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REGISTERED NUMBER: 14283153 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Supply Chain Optimisation Ltd

Supply Chain Optimisation Ltd (Registered number: 14283153)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Supply Chain Optimisation Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N J E Bower





REGISTERED OFFICE: Unit 002
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU





REGISTERED NUMBER: 14283153 (England and Wales)





ACCOUNTANTS: Abrahamson Foster Limited
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU

Supply Chain Optimisation Ltd (Registered number: 14283153)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,417 443

CURRENT ASSETS
Debtors 5 60,279 7,548
Cash at bank 186,329 4,595
246,608 12,143
CREDITORS
Amounts falling due within one year 6 247,557 11,778
NET CURRENT (LIABILITIES)/ASSETS (949 ) 365
TOTAL ASSETS LESS CURRENT
LIABILITIES

468

808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 368 708
468 808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2024 and were signed by:





N J E Bower - Director


Supply Chain Optimisation Ltd (Registered number: 14283153)

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

1. STATUTORY INFORMATION

Supply Chain Optimisation Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

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 3 (2023 - 1 ) .

Supply Chain Optimisation Ltd (Registered number: 14283153)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 483
Additions 1,321
At 31 March 2024 1,804
DEPRECIATION
At 1 April 2023 40
Charge for year 347
At 31 March 2024 387
NET BOOK VALUE
At 31 March 2024 1,417
At 31 March 2023 443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 60,279 7,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,009 -
Trade creditors 10,580 -
Taxation and social security 66,230 608
Other creditors 168,738 11,170
247,557 11,778

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
N J E Bower
Balance outstanding at start of year (10,370 ) -
Amounts advanced 1,644 -
Amounts repaid (74,112 ) (10,370 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (82,838 ) (10,370 )

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who hold 100% of the issued share capital.