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REGISTERED NUMBER: 04312041 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

SCS Haulage Limited

SCS Haulage Limited (Registered number: 04312041)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SCS Haulage Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr S C Short
Mrs D J Short





SECRETARY: Mr S C Short





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 04312041 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

SCS Haulage Limited (Registered number: 04312041)

Statement of Financial Position
31 October 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 699,578 446,984

CURRENT ASSETS
Debtors 5 487,012 566,483
Cash at bank 1,381,232 1,406,645
1,868,244 1,973,128
CREDITORS
Amounts falling due within one year 6 302,484 396,401
NET CURRENT ASSETS 1,565,760 1,576,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,265,338

2,023,711

CREDITORS
Amounts falling due after more than one
year

7

(97,793

)

(126,496

)

PROVISIONS FOR LIABILITIES (174,895 ) (105,711 )
NET ASSETS 1,992,650 1,791,504

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,992,550 1,791,404
SHAREHOLDERS' FUNDS 1,992,650 1,791,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

SCS Haulage Limited (Registered number: 04312041)

Statement of Financial Position - continued
31 October 2023


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 6 February 2024 and were signed on its behalf by:





Mr S C Short - Director


SCS Haulage Limited (Registered number: 04312041)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

SCS Haulage 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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 - 25% on reducing balance and 20% on cost
Fixtures and fittings - 10% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet.

The interest elements of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

SCS Haulage Limited (Registered number: 04312041)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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 14 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 November 2022 1,345,992 10,624 35,100 1,391,716
Additions 493,389 - 56,093 549,482
Disposals (480,166 ) - - (480,166 )
At 31 October 2023 1,359,215 10,624 91,193 1,461,032
DEPRECIATION
At 1 November 2022 929,524 2,709 12,499 944,732
Charge for year 262,553 791 19,667 283,011
Eliminated on disposal (466,289 ) - - (466,289 )
At 31 October 2023 725,788 3,500 32,166 761,454
NET BOOK VALUE
At 31 October 2023 633,427 7,124 59,027 699,578
At 31 October 2022 416,468 7,915 22,601 446,984

Included within the net book value of £699,578 (2022 - £446,984) is £117,300 (2022 - £34,920), relating to assets on finance lease/hire purchase agreements. The depreciation charged during the year in respect of such assets amounted to £94,020 (2022 - £150,480).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 394,372 452,232
Other debtors 73 178
VAT - 24,329
Prepayments and accrued income 92,567 89,744
487,012 566,483

SCS Haulage Limited (Registered number: 04312041)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts and finance leases 86,427 133,956
Trade creditors 125,582 226,636
Amounts owed to associates 32,770 16,647
Tax 10,041 1,885
Social security and other taxes 9,121 11,316
VAT 32,220 -
Other creditors 3,084 1,392
Directors' current accounts 1,769 3,099
Accrued expenses 1,470 1,470
302,484 396,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts and finance leases 97,793 126,496

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1.00 100 100