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REGISTERED NUMBER: 05001805 (England and Wales)





















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: Mrs C L Daisy
B D Daisy





SECRETARY: Mrs C L Daisy





REGISTERED OFFICE: Seebeck House One Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire





REGISTERED NUMBER: 05001805 (England and Wales)





AUDITORS: Phipps Henson McAllister
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 - 153,018

CURRENT ASSETS
Debtors 5 4,972 893,979

CREDITORS
Amounts falling due within one year 6 - 206,122
NET CURRENT ASSETS 4,972 687,857
TOTAL ASSETS LESS CURRENT LIABILITIES 4,972 840,875

CAPITAL AND RESERVES
Called up share capital 7 4,972 4,972
Share premium 8 - 304,650
Capital redemption reserve 8 - 556
Retained earnings 8 - 530,697
SHAREHOLDERS' FUNDS 4,972 840,875

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by:





Mrs C L Daisy - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 (153,018 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 December 2022 153,018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Amounts owed by group undertakings 4,972 893,979

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 530,697 304,650 556 835,903
Deficit for the period (153,019 ) (153,019 )
Dividends (682,884 ) (682,884 )
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.

Stuart Armstrong FCCA (Senior Statutory Auditor)
for and on behalf of Phipps Henson McAllister

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.