1 August 2023 v2024.55.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP096929822023-08-012024-07-31096929822024-07-31096929822023-07-3109692982core:WithinOneYear2024-07-3109692982core:WithinOneYear2023-07-3109692982core:ShareCapital2024-07-3109692982core:ShareCapital2023-07-3109692982core:RetainedEarningsAccumulatedLosses2024-07-3109692982core:RetainedEarningsAccumulatedLosses2023-07-3109692982bus:Director12023-08-012024-07-3109692982bus:RegisteredOffice2023-08-012024-07-3109692982core:PlantMachinery2023-08-012024-07-3109692982core:MotorVehicles2023-08-012024-07-31096929822022-08-012023-07-31096929822023-08-010969298212023-08-012024-07-3109692982countries:EnglandWales2023-08-012024-07-3109692982bus:AuditExemptWithAccountantsReport2023-08-012024-07-3109692982bus:PrivateLimitedCompanyLtd2023-08-012024-07-3109692982bus:SmallEntities2023-08-012024-07-3109692982bus:AbridgedAccounts2023-08-012024-07-31
Company registration number:
09692982
S & C Drives & Paving Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 July 2024
S & C Drives & Paving Ltd
Report of the Accountant to the directors of S & C Drives & Paving Ltd
Year ended
31 July 2024
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 July 2024
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
LF Accountancy Services Limited
12 Stafford Street
Heath Hayes
Cannock
Staffordshire
WS12 2EH
United Kingdom
Date:
6 November 2024
S & C Drives & Paving Ltd
Abridged Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
12,625
 
15,090
 
Current assets    
Debtors
5,308
 
46,730
 
Cash at bank and in hand
19,554
 
1,992
 
24,862
 
48,722
 
Creditors: amounts falling due within one year
(8,242
)
(20,894
)
Net current assets
16,620
 
27,828
 
Total assets less current liabilities 29,245   42,918  
Capital and reserves    
Called up share capital
7
 
3
 
Profit and loss account
29,238
 
42,915
 
Shareholders funds
29,245
 
42,918
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
31 July 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
6 November 2024
, and are signed on behalf of the board by:
Mrs D Randell
Director
Company registration number:
09692982
S & C Drives & Paving Ltd
Notes to the Abridged Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
12 Stafford Street
,
Cannock
,
WS12 2EH
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% Reducing balance
Motor vehicles
20% Reducing balance

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2023:
3.00
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 August 2023
48,250
 
Additions
2,000
 
Disposals
(5,000
)
At
31 July 2024
45,250
 
Depreciation  
At
1 August 2023
33,160
 
Charge
3,155
 
Disposals
(3,690
)
At
31 July 2024
32,625
 
Carrying amount  
At
31 July 2024
12,625
 
At 31 July 2023
15,090