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Company Registration No. 10294792 (England and Wales)
SECS London Limited Unaudited accounts for the year ended 31 July 2025
SECS London Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SECS London Limited Company Information for the year ended 31 July 2025
Director
Thomas Lomax-Wormald
Company Number
10294792 (England and Wales)
Registered Office
Capital Office 124-128 City Road London London EC1V 2NX England
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SECS London Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
56,309
95
Current assets
Debtors
5
27,105
3,260
Cash at bank and in hand
2,838
813
29,943
4,073
Creditors: amounts falling due within one year
6
(18,709)
123
Net current assets
11,234
4,196
Total assets less current liabilities
67,543
4,291
Creditors: amounts falling due after more than one year
7
(115,299)
(52,537)
Provisions for liabilities
Deferred tax
(10,698)
(18)
Net liabilities
(58,454)
(48,264)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(58,456)
(48,266)
Shareholders' funds
(58,454)
(48,264)
For the year ending 31 July 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2026 and were signed on its behalf by
Thomas Lomax-Wormald Director Company Registration No. 10294792
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SECS London Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
SECS London Limited is a private company, limited by shares, registered in England and Wales, registration number 10294792. The registered office is Capital Office, 124-128 City Road, London, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the year end the company had net liabilities of £49,510. The company continues to be supported by the director and on that basis the director considers it to be appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
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SECS London Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
-
876
876
Additions
60,036
-
60,036
At 31 July 2025
60,036
876
60,912
Depreciation
At 1 August 2024
-
781
781
Charge for the year
3,752
70
3,822
At 31 July 2025
3,752
851
4,603
Net book value
At 31 July 2025
56,284
25
56,309
At 31 July 2024
-
95
95
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
11,994
-
Trade debtors
14,961
3,110
Accrued income and prepayments
150
150
27,105
3,260
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
17,556
-
Taxes and social security
403
(843)
Accruals
750
720
18,709
(123)
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
44,975
-
Loans from directors
70,324
52,537
115,299
52,537
8
Transactions with related parties
The director's loan account balance at the year end stands at £70,324 (2024: £52,537) owing back to T Lomax-Wormald. These amounts are interest free.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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