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REGISTERED NUMBER: 02639245 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SCREENING CONSULTANCY AND SUPPLIES LTD.

SCREENING CONSULTANCY AND SUPPLIES LTD. (REGISTERED NUMBER: 02639245)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SCREENING CONSULTANCY AND SUPPLIES LTD.

COMPANY INFORMATION
for the year ended 31 January 2023







DIRECTORS: M T Martin
S J Outhwaite



REGISTERED OFFICE: 42 Somers Road
Rugby
Warwickshire
CV22 7DH



REGISTERED NUMBER: 02639245 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Ashfield BA FCA



AUDITORS: Harrison Beale & Owen Limited
Chartered Accountants and Statutory Auditor
Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT

SCREENING CONSULTANCY AND SUPPLIES LTD. (REGISTERED NUMBER: 02639245)

ABRIDGED BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 972,931 821,404

CURRENT ASSETS
Stocks 947,290 558,865
Debtors 1,885,678 1,122,260
Cash at bank and in hand 390,334 1,369,670
3,223,302 3,050,795
CREDITORS
Amounts falling due within one year 891,127 937,029
NET CURRENT ASSETS 2,332,175 2,113,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,305,106

2,935,170

CREDITORS
Amounts falling due after more than one
year

5

-

(242,033

)

PROVISIONS FOR LIABILITIES 8 (90,930 ) (44,154 )
NET ASSETS 3,214,176 2,648,983

CAPITAL AND RESERVES
Called up share capital 50,075 50,000
Retained earnings 3,164,101 2,598,983
SHAREHOLDERS' FUNDS 3,214,176 2,648,983

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 October 2023 and were signed on its behalf by:





M T Martin - Director


SCREENING CONSULTANCY AND SUPPLIES LTD. (REGISTERED NUMBER: 02639245)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Screening Consultancy and Supplies Ltd. 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.

The financial statements have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous year.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings - 2% on cost
Improvements to properties - 10% on cost
Plant and machinery - at varying rates on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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

Cost includes all direct expenditure and an appropriate of fixed and variable overheads.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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.


SCREENING CONSULTANCY AND SUPPLIES LTD. (REGISTERED NUMBER: 02639245)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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 20 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 1,200,281
Additions 208,918
At 31 January 2023 1,409,199
DEPRECIATION
At 1 February 2022 378,877
Charge for year 57,391
At 31 January 2023 436,268
NET BOOK VALUE
At 31 January 2023 972,931
At 31 January 2022 821,404

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans - more than 5 years - 106,250

SCREENING CONSULTANCY AND SUPPLIES LTD. (REGISTERED NUMBER: 02639245)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 16,002 23,001
Between one and five years 3,476 19,478
19,478 42,479

The lease income expected to be received from the tenant is £18,000 within one year and £nil between one and five years.

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 274,073

The security contains a fixed and floating charge, with negative pledge, over the freehold land and buildings at units 42-46 Somers Road, Rugby.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 90,930 44,154

Deferred
tax
£   
Balance at 1 February 2022 44,154
Provided during year 46,776
Balance at 31 January 2023 90,930

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Ashfield BA FCA (Senior Statutory Auditor)
for and on behalf of Harrison Beale & Owen Limited

10. PENSION COMMITMENTS

During the year under review the company made contributions of £56,027 (2022 - £59,960). As at the current year end, included within creditors are outstanding contributions totalling £nil (2022 - £1,074).

SCREENING CONSULTANCY AND SUPPLIES LTD. (REGISTERED NUMBER: 02639245)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

11. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 45,500 -

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
M T Martin
Balance outstanding at start of year 14,223 4,131
Amounts advanced - 14,223
Amounts repaid (14,223 ) (4,131 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 14,223

13. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.