Secker & Sons (Norwich) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00463193 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

SECKER & SONS (NORWICH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Secker

Mr A J Secker

Mr B J Smith

SECRETARY:

Mr A Secker

REGISTERED OFFICE:

St John's Close

Hall Road

Norwich

Norfolk

NR1 2PR

REGISTERED NUMBER:

00463193 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

FIXED ASSETS

Tangible assets

4

101,661

97,651

CURRENT ASSETS

Stocks

171,499

182,304

Debtors

5

354,390

352,291

Cash at bank and in hand

253,249

367,228

779,138

901,823

CREDITORS

Amounts falling due within one year

6

424,574

464,006

NET CURRENT ASSETS

354,564

437,817

TOTAL ASSETS LESS CURRENT LIABILITIES

456,225

535,468

CREDITORS

Amounts falling due after more than one year

7

29,759

68,011

NET ASSETS

426,466

467,457

CAPITAL AND RESERVES

Called up share capital

9

17,000

17,000

Capital redemption reserve

10

3,000

3,000

Retained earnings

10

406,466

447,457

SHAREHOLDERS' FUNDS

426,466

467,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2021 and were signed on its behalf by:

Mr A J Secker - Director

1.	STATUTORY INFORMATION

Secker & Sons (Norwich) 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

-

33% on cost, 25% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 (2019 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

354,119

Additions

29,750

At 31 December 2020

383,869

DEPRECIATION

At 1 January 2020

256,468

Charge for year

25,740

At 31 December 2020

282,208

NET BOOK VALUE

At 31 December 2020

101,661

At 31 December 2019

97,651

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

Plant and

machinery

etc

£

COST

At 1 January 2020

88,961

Additions

29,250

At 31 December 2020

118,211

DEPRECIATION

At 1 January 2020

33,612

Charge for year

16,774

At 31 December 2020

50,386

NET BOOK VALUE

At 31 December 2020

67,825

At 31 December 2019

55,349

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

244,198

261,188

Other debtors

110,192

91,103

354,390

352,291

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

22,032

21,425

Invoice discounting advances

-

88,959

Trade creditors

144,063

162,735

Taxation and social security

98,454

71,386

Other creditors

160,025

119,501

424,574

464,006

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

22,802

20,526

Other creditors

6,957

47,485

29,759

68,011

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

44,834

41,951

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1,717

Ordinary A

£1

1,717

1,717

50

Ordinary B

£1

50

50

8,232

Ordinary C

£1

8,232

8,232

6,951

Ordinary D

£1

6,951

6,951

50

Ordinary E

£1

50

50

-----------

-----------

17,000

17,000

======

======

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2020

447,457

3,000

450,457

Deficit for the year

(40,991

)

(40,991

)

At 31 December 2020

406,466

3,000

409,466