S.E.C. ELECTRICAL LIMITED


Directors	Gary Gray
	Craig Shepperdson


Registered Address	48 St. James Mill Road
	Northampton
	NN5 5JP


Registered Number	00558175 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		37,529		6,369
			37,529		6,369
Current assets
Stocks	4	16,100		16,000
Debtors	5	1,030,816		1,007,028
Cash at bank and on hand		54,747		10,191
		1,101,663		1,033,219
Creditors amounts falling due within one year	6	(451,474)		(525,816)
Net current assets (liabilities)			650,189		507,403
Total assets less current liabilities			687,718		513,772
Creditors amounts falling due after one year	7		(37,196)		(23,333)
Net assets			650,522		490,439
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			649,522		489,439
Shareholders' funds			650,522		490,439

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

Craig Shepperdson
Director

Gary Gray
Director

Registered Company No. 00558175

S.E.C. ELECTRICAL LIMITED

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	16		14

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 October 23	1,532	4,275	35,158	40,965
Additions	-	33,409	1,168	34,577
At 30 September 24	1,532	37,684	36,326	75,542
Depreciation and impairment
At 01 October 23	1,215	3,562	29,819	34,596
Charge for year	63	2,267	1,087	3,417
At 30 September 24	1,278	5,829	30,906	38,013
Net book value
At 30 September 24	254	31,855	5,420	37,529
At 30 September 23	317	713	5,339	6,369

4.	Stocks

	2024	2023
	£	£
Other stocks	16,100	16,000
Total	16,100	16,000

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	802,631	733,421
Other debtors	226,301	270,674
Prepayments and accrued income	1,884	2,933
Total	1,030,816	1,007,028

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	370,074	445,426
Bank borrowings and overdrafts	18,124	10,000
Taxation and social security	39,731	47,560
Other creditors	3,907	4,229
Accrued liabilities and deferred income	19,638	18,601
Total	451,474	525,816


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	37,196	23,333
Total	37,196	23,333