IRIS Accounts Production v18.3.0.592 02893518 Mr A S Morson Board of Directors Mr R M Lambert Board of Directors Mr T Watson Board of Directors Mr D L Friend Board of Directors Mrs M Chappell Dixon Board of Directors 1.3.17 28.2.18 28.2.18 false true true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028935182017-02-28028935182018-02-28028935182017-03-012018-02-28028935182016-02-29028935182016-03-012017-02-28028935182017-02-2802893518ns15:EnglandWales2017-03-012018-02-2802893518ns14:PoundSterling2017-03-012018-02-2802893518ns10:Director12017-03-012018-02-2802893518ns10:Director22017-03-012018-02-2802893518ns10:Director32017-03-012018-02-2802893518ns10:Director42017-03-012018-02-2802893518ns10:Director52017-03-012018-02-2802893518ns10:CompanySecretary12017-03-012018-02-2802893518ns10:PrivateLimitedCompanyLtd2017-03-012018-02-2802893518ns10:FRS1022017-03-012018-02-2802893518ns10:Audited2017-03-012018-02-2802893518ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2017-03-012018-02-2802893518ns10:LargeMedium-sizedCompaniesRegimeForAccounts2017-03-012018-02-2802893518ns10:FullAccounts2017-03-012018-02-280289351812017-03-012018-02-2802893518ns10:OrdinaryShareClass12017-03-012018-02-2802893518ns10:Director62017-03-012018-02-2802893518ns10:Director72017-03-012018-02-2802893518ns10:RegisteredOffice2017-03-012018-02-2802893518ns5:CurrentFinancialInstruments2018-02-2802893518ns5:CurrentFinancialInstruments2017-02-2802893518ns5:Non-currentFinancialInstruments2018-02-2802893518ns5:Non-currentFinancialInstruments2017-02-2802893518ns5:ShareCapital2018-02-2802893518ns5:ShareCapital2017-02-2802893518ns5:CapitalRedemptionReserve2018-02-2802893518ns5:CapitalRedemptionReserve2017-02-2802893518ns5:RetainedEarningsAccumulatedLosses2018-02-2802893518ns5:RetainedEarningsAccumulatedLosses2017-02-2802893518ns5:ShareCapital2016-02-2902893518ns5:RetainedEarningsAccumulatedLosses2016-02-2902893518ns5:CapitalRedemptionReserve2016-02-2902893518ns5:RetainedEarningsAccumulatedLosses2016-03-012017-02-2802893518ns5:CapitalRedemptionReserve2016-03-012017-02-2802893518ns5:RetainedEarningsAccumulatedLosses2017-03-012018-02-2802893518ns5:CapitalRedemptionReserve2017-03-012018-02-2802893518ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2017-03-012018-02-2802893518ns5:PlantMachinery2017-03-012018-02-2802893518ns5:FurnitureFittings2017-03-012018-02-2802893518ns5:MotorVehicles2017-03-012018-02-2802893518ns5:ComputerEquipment2017-03-012018-02-2802893518ns10:HighestPaidDirector2017-03-012018-02-2802893518ns10:HighestPaidDirector2016-03-012017-02-2802893518ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2017-03-012018-02-2802893518ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2016-03-012017-02-2802893518ns5:OwnedAssets2017-03-012018-02-2802893518ns5:OwnedAssets2016-03-012017-02-2802893518ns5:LeasedAssets2017-03-012018-02-2802893518ns5:LeasedAssets2016-03-012017-02-2802893518ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2016-03-012017-02-280289351812017-03-012018-02-280289351812016-03-012017-02-2802893518ns5:HirePurchaseContracts2017-03-012018-02-2802893518ns5:HirePurchaseContracts2016-03-012017-02-2802893518ns10:OrdinaryShareClass12016-03-012017-02-2802893518ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2017-02-2802893518ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2018-02-2802893518ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2017-02-2802893518ns5:PlantMachinery2017-02-2802893518ns5:FurnitureFittings2017-02-2802893518ns5:MotorVehicles2017-02-2802893518ns5:ComputerEquipment2017-02-2802893518ns5:PlantMachinery2018-02-2802893518ns5:FurnitureFittings2018-02-2802893518ns5:MotorVehicles2018-02-2802893518ns5:ComputerEquipment2018-02-2802893518ns5:PlantMachinery2017-02-2802893518ns5:FurnitureFittings2017-02-2802893518ns5:MotorVehicles2017-02-2802893518ns5:ComputerEquipment2017-02-2802893518ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-02-2802893518ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-03-012018-02-2802893518ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2018-02-2802893518ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-02-2802893518ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-02-2802893518ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-02-2802893518ns5:WithinOneYear2018-02-2802893518ns5:WithinOneYear2017-02-2802893518ns5:BetweenOneFiveYears2018-02-2802893518ns5:BetweenOneFiveYears2017-02-2802893518ns5:MoreThanFiveYears2018-02-2802893518ns5:MoreThanFiveYears2017-02-2802893518ns5:AllPeriods2018-02-2802893518ns5:AllPeriods2017-02-2802893518ns5:DeferredTaxation2017-02-2802893518ns5:DeferredTaxation2018-02-2802893518ns10:OrdinaryShareClass12018-02-2802893518ns5:RetainedEarningsAccumulatedLosses2017-02-2802893518ns5:CapitalRedemptionReserve2017-02-28028935184ns10:Director42017-02-28028935184ns10:Director42016-02-29028935184ns10:Director42017-03-012018-02-28028935184ns10:Director42016-03-012017-02-28028935184ns10:Director42018-02-28028935184ns10:Director42017-02-28


