REGISTERED NUMBER: |
SCREENS AT WORK GROUP LIMITED |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024 |
REGISTERED NUMBER: |
SCREENS AT WORK GROUP LIMITED |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024 |
SCREENS AT WORK GROUP LIMITED (REGISTERED NUMBER: 05001805) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 5 |
SCREENS AT WORK GROUP LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
and Statutory Auditors |
22-24 Harborough Road |
Kingsthorpe |
Northampton |
NN2 7AZ |
SCREENS AT WORK GROUP LIMITED (REGISTERED NUMBER: 05001805) |
BALANCE SHEET |
31 MAY 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium | 8 |
Capital redemption reserve | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SCREENS AT WORK GROUP LIMITED (REGISTERED NUMBER: 05001805) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024 |
1. | STATUTORY INFORMATION |
Screens At Work Group Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Taxation |
Taxation for the period 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. |
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 period 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. |
Debtors and creditors |
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 profit and loss account in other administrative expenses. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
SCREENS AT WORK GROUP LIMITED (REGISTERED NUMBER: 05001805) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024 |
4. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
At 1 January 2023 | 153,018 |
Disposals | ( |
) |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Amounts owed to participating interests | - | 206,122 |
7. | CALLED UP SHARE CAPITAL |
2022 | 2021 |
£ | £ |
Allotted, called up and fully paid |
497,258 (2021 - 497,258) Ordinary "A" shares of £0.01 each | 4,972 | 4,972 |
8. | RESERVES |
Capital |
Retained | Share | redemption |
earnings | premium | reserve | Totals |
£ | £ | £ | £ |
At 1 January 2023 | 835,903 |
Deficit for the period | ( |
) | ( |
) |
Dividends | ( |
) | ( |
) |
Capital reduction | 305,206 | (304,650 | ) | (556 | ) | - |
At 31 May 2024 | - |
On 28 May 2024, the company passed a special resolution to cancel the Share premium account and Capital Reserve account of the company and credit the total amount of £305,206 to distributable reserves |
SCREENS AT WORK GROUP LIMITED (REGISTERED NUMBER: 05001805) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | RELATED PARTY DISCLOSURES |
Included in creditors is an amount of £nil (2022: £206,122) due to the former associate company Frem Group Screens limited. |
Included in debtors is an amount of £4,972 (2022: £893,979) due from the parent company Frem Group Limited. |
11. | ULTIMATE CONTROLLING PARTY |
The company is under the control of Frem Group Limited by virtue of their 100% shareholding. |
The ultimate controlling party is Mr B D Daisy and his wife Mrs C L Daisy who control 100% of the shares of Frem Group Limited. |