REGISTERED NUMBER: 11073297 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Separ International Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

S J Smith

Mrs J E Smith

Registered office:

Kemble House

Broad Street

Hereford

HR4 9AR

Registered number:

11073297 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

5

5,702,749

2,583,466

CURRENT ASSETS

Debtors

1,088,737

2,427,419

Cash at bank and in hand

3,997,751

10,743,115

5,086,488

13,170,534

CREDITORS

Amounts falling due within one year

(3,715,728

)

(6,722,871

)

NET CURRENT ASSETS

1,370,760

6,447,663

TOTAL ASSETS LESS CURRENT LIABILITIES

7,073,509

9,031,129

PROVISIONS FOR LIABILITIES

(18,819

)

(87,827

)

NET ASSETS

7,054,690

8,943,302

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

7,054,590

8,943,202

SHAREHOLDERS' FUNDS

7,054,690

8,943,302

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

S J Smith - Director

1.	STATUTORY INFORMATION

Separ International Ltd 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.	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 the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

The company lost a major income stream in the final quarter of 2023 and the directors are taking steps to address this to replace lost revenues and cost reductions. As a consequence the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in the preparation of the financial statements.

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 is recognised upon project delivery.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 25% on cost

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 29 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 January 2024

2,937,290

Additions

3,409,169

At 31 December 2024

6,346,459

Depreciation

At 1 January 2024

353,824

Charge for year

289,886

At 31 December 2024

643,710

Net book value

At 31 December 2024

5,702,749

At 31 December 2023

2,583,466

The company bought a building in the prior period and continued to develop it during the current year. As the development was not complete or brought into use by the year end, no depreciation has been charged.

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

66,037

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

During the year the company made the following purchases with overseas companies under common control of the directors:

2024

2023

£

£

Name of company

Type of transaction

Separ International Limited

Logistics and expenses

-

2,925,331

(A company registered in Afghanistan)

Separ Travel Services International

Plant and equipment

-

619,420

(A company registered in Pakistan)

Logistics and expenses

589,020

9,501,654

Separ Risk Management Services LTD

Logistics and expenses

13,565

(A company registered in Kenya)