REGISTERED NUMBER: 02893518 (England and Wales)






SCS Building Solutions Limited

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 28 February 2018






SCS Building Solutions Limited (Registered number: 02893518)

Contents of the Financial Statements
for the year ended 28 February 2018










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 12

Notes to the Financial Statements 13


SCS Building Solutions Limited

Company Information
for the year ended 28 February 2018







DIRECTORS: Mr R M Lambert
Mr A S Morson
Mr T Watson
Mr D L Friend
Mrs M Chappell Dixon
Mr N P Skill
Mr A M Rippon





SECRETARY: Mr A S Morson





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 02893518 (England and Wales)





AUDITORS: Jolliffe Cork LLP
Chartered Accountants & Statutory Auditor
33 George Street
Wakefield
West Yorkshire
WF1 1LX

SCS Building Solutions Limited (Registered number: 02893518)

Strategic Report
for the year ended 28 February 2018


The directors present their strategic report for the year ended 28 February 2018.

DEVELOPMENT AND PERFORMANCE OF THE BUSINESS DURING THE YEAR
The directors are pleased to report that the company has enjoyed a successful year to 28 February 2018. The gross profit margin has
increased from 15.6% to 28.7% as a result of the completion of some exceptional contracts which have made significant
contributions to the profitability for 2017/2018. This increased profitability is even more significant given the reduction in turnover
when compared to 2016/2017 which is mainly due to the timing of contracts coming to an end and customers requesting a delay to
new projects coming on line.

Within the year the company saw the collapse of what has historically been one of its major customers Carillion. Before the collapse
management had identified a concerning tread in payment terms and actively took steps to withdraw from tendering, effectively
stopping to secure future works, as is demonstrated by the proportion of turnover which was generated with Carillion which
represented 31% of turnover in 2016/2017 and yet only 10% of turnover in 2017/2018.

PRINCIPLE RISKS AND UNCERTAINTIES
Any business associated with the construction industry is vulnerable to external factors, both economic and political. The key risks
affecting the company include attracting and retaining key staff, cash flow/liquidity and the risks attached to the construction
industry as a whole.

The Key Challenges identified by Management are set out below:

Government Expenditure
A significant amount of construction work is driven by UK Government policy, in particular education and healthcare projects and
therefore any reduction in this expenditure could adversely impact on the company's workflow. The directors have looked to
mitigate this risk by ensuring the company works on projects across a variety of sectors, incorporating both commercial and non
commercial.

Over reliance on certain customers
Over the past 3 years the directors have noted an over reliance on a small number of main contractors, in particular Laings and
Carillion. In 2016/2017 these two customers accounted for 71% of turnover, whereas in 2017/2018 the same percentage of turnover
is split between four customers. In a strategic move to minimise this risk the directors have diversified into new sectors for the
company, such as residential, and in line with market trends are increasing work with different main contractors.

High working capital requirements
Both the directors and the management team have worked hard to stabilise the trade debtors of the business which continue to be
high due to the extended payment terms which are inherent within the construction industry as a whole. The directors continues to
manage this liquidity risk by making good use of strong cash reserves and by requesting similar payment terms from its suppliers.


