1 June 2023 false No description of principal activity Taxfiler 2024.5 13390167business:PrivateLimitedCompanyLtd2023-06-012024-05-31 133901672023-05-31 133901672023-06-012024-05-31 13390167business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 13390167business:FilletedAccounts2023-06-012024-05-31 133901672024-05-31 133901672023-05-31 13390167core:WithinOneYear2024-05-31 13390167core:WithinOneYear2023-05-31 13390167core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13390167core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 13390167core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13390167core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 13390167core:PreviouslyStatedAmount2024-05-31 13390167core:PreviouslyStatedAmount2023-05-31 13390167business:SmallEntities2023-06-012024-05-31 13390167business:Director12023-06-012024-05-31 13390167countries:EnglandWales2023-06-012024-05-31 13390167business:RegisteredOffice2023-06-012024-05-31 13390167core:ComputerEquipment2023-06-012024-05-31 13390167core:ComputerEquipment2023-05-31 13390167core:ComputerEquipment2024-05-31 133901672022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13390167 (England and Wales)
SCM Functional Safety Ltd Unaudited accounts for the year ended 31 May 2024
SCM Functional Safety Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,539 
2,463 
Current assets
Debtors
17,695 
16,739 
Cash at bank and in hand
34,297 
47,925 
51,992 
64,664 
Creditors: amounts falling due within one year
(49,060)
(46,089)
Net current assets
2,932 
18,575 
Net assets
4,471 
21,038 
Capital and reserves
Called up share capital
10 
1 
Profit and loss account
4,461 
21,037 
Shareholders' funds
4,471 
21,038 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
S McWhinnie Director Company Registration No. 13390167
- 2 -
SCM Functional Safety Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SCM Functional Safety Ltd is a private company, limited by shares, registered in England and Wales, registration number 13390167. The registered office is 34 Clarence Street, Southend-On-Sea, SS1 1BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
4,927 
Additions
410 
At 31 May 2024
5,337 
Depreciation
At 1 June 2023
2,464 
Charge for the year
1,334 
At 31 May 2024
3,798 
Net book value
At 31 May 2024
1,539 
At 31 May 2023
2,463 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,476 
16,739 
Other debtors
219 
- 
17,695 
16,739 
- 3 -
SCM Functional Safety Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,888 
12,947 
Taxes and social security
41,546 
31,509 
Other creditors
1,189 
940 
Loans from directors
437 
693 
49,060 
46,089 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 4 -