Scriven Industries Limited 11766734 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is tree surgery Digita Accounts Production Advanced 6.30.9574.0 true 11766734 2022-02-01 2023-01-31 11766734 2023-01-31 11766734 bus:Director1 1 2023-01-31 11766734 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-01-31 11766734 core:CurrentFinancialInstruments 2023-01-31 11766734 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11766734 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11766734 core:FurnitureFittingsToolsEquipment 2023-01-31 11766734 core:MotorVehicles 2023-01-31 11766734 bus:SmallEntities 2022-02-01 2023-01-31 11766734 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11766734 bus:FullAccounts 2022-02-01 2023-01-31 11766734 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11766734 bus:RegisteredOffice 2022-02-01 2023-01-31 11766734 bus:Director1 2022-02-01 2023-01-31 11766734 bus:Director1 1 2022-02-01 2023-01-31 11766734 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-02-01 2023-01-31 11766734 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11766734 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 11766734 core:MotorVehicles 2022-02-01 2023-01-31 11766734 core:PlantMachinery 2022-02-01 2023-01-31 11766734 countries:England 2022-02-01 2023-01-31 11766734 2022-01-31 11766734 bus:Director1 1 2022-01-31 11766734 core:FurnitureFittingsToolsEquipment 2022-01-31 11766734 core:MotorVehicles 2022-01-31 11766734 2021-02-01 2022-01-31 11766734 2022-01-31 11766734 bus:Director1 1 2022-01-31 11766734 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-01-31 11766734 core:CurrentFinancialInstruments 2022-01-31 11766734 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 11766734 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 11766734 core:FurnitureFittingsToolsEquipment 2022-01-31 11766734 core:MotorVehicles 2022-01-31 11766734 bus:Director1 1 2021-02-01 2022-01-31 11766734 bus:Director1 1 2021-01-31 iso4217:GBP xbrli:pure xbrli:shares

Scriven Industries Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

Registration number: 11766734

 

Scriven Industries Limited

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Scriven Industries Limited

(Registration number: 11766734)
Statement of financial position as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

39,373

45,533

Current assets

 

Debtors

6

128,842

88,853

Cash at bank and in hand

 

23

32,378

 

128,865

121,231

Creditors: Amounts falling due within one year

7

(72,525)

(44,353)

Net current assets

 

56,340

76,878

Total assets less current liabilities

 

95,713

122,411

Creditors: Amounts falling due after more than one year

7

(74,387)

(96,204)

Provisions for liabilities

(6,415)

(7,351)

Net assets

 

14,911

18,856

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

14,811

18,756

Shareholders' funds

 

14,911

18,856

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Scriven Industries Limited

(Registration number: 11766734)
Statement of financial position as at 31 January 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 31 May 2023
 

.........................................
Mr A Scriven
Director

 

Scriven Industries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 31 May 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Scriven Industries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Scriven Industries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 3).

 

Scriven Industries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

12,153

11,460

5

Tangible assets

Plant & machinery
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2022

48,546

25,190

73,736

Additions

5,993

-

5,993

At 31 January 2023

54,539

25,190

79,729

Depreciation

At 1 February 2022

16,064

12,139

28,203

Charge for the year

7,877

4,276

12,153

At 31 January 2023

23,941

16,415

40,356

Carrying amount

At 31 January 2023

30,598

8,775

39,373

At 31 January 2022

32,482

13,051

45,533

 

Scriven Industries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

33,172

15,179

Prepayments

116

593

Other debtors

95,554

73,081

 

128,842

88,853

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

21,815

20,963

Trade creditors

 

242

630

Taxation and social security

 

46,806

19,135

Accruals and deferred income

 

3,500

3,500

Other creditors

 

162

125

 

72,525

44,353

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

74,387

96,204

 

Scriven Industries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £7,215 (2022 - £11,338).

10

Related party transactions

Transactions with the director

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr A Scriven

Directors Loan

67,296

83,412

(67,296)

83,412

         
       

 

2022

At 1 February 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2022
£

Mr A Scriven

Directors Loan

58,374

67,296

(58,374)

67,296

         
       

 

Directors loan details

Director's loans are charged at an interest rate of 2% and are repayble on demand.