SCS Building Solutions Limited (Registered number: 02893518)

Strategic Report
for the year ended 28 February 2018

FUTURE DIRECTION
The directors are anticipating an increase in turnover for the coming year having already secured contracts totalling £18m for
2018/2019. The directors are continually seeking new opportunities and are looking to use their experience and reputation to
diversify in to sectors within the market place where the company hasn't previously been as active.

The company is in a strong financial position and the directors are confident that it will continue to see profitable growth.

To enable the group to continue growing the directors have undertaken a succession planning exercise and have identified four key
members of the existing management team who have worked for the business for a number of years. These key individuals have
shown a willingness to take on the responsibility of taking the group forward and have therefore formed a new company, SCS
Group Holdings Limited with a view to acquiring 100% of the issued share capital of SCS Holdings Limited. As part of this process
the existing directors will welcome two new members to the board, Mr C Scott and Mr P Flynn. The directors fully expect that the
business will continue seamlessly through this transition.

ON BEHALF OF THE BOARD:





Mr A S Morson - Secretary


1 October 2018

SCS Building Solutions Limited (Registered number: 02893518)

Report of the Directors
for the year ended 28 February 2018


The directors present their report with the financial statements of the company for the year ended 28 February 2018.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of suspended ceiling installation and dry lining building
construction.

DIVIDENDS
Interim dividends totalling £53.6914 per share were paid on the Ordinary £1 shares during the year. The total distribution of
dividends for the year ended 28 February 2018 will be £1,610,742.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2017 to the date of this report.

Mr R M Lambert
Mr A S Morson
Mr T Watson
Mr D L Friend
Mrs M Chappell Dixon
Mr N P Skill
Mr A M Rippon

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in
accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements
unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the
company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue
in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's
transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of
which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director
in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of
that information.

SCS Building Solutions Limited (Registered number: 02893518)

Report of the Directors
for the year ended 28 February 2018


AUDITORS
The auditors, Jolliffe Cork LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



Mr A S Morson - Secretary


1 October 2018

Report of the Independent Auditors to the Members of
SCS Building Solutions Limited


Opinion
We have audited the financial statements of SCS Building Solutions Limited (the 'company') for the year ended 28 February 2018
which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to
the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted
Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 February 2018 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements
section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit
of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our opinion.

Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt
about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months
from the date when the financial statements are authorised for issue.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and
the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or
otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
SCS Building Solutions Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not
identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our
opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not
visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the
directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the
directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a
material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial
statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's
website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act
2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to
them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the
opinions we have formed.




Adam Perkin FCA (Senior Statutory Auditor)
for and on behalf of Jolliffe Cork LLP
Chartered Accountants & Statutory Auditor
33 George Street
Wakefield
West Yorkshire
WF1 1LX

1 October 2018

SCS Building Solutions Limited (Registered number: 02893518)

Income Statement
for the year ended 28 February 2018

2018 2017
Notes £    £   

TURNOVER 15,480,640 21,958,802

Cost of sales 11,034,357 18,542,606
GROSS PROFIT 4,446,283 3,416,196

Administrative expenses 2,709,131 2,499,789
OPERATING PROFIT 4 1,737,152 916,407

Interest receivable and similar income 40 484
1,737,192 916,891

Interest payable and similar expenses 5 24,205 (25,443 )
PROFIT BEFORE TAXATION 1,712,987 942,334

Tax on profit 6 328,273 (16,548 )
PROFIT FOR THE FINANCIAL YEAR 1,384,714 958,882

SCS Building Solutions Limited (Registered number: 02893518)

Other Comprehensive Income
for the year ended 28 February 2018

2018 2017
Notes £    £   

PROFIT FOR THE YEAR 1,384,714 958,882


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

1,384,714

958,882

SCS Building Solutions Limited (Registered number: 02893518)

Balance Sheet
28 February 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 30,864 49,008
Tangible assets 9 93,953 136,537
124,817 185,545

CURRENT ASSETS
Debtors 10 3,756,717 5,371,063
Cash at bank and in hand 1,890,748 528,634
5,647,465 5,899,697
CREDITORS
Amounts falling due within one year 11 3,890,397 4,040,733
NET CURRENT ASSETS 1,757,068 1,858,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,881,885

2,044,509

CREDITORS
Amounts falling due after more than one year 12 (76,581 ) -

PROVISIONS FOR LIABILITIES 14 (22,951 ) (36,128 )
NET ASSETS 1,782,353 2,008,381

SCS Building Solutions Limited (Registered number: 02893518)

