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S.C. CABINETS LIMITED
Registered Number:02993072
For the period ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 May 2023
S.C. CABINETS LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
02993072
As at 31 May 2023
S.C. CABINETS LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
642,348
661,801
642,348
661,801
Current assets
Inventories
34,892
57,067
2
Trade and other receivables
43,507
57,314
3
479,518
Cash and cash equivalents
247,171
361,552
557,917
Trade and other payables: amounts falling due within one year
(173,796)
(237,047)
4
384,121
124,505
Net current assets
Total assets less current liabilities
766,853
1,045,922
766,853
Net assets
1,045,922
Capital and reserves
Called up share capital
100
100
Retained earnings
766,753
1,045,822
766,853
1,045,922
Shareholders' funds
For the period ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr S Cooper Director
These financial statements were approved and authorised for issue by the Board on 21 July 2023 and were signed by:
The notes form part of these financial statements
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4
For the period ended 31 May 2023
S.C. CABINETS LIMITED
Notes to the Financial Statements
Statutory Information
S.C. CABINETS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number
02993072.
Registered address:
Egerton Street
Farnworth
Bolton
BL4 7ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Motor vehicles
25 Reducing balance
Fixtures and fittings
Inventories
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2. Inventories
2022
2023
£
£
Stocks
57,067
34,892
3. Trade and other receivables
2022
2023
£
£
Trade debtors
52,360
34,837
Other debtors
4,954
8,670
43,507
57,314
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5
For the period ended 31 May 2023
S.C. CABINETS LIMITED
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
79,926
101,073
Taxation and social security
50,659
64,546
Other creditors
106,462
8,177
237,047
173,796
5. Average number of persons employed
During the year the average number of employees was 15 (2022 : 15)
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