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REGISTERED NUMBER: 06769747 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SCH Enterprises Limited

SCH Enterprises Limited (Registered number: 06769747)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCH Enterprises Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr S Hambury
Mrs C J Hambury





REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT





REGISTERED NUMBER: 06769747 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

SCH Enterprises Limited (Registered number: 06769747)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,500 36,900
Tangible assets 5 174,479 176,954
208,979 213,854

CURRENT ASSETS
Stocks 156,152 176,460
Debtors 6 20,707 15,545
Cash at bank and in hand 361,746 461,252
538,605 653,257
CREDITORS
Amounts falling due within one year 7 71,227 78,807
NET CURRENT ASSETS 467,378 574,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

676,357

788,304

PROVISIONS FOR LIABILITIES 2,928 2,682
NET ASSETS 673,429 785,622

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 673,427 785,620
SHAREHOLDERS' FUNDS 673,429 785,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

SCH Enterprises Limited (Registered number: 06769747)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





Mr S Hambury - Director


SCH Enterprises Limited (Registered number: 06769747)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

SCH Enterprises 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

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 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 & leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SCH Enterprises Limited (Registered number: 06769747)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs & 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of three years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 60,000 63,161 123,161
AMORTISATION
At 1 February 2023 24,000 62,261 86,261
Charge for year 2,400 - 2,400
At 31 January 2024 26,400 62,261 88,661
NET BOOK VALUE
At 31 January 2024 33,600 900 34,500
At 31 January 2023 36,000 900 36,900

5. TANGIBLE FIXED ASSETS
Freehold Equipment Fixtures Computer
property & machinery & fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 162,452 - 56,103 40,370 258,925
Additions - 1,583 - 2,758 4,341
At 31 January 2024 162,452 1,583 56,103 43,128 263,266
DEPRECIATION
At 1 February 2023 - - 46,336 35,635 81,971
Charge for year - 396 2,441 3,979 6,816
At 31 January 2024 - 396 48,777 39,614 88,787
NET BOOK VALUE
At 31 January 2024 162,452 1,187 7,326 3,514 174,479
At 31 January 2023 162,452 - 9,767 4,735 176,954

SCH Enterprises Limited (Registered number: 06769747)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 11,886 13,835
Other debtors 8,821 1,710
20,707 15,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 31,975 34,488
Taxation & social security 37,492 40,550
Other creditors 1,760 3,769
71,227 78,807

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary Share Capital 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 February 2023 785,620
Deficit for the year (36,733 )
Dividends (75,460 )
At 31 January 2024 673,427