Secol Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00618710

Secol Limited

Unaudited financial statements

28 February 2026

Secol Limited

Statement of financial position

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		321,464		336,650

Current assets

Stocks		326,095	334,465
Debtors	6	2,135,703	1,873,144
Cash at bank and in hand		141,974	431,002
		-----------	-----------
		2,603,772	2,638,611

Creditors: Amounts falling due within one year	7	( 173,746)		( 186,574)
		-----------		-----------
Net current assets			2,430,026		2,452,037
			-----------		-----------
Total assets less current liabilities			2,751,490		2,788,687
			-----------		-----------
Net assets			2,751,490		2,788,687
			-----------		-----------

Capital and reserves

Called up share capital	80,000	80,000
Profit and loss account	2,671,490	2,708,687
	-----------	-----------
Shareholders funds	2,751,490	2,788,687
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 August 2026 , and are signed on behalf of the board by:

P D C Green
Director

Company registration number: 00618710

Secol Limited

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13-16 Howlett Way, Thetford, Norfolk, IP24 1HZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: - Deferred tax asset - The company recognised the net future benefit related to deferred tax assets to the extent that it is probable that the deductible temporary differences will reverse in the foreseeable future. Assessing the recoverability of deferred tax income tax assets required the company to make significant judgements related to expectation of future taxable income. Estimates of future income based on forecast cash flows from operations and the application of existing tax laws in each jurisdiction. To the extent that future cash flows and taxable income differ significantly from estimates, the ability of the company to realise the net deferred tax assets recorded at the reporting date could be impacted. Additionally, future changes in tax laws in the jurisdictions in which the company operates would limit the ability of the company to obtain tax deductions in future years.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Goods Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and Buildings	-	1% straight line
Plant & Machinery	-	28% reducing balance
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. Employee numbers

The average number of employees during the year was 8 (2025: 8 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2025 and 28 February 2026	405,480	1,328,463	29,844	1,763,787
	---------	-----------	-------	-----------
Depreciation
At 1 March 2025	101,737	1,322,915	2,485	1,427,137
Charge for the year	2,177	5,548	7,461	15,186
	---------	-----------	-------	-----------
At 28 February 2026	103,914	1,328,463	9,946	1,442,323
	---------	-----------	-------	-----------
Carrying amount
At 28 February 2026	301,566	–	19,898	321,464
	---------	-----------	-------	-----------
At 28 February 2025	303,743	5,548	27,359	336,650
	---------	-----------	-------	-----------

6. Debtors

	2026	2025
	£	£
Trade debtors	108,082	99,101
Other debtors	2,027,621	1,774,043
	-----------	-----------
	2,135,703	1,873,144
	-----------	-----------

The debtors above include the following amounts falling due after more than one year:

	2026	2025
	£	£
Other debtors	438,625	377,227
	---------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	53,925	30,168
Social security and other taxes	80,467	123,181
Other creditors	39,354	33,225
	---------	---------
	173,746	186,574
	---------	---------

8. Director's advances, credits and guarantees

Included within debtors at the year end is a directors loan account of £1,372,863 (2025: £1,190,943). The maximum overdrawn balance during the year was £1,372,863 (2025: £1,190,943). Interest has been charged on the loan at the official rate.