Balance Sheet - continued
28 February 2018

2018 2017
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 15 30,000 30,000
Capital redemption reserve 16 135,000 135,000
Retained earnings 16 1,617,353 1,843,381
SHAREHOLDERS' FUNDS 1,782,353 2,008,381


The financial statements were approved by the Board of Directors on 1 October 2018 and were signed on its behalf by:




Mr A S Morson - Director Mr R M Lambert - Director




Mr T Watson - Director Mr D L Friend - Director




Mrs M Chappell Dixon - Director


SCS Building Solutions Limited (Registered number: 02893518)

Statement of Changes in Equity
for the year ended 28 February 2018

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   

Balance at 1 March 2016 30,000 1,091,795 135,000 1,256,795

Changes in equity
Dividends - (207,296 ) - (207,296 )
Total comprehensive income - 958,882 - 958,882
Balance at 28 February 2017 30,000 1,843,381 135,000 2,008,381

Changes in equity
Dividends - (1,610,742 ) - (1,610,742 )
Total comprehensive income - 1,384,714 - 1,384,714
Balance at 28 February 2018 30,000 1,617,353 135,000 1,782,353

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements
for the year ended 28 February 2018


1. STATUTORY INFORMATION

SCS Building Solutions Limited is a private limited 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. The company's
principal place of business is Newmarket House, Aberford Road, Wakefield, WF3 4AL.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has
been rounded to the nearest (£), unless otherwise stated.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors are of the opinion that the company continues to be a going concern and have therefore adopted that basis in
the preparation of the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as
permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Turnover
Turnover which is stated net of value added tax represents amounts invoiced to third parties except in respect of long term
contracts, where turnover represents the sales value of work done in the year including estimates in respect of amounts not
invoiced.

Development costs
Costs directly attributable to the development of an app for the construction industry are capitalised and amortised over a
straight line basis of 4 years. The app came in to use in November 2015.

All other development costs are pure research and are written off in the year in which the expense occurs.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Equipment - 25% on cost

Fixed assets are initially recorded at cost.


SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


2. ACCOUNTING POLICIES - continued
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
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor
are charged against profits 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.

Employee benefit trust
The company operates an employee benefit trust for employees. The assets of the trust are held separately from those of the
company. The annual payments are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS
2018 2017
£    £   
Wages and salaries 2,125,254 2,397,007
Social security costs 211,851 222,349
Other pension costs 453,602 266,708
2,790,707 2,886,064

The average number of employees during the year was as follows:
2018 2017

Production staff 36 46
Administrative staff 15 15
51 61

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


3. EMPLOYEES AND DIRECTORS - continued

2018 2017
£    £   
Directors' remuneration 281,889 555,697
Directors' pension contributions to money purchase schemes 66,088 134,728
Compensation to director for loss of office - 28,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 7 7

Information regarding the highest paid director is as follows:
2018 2017
£    £   
Emoluments etc 73,350 101,370
Pension contributions to money purchase schemes 6,125 222

4. OPERATING PROFIT

The operating profit is stated after charging:

2018 2017
£    £   
Hire of plant and machinery 284,332 484,560
Depreciation - owned assets 54,002 52,012
Depreciation - assets on hire purchase contracts or finance leases 6,558 6,557
Loss on disposal of fixed assets 1,712 892
Development costs amortisation 18,144 18,018
Auditors' remuneration 14,000 14,000

In addition to remuneration for the audit, the auditors have also levied the following fees:

20182017
£   £   
Tax advisory services5,0407,960
Other services4,4833,961
9,52311,921

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


5. INTEREST PAYABLE AND SIMILAR EXPENSES
2018 2017
£    £   
Other interest 24,205 (25,538 )
Hire purchase - 95
24,205 (25,443 )

6. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
2018 2017
£    £   
Current tax:
UK corporation tax 350,303 -
Over/under provision in prior
year (8,853 ) (16,978 )
Total current tax 341,450 (16,978 )

Deferred tax (13,177 ) 430
Tax on profit 328,273 (16,548 )

Reconciliation of total tax charge/(credit) included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained
below:

2018 2017
£    £   
Profit before tax 1,712,987 942,334
Profit multiplied by the standard rate of corporation tax in the UK of 19% (2017 -
20%)

325,468

188,467

Effects of:
Expenses not deductible for tax purposes 9,016 (135,703 )
Capital allowances in excess of depreciation - (29 )
Adjustments to tax charge in respect of previous periods (8,853 ) (16,978 )
Effect of rate change - corporation tax 1,559 -
Effect of rate change - deferred tax (1,807 ) -
Group relief - (52,305 )
Other timing differences 2,890 -
Total tax charge/(credit) 328,273 (16,548 )

