SES Secure Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03551656 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

SES Secure Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Sharp

D Sharp

P E Bannister

SECRETARY:

D Sharp

REGISTERED OFFICE:

First Floor

Chadsworth House

Wilmslow Road

Wilmslow

SK9 3HP

REGISTERED NUMBER:

03551656 (England and Wales)

ACCOUNTANTS:

Lucas Reis Ltd

Chartered Accountants

Lansdowne House

85 Buxton Road

Stockport

Cheshire

SK2 6LR

FIXED ASSETS

Tangible assets

4

40,772

25,468

CURRENT ASSETS

Debtors

5

220,577

195,068

Cash at bank and in hand

195,567

328,281

416,144

523,349

CREDITORS

Amounts falling due within one year

6

185,691

230,933

NET CURRENT ASSETS

230,453

292,416

TOTAL ASSETS LESS CURRENT LIABILITIES

271,225

317,884

CREDITORS

Amounts falling due after more than one year

7

(31,567

)

(50,667

)

PROVISIONS FOR LIABILITIES

(9,538

)

(4,839

)

NET ASSETS

230,120

262,378

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

24,980

24,980

Retained earnings

205,040

237,298

SHAREHOLDERS' FUNDS

230,120

262,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

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 24 November 2022 and were signed on its behalf by:

W Sharp - Director

1.	STATUTORY INFORMATION

SES Secure Limited 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.	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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

124,752

Additions

28,895

At 30 April 2022

153,647

DEPRECIATION

At 1 May 2021

99,284

Charge for year

13,591

At 30 April 2022

112,875

NET BOOK VALUE

At 30 April 2022

40,772

At 30 April 2021

25,468

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

31,500

DEPRECIATION

At 1 May 2021

21,533

Charge for year

2,492

At 30 April 2022

24,025

NET BOOK VALUE

At 30 April 2022

7,475

At 30 April 2021

9,967

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

211,108

184,552

Other debtors

300

1,800

Prepayments

9,169

8,716

220,577

195,068

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts

9,727

-

Hire purchase contracts

667

4,000

Trade creditors

29,584

23,860

Tax

25,186

47,790

Social security and other taxes

11,924

10,404

VAT

64,013

102,585

Other creditors

28,792

26,943

Client's Deposit

11,444

11,444

Accruals and deferred income

4,354

3,907

185,691

230,933

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans - 1-2 years

31,567

50,000

Hire purchase contracts

-

667

31,567

50,667

8.	OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at the year end of £22,630 (£77,737 - 2021)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is W Sharp.