centre Limited

Sekura Window Centre Limited (Registered number: 05773604)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sekura Window Centre Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A Hall





SECRETARY: C W Jackson





REGISTERED OFFICE: Unit 5A
Airport Industrial Estate
Kingston Park
NEWCASTLE UPON TYNE
Tyne and Wear
NE3 2EF





REGISTERED NUMBER: 05773604 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Sekura Window Centre Limited (Registered number: 05773604)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,439 47,002
48,439 47,002

CURRENT ASSETS
Stocks 6 205,875 208,375
Debtors 7 314,201 311,592
Cash at bank and in hand 17,804 95,671
537,880 615,638
CREDITORS
Amounts falling due within one year 8 588,340 606,515
NET CURRENT (LIABILITIES)/ASSETS (50,460 ) 9,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,021

)

56,125

CREDITORS
Amounts falling due after more than one
year

9

(10,181

)

(24,943

)

PROVISIONS FOR LIABILITIES 12 (5,097 ) (5,893 )
NET (LIABILITIES)/ASSETS (17,299 ) 25,289

CAPITAL AND RESERVES
Called up share capital 13 150 150
Share premium 24,999 24,999
Retained earnings (42,448 ) 140
SHAREHOLDERS' FUNDS (17,299 ) 25,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Sekura Window Centre Limited (Registered number: 05773604)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

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





A Hall - Director


Sekura Window Centre Limited (Registered number: 05773604)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sekura Window Centre 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern
The director assesses whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The director makes this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when a contract for the sale of goods is determined as unconditional, usually on delivery of goods to the customer.

Intangible fixed assets
Intangible assets are measured at cost less accumulated amortisation and impairment.
Computer software is being amortised evenly over its estimated useful life of 5 years.
Goodwill has been amortised over its estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - not provided
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.


Sekura Window Centre Limited (Registered number: 05773604)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Invoice discounting creditor
The invoice discounting creditor represents amounts received in respect of financed debts. There is full recourse to the company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. Interest and other charges relating to invoice financing are recognised in the profit and loss account over the relevant period.

Financial instruments
Basic financial instruments are recognised at amortised cost with charges recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 23 ) .

Sekura Window Centre Limited (Registered number: 05773604)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 150,000 25,000 175,000
AMORTISATION
At 1 July 2023
and 30 June 2024 150,000 25,000 175,000
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 1 231,903 28,003
Additions - 20,402 -
Disposals - - -
At 30 June 2024 1 252,305 28,003
DEPRECIATION
At 1 July 2023 - 221,098 25,781
Charge for year - 6,250 1,694
Eliminated on disposal - - -
At 30 June 2024 - 227,348 27,475
NET BOOK VALUE
At 30 June 2024 1 24,957 528
At 30 June 2023 1 10,805 2,222

Sekura Window Centre Limited (Registered number: 05773604)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 137,859 28,314 426,080
Additions - 1,846 22,248
Disposals (38,431 ) - (38,431 )
At 30 June 2024 99,428 30,160 409,897
DEPRECIATION
At 1 July 2023 107,722 24,477 379,078
Charge for year 7,113 3,169 18,226
Eliminated on disposal (35,846 ) - (35,846 )
At 30 June 2024 78,989 27,646 361,458
NET BOOK VALUE
At 30 June 2024 20,439 2,514 48,439
At 30 June 2023 30,137 3,837 47,002

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 11,390 19,550 30,940
DEPRECIATION
At 1 July 2023 5,885 8,554 14,439
Charge for year 2,278 2,749 5,027
At 30 June 2024 8,163 11,303 19,466
NET BOOK VALUE
At 30 June 2024 3,227 8,247 11,474
At 30 June 2023 5,505 10,996 16,501

6. STOCKS
2024 2023
£    £   
Raw materials 65,000 65,000
Finished goods 140,875 143,375
205,875 208,375

Sekura Window Centre Limited (Registered number: 05773604)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 237,075 217,824
Other debtors 4,673 8,250
Prepayments and accrued income 72,453 85,518
314,201 311,592

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,263 10,010
Hire purchase contracts (see note 10) 4,500 6,167
Trade creditors 391,876 389,159
Invoice discounting creditor 98,300 76,388
Amounts owed to related undertakings 610 4,980
Taxation and social security 31,662 43,443
Other creditors 37,400 58,070
Director's current account 2,805 247
Accruals and deferred income 10,924 18,051
588,340 606,515

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,806 10,263
Bank loans - 2-5 years - 9,805
Hire purchase contracts (see note 10) 375 4,875
10,181 24,943

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,500 6,167
Between one and five years 375 4,875
4,875 11,042

Sekura Window Centre Limited (Registered number: 05773604)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,875 11,042
Invoice discounting creditor - 76,388
4,875 87,430

Hire purchase is secured on the assets to which it relates.

Invoice discounting creditor is secured by a fixed charge on purchased debts and a floating charge on all the assets and undertakings of the company, excluding any debts.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,097 5,893

Deferred
tax
£   
Balance at 1 July 2023 5,893
Accelerated capital allowances (796 )
Balance at 30 June 2024 5,097

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
50 B Ordinary £1 50 50
150 150

14. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2024 2023
£ £
Amounts due to/(from) director 2,805 1,176
No interest has been charged.