REGISTERED NUMBER: 15363999 (England and Wales)

SEC PROCUREMENT LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

20 DECEMBER 2023 TO 31 MARCH 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTORS:

Ms J M Hiscock

J G Scullion

A G Silk

C Woodward

Mrs K Tesse

Mrs S Murray

D Smith

SECRETARY:

Ms K Brace

REGISTERED OFFICE:

Building 1092 Galley Drive

Kent Science Park

Sittingbourne

Kent

ME9 8GA

REGISTERED NUMBER:

15363999 (England and Wales)

AUDITORS:

Berringers LLP

Chartered Accountants

and Statutory Auditors

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

4

23,037

CURRENT ASSETS

Debtors

5

1,566,329

Cash at bank

4,102,400

5,668,729

CREDITORS

Amounts falling due within one year

6

1,051,827

NET CURRENT ASSETS

4,616,902

TOTAL ASSETS LESS CURRENT LIABILITIES

4,639,939

RESERVES

Income and expenditure account

4,639,939

4,639,939

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 27 August 2025 and were signed on its behalf by:

D Smith - Director

1.	STATUTORY INFORMATION

SEC Procurement Limited is a private company, limited by guarantee , 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.

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 27 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

7,674

21,756

29,430

At 31 March 2025

7,674

21,756

29,430

DEPRECIATION

Charge for period

761

5,632

6,393

At 31 March 2025

761

5,632

6,393

NET BOOK VALUE

At 31 March 2025

6,913

16,124

23,037

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

918,015

Other debtors

648,314

1,566,329

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

118,877

Taxation and social security

483,394

Other creditors

449,556

1,051,827

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)

for and on behalf of Berringers LLP