Secker & Sons (Norwich) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00463193 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SECKER & SONS (NORWICH) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

144,238

121,004

CURRENT ASSETS

Stocks

217,905

240,103

Debtors

5

700,432

629,008

Cash at bank and in hand

199,398

131,032

1,117,735

1,000,143

CREDITORS

Amounts falling due within one year

6

862,241

548,771

NET CURRENT ASSETS

255,494

451,372

TOTAL ASSETS LESS CURRENT
LIABILITIES

399,732

572,376

CREDITORS

Amounts falling due after more than one
year

7

83,491

93,897

NET ASSETS

316,241

478,479

CAPITAL AND RESERVES

Called up share capital

9

17,000

Capital redemption reserve

3,000

Retained earnings

296,241

458,479

SHAREHOLDERS' FUNDS

316,241

478,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 3 September 2025 and were signed on its behalf by:

Mr A J Secker - Director

1.	STATUTORY INFORMATION

Secker & Sons (Norwich) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00463193

Registered office:

St John's Close

Hall Road

Norwich

Norfolk

NR1 2PR

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 etc

-

33% on cost, 25% on reducing balance and 10% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 24 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

412,098

Additions

60,555

At 31 December 2024

472,653

DEPRECIATION

At 1 January 2024

291,094

Charge for year

37,321

At 31 December 2024

328,415

NET BOOK VALUE

At 31 December 2024

144,238

At 31 December 2023

121,004

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

524,843

485,388

Other debtors

175,589

143,620

700,432

629,008

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

20,000

19,983

Hire purchase contracts

45,297

27,467

Trade creditors

307,777

358,513

Taxation and social security

101,375

49,365

Other creditors

387,792

93,443

862,241

548,771

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

21,666

41,683

Hire purchase contracts

57,651

52,214

Other creditors

4,174

-

83,491

93,897

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

41,666

61,666

Hire purchase contracts

102,948

79,681

144,614

141,347

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,717

Ordinary A

£1

1,717

50

Ordinary B

£1

50

8,232

Ordinary C

£1

8,232

6,951

Ordinary D

£1

6,951

50

Ordinary E

£1

50

-----------

17,000

======

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

Mr A Secker

Balance outstanding at start of year

1,070

3,009

Amounts advanced

-

1,070

Amounts repaid

-

(3,009

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,070

Mr A J Secker

Balance outstanding at start of year

28,455

8,769

Amounts advanced

38,414

37,955

Amounts repaid

(37,704

)

(18,269

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

29,165

28,455

Mr B J Smith

Balance outstanding at start of year

40,079

7,615

Amounts advanced

43,488

48,329

Amounts repaid

(48,000

)

(15,865

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

35,567

40,079

The loans are unsecured and repayable on demand. Interest of £902 (2023 - £580) has been charged by the company on these loans.