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


7. DIVIDENDS
2018 2017
£    £   
Ordinary shares of £1 each
Interim 1,610,742 207,296

8. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 March 2017
and 28 February 2018 72,574
AMORTISATION
At 1 March 2017 23,566
Amortisation for year 18,144
At 28 February 2018 41,710
NET BOOK VALUE
At 28 February 2018 30,864
At 28 February 2017 49,008

9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 March 2017 231,514 12,993 26,230 85,363 356,100
Additions 7,078 - - 12,610 19,688
Disposals (25,385 ) - - (24,732 ) (50,117 )
At 28 February 2018 213,207 12,993 26,230 73,241 325,671
DEPRECIATION
At 1 March 2017 139,130 12,153 15,847 52,433 219,563
Charge for year 40,319 246 6,558 13,437 60,560
Eliminated on disposal (24,720 ) - - (23,685 ) (48,405 )
At 28 February 2018 154,729 12,399 22,405 42,185 231,718
NET BOOK VALUE
At 28 February 2018 58,478 594 3,825 31,056 93,953
At 28 February 2017 92,384 840 10,383 32,930 136,537

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


9. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2017
and 28 February 2018 26,230
DEPRECIATION
At 1 March 2017 15,847
Charge for year 6,558
At 28 February 2018 22,405
NET BOOK VALUE
At 28 February 2018 3,825
At 28 February 2017 10,383

10. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 2,900,035 4,713,848
Amounts owed by group undertakings 294,147 174,848
Amounts owed by related undertakings 101,145 -
Amounts recoverable on
contracts 283,801 21,163
Other debtors 3,083 3,749
Directors' current accounts 871 9,441
Tax - 100,770
Prepayments and accrued income 64,962 86,007
3,648,044 5,109,826

Amounts falling due after more than one year:
Amounts recoverable on contract 108,673 261,237

Aggregate amounts 3,756,717 5,371,063

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 2,030,962 2,530,783
Amounts owed to group undertakings 194,763 14,101
Tax 350,303 -
Social security and other taxes 68,416 98,818
VAT 339,273 131,491
Other creditors 231,260 517,523
Directors' current accounts 11,250 245,950
Accruals and deferred income 664,170 502,067
3,890,397 4,040,733

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Other creditors 76,581 -

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Within one year 206,214 246,380
Between one and five years 403,368 485,981
In more than five years 235,490 352,987
845,072 1,085,348

14. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 22,951 36,128

Deferred
tax
£   
Balance at 1 March 2017 36,128
Accelerated capital allowances (13,177 )
Balance at 28 February 2018 22,951

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
30,000 Ordinary £1 30,000 30,000

16. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 March 2017 1,843,381 135,000 1,978,381
Profit for the year 1,384,714 1,384,714
Dividends (1,610,742 ) (1,610,742 )
At 28 February 2018 1,617,353 135,000 1,752,353

17. ULTIMATE PARENT COMPANY

The ultimate parent company is Specialist Ceiling Services Holdings Limited, a company registered in England and Wales.

18. CONTINGENT LIABILITIES

There is unlimited multilateral Guarantee dated 28 November 2012 given by SCS Building Solutions Limited, SCS Render
Systems Limited, SCS Manufacturing & Training Limited, Specialist Ceiling Services Southern Limited.

19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and 28 February 2017:

2018 2017
£    £   
Mr D L Friend
Balance outstanding at start of year 9,441 44,832
Amounts advanced 18,281 5,084
Amounts repaid (26,851 ) (40,475 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 871 9,441

SCS Building Solutions Limited (Registered number: 02893518)

Notes to the Financial Statements - continued
for the year ended 28 February 2018


20. RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the current and previous year.

The company has taken advantage of the exemptions available under the FRS 102 section 33.1A not to publish details of
related party transactions with group undertakings as the company is a wholly owned subsidiary of Specialist Ceiling
Services Holdings Limited.

During the year the company paid rent in the sum of £65,000 (2017: £65,000) to a pension scheme in which Mr R M
Lambert, Mr A S Morson, Mr T Watson and Mr D L Friend are trustees and members.

As at the Balance Sheet date, the following amounts were due from non wholly owed fellow subsidiary undertakings:

20182017
££
SCS Render Systems Limited3,15519,534