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REGISTERED NUMBER: 07451044 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SSCF Limited

SSCF Limited (Registered number: 07451044)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SSCF Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C J Fourie
Ms S M Slater





SECRETARY: Ms S M Slater





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 07451044 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

SSCF Limited (Registered number: 07451044)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 97,300 111,200
Tangible assets 5 6,892 11,452
104,192 122,652

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 66,878 49,145
Cash at bank 18,220 13,287
88,098 65,432
CREDITORS
Amounts falling due within one year 7 101,028 67,415
NET CURRENT LIABILITIES (12,930 ) (1,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,262

120,669

CREDITORS
Amounts falling due after more than one
year

8

(60,817

)

(93,173

)

PROVISIONS FOR LIABILITIES (1,228 ) (2,075 )
NET ASSETS 29,217 25,421

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 29,117 25,321
SHAREHOLDERS' FUNDS 29,217 25,421

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 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.

SSCF Limited (Registered number: 07451044)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Mr C J Fourie - Director


SSCF Limited (Registered number: 07451044)

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

1. STATUTORY INFORMATION

SSCF Limited 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.

Goodwill
Goodwill of £278,000 was purchased from the company director's on commencement of trade and amortised at 5% per annum using the straight line method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SSCF Limited (Registered number: 07451044)

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

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 278,000
AMORTISATION
At 1 April 2023 166,800
Charge for year 13,900
At 31 March 2024 180,700
NET BOOK VALUE
At 31 March 2024 97,300
At 31 March 2023 111,200

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 32,065
DEPRECIATION
At 1 April 2023 20,613
Charge for year 4,560
At 31 March 2024 25,173
NET BOOK VALUE
At 31 March 2024 6,892
At 31 March 2023 11,452

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 66,878 49,145

SSCF Limited (Registered number: 07451044)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 32,064 32,064
Trade creditors 26,549 2,954
Taxation and social security 38,903 32,397
Other creditors 3,512 -
101,028 67,415

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 60,817 93,173

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Ms S M Slater
Balance outstanding at start of year 23,562 22,593
Amounts advanced 50,425 23,562
Amounts repaid (49,812 ) (22,593 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,175 23,562

Mr C J Fourie
Balance outstanding at start of year 23,563 22,593
Amounts advanced 50,425 23,563
Amounts repaid (49,813 ) (22,593 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,175 23,563

Interest has been charged on the above loans at 2.5%.