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REGISTERED NUMBER: 01791852 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

S C D (HINCKLEY) LIMITED

S C D (HINCKLEY) LIMITED (REGISTERED NUMBER: 01791852)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S C D (HINCKLEY) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: K Bennett
C B Bennett
A Bennett
A Creed
S E Bennett





SECRETARY: E Bennett





REGISTERED OFFICE: Industrial Unit 5A
Hawley Road
Hinckley
Leicestershire
LE10 0PR





REGISTERED NUMBER: 01791852 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

S C D (HINCKLEY) LIMITED (REGISTERED NUMBER: 01791852)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,291 58,729
Investments 5 769,082 722,904
814,373 781,633

CURRENT ASSETS
Debtors 6 356,785 429,211
Cash at bank 2,180,918 1,785,988
2,537,703 2,215,199
CREDITORS
Amounts falling due within one year 7 (1,268,816 ) (1,413,343 )
NET CURRENT ASSETS 1,268,887 801,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,083,260

1,583,489

PROVISIONS FOR LIABILITIES (10,888 ) (14,151 )
NET ASSETS 2,072,372 1,569,338

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 2,072,272 1,569,238
2,072,372 1,569,338

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

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

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 25 September 2024 and were signed on its behalf by:



C B Bennett - Director


S C D (HINCKLEY) LIMITED (REGISTERED NUMBER: 01791852)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

S C D (Hinckley) Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Industrial Unit 5A, Hawley Road, Hinckley, Leicestershire, LE10 0PR and the registered number is 01791852.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised as goods are despatched.

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 etc - 10% straight line

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.


S C D (HINCKLEY) LIMITED (REGISTERED NUMBER: 01791852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Investments
Listed fixed asset investments are initially measured at transaction price including transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the profit or loss account.

Unlisted fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 276,932
DEPRECIATION
At 1 January 2023 218,203
Charge for year 13,438
At 31 December 2023 231,641
NET BOOK VALUE
At 31 December 2023 45,291
At 31 December 2022 58,729

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 722,904
Additions 106,623
Disposals (109,098 )
Revaluations 48,653
At 31 December 2023 769,082
NET BOOK VALUE
At 31 December 2023 769,082
At 31 December 2022 722,904

S C D (HINCKLEY) LIMITED (REGISTERED NUMBER: 01791852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2021 163,327
Valuation in 2022 (115,716 )
Valuation in 2023 48,653
Cost 672,818
769,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 261,725 334,151
Amounts owed by associates 93,737 93,737
Other debtors 1,323 1,323
356,785 429,211

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,612 -
Amounts owed to associates 1,107,185 1,257,755
Tax 148,690 90,625
VAT 8,494 22,268
Directors' current accounts - 40,000
Accrued expenses 2,835 2,695
1,268,816 1,413,343