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REGISTERED NUMBER: 06985657 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

SCE LIMITED

SCE LIMITED (REGISTERED NUMBER: 06985657)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCE LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2021







Directors: Mr S Clarke
Mrs. D Clarke





Registered office: 34 Edward Street
Langley Mill
Nottinghamshire
NG16 4DH





Registered number: 06985657 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

SCE LIMITED (REGISTERED NUMBER: 06985657)

Balance Sheet
31 AUGUST 2021

2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 4 29,124 37,485

Current assets
Stocks 21,750 -
Debtors 5 73,032 127,885
Cash at bank - 31,899
94,782 159,784
Creditors
Amounts falling due within one year 6 44,243 53,257
Net current assets 50,539 106,527
Total assets less current liabilities 79,663 144,012

Creditors
Amounts falling due after more than one
year

7

45,000

52,917
Net assets 34,663 91,095

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 34,563 90,995
Shareholders' funds 34,663 91,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 7 September 2022 and were signed on its behalf by:





Mr S Clarke - Director


SCE LIMITED (REGISTERED NUMBER: 06985657)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2021

1. STATUTORY INFORMATION

Sce 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.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Equipment - 10% on cost

Government grants
Government grants are shown separately in the profit & loss account, specifically the JRS grant.

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 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 3 (2020 - 2 ) .

SCE LIMITED (REGISTERED NUMBER: 06985657)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£ £ £ £ £
Cost
At 1 September 2020
and 31 August 2021 9,010 3,761 45,405 8,654 66,830
Depreciation
At 1 September 2020 4,096 2,163 19,864 3,222 29,345
Charge for year 743 325 6,385 908 8,361
At 31 August 2021 4,839 2,488 26,249 4,130 37,706
Net book value
At 31 August 2021 4,171 1,273 19,156 4,524 29,124
At 31 August 2020 4,914 1,598 25,541 5,432 37,485

Included within the net book value of £29,124 is £12,015 (2020 - £16,020) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £4,005 (2020 - £5,340).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors 20,644 20,400
Other Debtors 1,190 1,822
Directors' loan accounts 51,198 105,663
73,032 127,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Bank loans and overdrafts 14,138 4,128
Hire purchase contracts 3,750 3,750
Trade creditors 265 614
Tax 19,360 36,140
VAT 4,730 6,625
Other creditors 2,000 2,000
44,243 53,257

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£ £
Loans - 2-5 years 42,500 46,667
Hire purchase contracts 2,500 6,250
45,000 52,917

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £ £
100 Ordinary £1 100 100

SCE LIMITED (REGISTERED NUMBER: 06985657)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2021

9. RESERVES
Retained
earnings
£

At 1 September 2020 90,995
Profit for the year 50,568
Dividends (107,000 )
At 31 August 2021 34,563

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2021 and 31 August 2020:

2021 2020
£ £
Mr S Clarke and Mrs. D Clarke
Balance outstanding at start of year 105,663 88,708
Amounts advanced 51,644 134,609
Amounts repaid (106,109 ) (117,654 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,198 105,663