Company registration number 14990810 (England and Wales)
SC&AS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
SC&AS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
SC&AS LTD (REGISTERED NUMBER: 14990810)
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
Notes
£
£
Current assets
Debtors
3
6,549
Cash at bank and in hand
42,835
49,384
Creditors: amounts falling due within one year
4
(28,217)
Net current assets
21,167
Capital and reserves
Called up share capital
100
Profit and loss reserves
21,067
Total equity
21,167
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 23 October 2024
Mr B L Snape
Director
SC&AS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 10 July 2023
-
Period ended 31 July 2024:
Profit and total comprehensive income
-
76,667
76,667
Issue of share capital
100
-
100
Dividends
-
(55,600)
(55,600)
Balance at 31 July 2024
100
21,067
21,167
SC&AS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
SC&AS Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Reporting period
The company was incorporated on 10 July 2023 and commenced trading on 14 August 2023. The director has chosen to present financial statements which cover the period from incorporation to 31 July 2024 when the company ceased trading.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
The company is not going to continue trading in the next twelve months. However, in the opinion of the director, there would be no material difference to the financial statements if they were prepared on any other basis. The director therefore continues to use the going concern basis in these financial statements.true
1.4
Turnover
Revenue represents amounts receivable, net of VAT, for the provision of engineering and construction management services. Revenue is recognised in the period in which the service has been provided.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
SC&AS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
3
Debtors
2024
Amounts falling due within one year:
£
Other debtors
6,549
4
Creditors: amounts falling due within one year
2024
£
Taxation and social security
28,217
5
Related party transactions
Included within other debtors is a loan to the company's director of £6,550. This loan is interest free and repayable on demand.