REGISTERED NUMBER: 15363999 (England and Wales)

SEC PROCUREMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTORS:

A G Silk

C Woodward

Mrs K Tesse

R Heapy

Ms J Rai

Mrs S Warran-Smith

Ms S Chilcott

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

3rd Floor, Imperial House

21 - 25 North Street

Bromley

Kent

BR1 1SD

FIXED ASSETS

Tangible assets

4

34,335

23,037

CURRENT ASSETS

Debtors

5

1,386,117

1,566,329

Cash at bank

4,488,291

4,102,400

5,874,408

5,668,729

CREDITORS

Amounts falling due within one year

6

710,053

1,051,827

NET CURRENT ASSETS

5,164,355

4,616,902

TOTAL ASSETS LESS CURRENT LIABILITIES

5,198,690

4,639,939

RESERVES

Income and expenditure account

5,198,690

4,639,939

5,198,690

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 15 September 2026 and were signed on its behalf by:

Ms J Rai - 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 year 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 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.

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 year was 30 (2025 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

7,674

21,756

29,430

Additions

-

25,671

25,671

Disposals

-

(3,198

)

(3,198

)

At 31 March 2026

7,674

44,229

51,903

DEPRECIATION

At 1 April 2025

761

5,632

6,393

Charge for year

1,555

11,876

13,431

Eliminated on disposal

-

(2,256

)

(2,256

)

At 31 March 2026

2,316

15,252

17,568

NET BOOK VALUE

At 31 March 2026

5,358

28,977

34,335

At 31 March 2025

6,913

16,124

23,037

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

728,142

918,015

Other debtors

657,975

648,314

1,386,117

1,566,329

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

156,216

118,877

Taxation and social security

376,765

483,394

Other creditors

177,072

449,556

710,053

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