3 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP NI034480 2023-10-01 2024-09-30 NI034480 2024-09-30 NI034480 2023-09-30 NI034480 2022-10-01 2023-09-30 NI034480 2023-09-30 NI034480 2022-09-30 NI034480 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI034480 core:PlantMachinery 2023-10-01 2024-09-30 NI034480 core:MotorVehicles 2023-10-01 2024-09-30 NI034480 bus:RegisteredOffice 2023-10-01 2024-09-30 NI034480 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 NI034480 bus:Director1 2023-10-01 2024-09-30 NI034480 bus:CompanySecretary1 2023-10-01 2024-09-30 NI034480 core:WithinOneYear 2024-09-30 NI034480 core:WithinOneYear 2023-09-30 NI034480 core:AfterOneYear 2024-09-30 NI034480 core:AfterOneYear 2023-09-30 NI034480 core:ShareCapital 2024-09-30 NI034480 core:ShareCapital 2023-09-30 NI034480 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI034480 core:RetainedEarningsAccumulatedLosses 2023-09-30 NI034480 bus:SmallEntities 2023-10-01 2024-09-30 NI034480 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI034480 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI034480 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI034480 bus:AbridgedAccounts 2023-10-01 2024-09-30
Company registration number: NI034480
SEK Limited
Unaudited filleted abridged financial statements
30 September 2024
SEK Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Notes to the financial statements
SEK Limited
Directors and other information
Director Shane Kearney
Secretary Rosemary Kearney
Company number NI034480
Registered office 35 Belmont Road
Kilkeel
Co Down
BT34 4LA
Accountant GDP Accountants Ltd
122A Moore Street
Aughnacloy
Co Tyrone
BT69 6AA
Bankers HSBC
1 Dublin Road
Omagh
Co Tyrone
BT78 1ES
Solicitors Messrs Donnelly, Neary & Donnelly
1 Downshire Road
Newry
Co Down
SEK Limited
Report to the director on the preparation of the
unaudited statutory financial statements of SEK Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of SEK Limited for the year ended 30 September 2024 as set out on pages 5 to 11 from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of SEK Limited, as a body, in accordance with the terms of my engagement letter dated 9 February 2024. My work has been undertaken solely to prepare for your approval the financial statements of SEK Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than SEK Limited and its director as a body for my work or for this report.
It is your duty to ensure that SEK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SEK Limited. You consider that SEK Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of SEK Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
GDP Accountants Ltd
Chartered Certified Accountants
122A Moore Street
Aughnacloy
Co Tyrone
BT69 6AA
10 June 2025
SEK Limited
Abridged statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 789,847 538,908
_______ _______
789,847 538,908
Current assets
Cash at bank and in hand 73 72
_______ _______
73 72
Creditors: amounts falling due
within one year ( 394,658) ( 224,665)
_______ _______
Net current liabilities ( 394,585) ( 224,593)
_______ _______
Total assets less current liabilities 395,262 314,315
Creditors: amounts falling due
after more than one year 6 ( 184,124) ( 142,941)
Provisions for liabilities ( 35,250) ( 38,356)
_______ _______
Net assets 175,888 133,018
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 175,887 133,017
_______ _______
Shareholder funds 175,888 133,018
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
Shane Kearney
Director
Company registration number: NI034480
SEK Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 35 Belmont Road, Kilkeel, Co Down, BT34 4LA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Plant and machinery - 7.5 % straight line
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
£
Cost
At 1 October 2023 1,407,099
Additions 307,307
_______
At 30 September 2024 1,714,406
_______
Depreciation
At 1 October 2023 868,191
Charge for the year 56,368
_______
At 30 September 2024 924,559
_______
Carrying amount
At 30 September 2024 789,847
_______
At 30 September 2023 538,908
_______
6. Creditors: amounts falling due after more than one year
The bank loans are secured by a fixed charge over the company’s property.