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REGISTERED NUMBER: 05336615 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

S.C.H. Site Services Ltd

S.C.H. Site Services Ltd (Registered number: 05336615)






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


S.C.H. Site Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Finley
V Finley
J Raistrick
G J Finley
A Braid



SECRETARY: G J Finley



REGISTERED OFFICE: Building 12/G 655
Beaumont Way
Aycliffe Business Park
NEWTON AYCLIFFE
County Durham
DL5 6SN



REGISTERED NUMBER: 05336615 (England and Wales)



SENIOR STATUTORY AUDITOR: Kevin Shotton BA BFP FCA



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

S.C.H. Site Services Ltd (Registered number: 05336615)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,239,448 785,823

CURRENT ASSETS
Stocks 5 65,244 78,977
Debtors 6 3,206,875 2,496,863
Cash at bank and in hand 708,346 1,395,087
3,980,465 3,970,927
CREDITORS
Amounts falling due within one year 7 2,137,912 2,224,968
NET CURRENT ASSETS 1,842,553 1,745,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,082,001

2,531,782

PROVISIONS FOR LIABILITIES 10 299,087 185,323
NET ASSETS 2,782,914 2,346,459

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 2,781,914 2,345,459
SHAREHOLDERS' FUNDS 2,782,914 2,346,459

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





G J Finley - Director


S.C.H. Site Services Ltd (Registered number: 05336615)

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

1. STATUTORY INFORMATION

S.C.H. Site Services 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 the provisions of Section 1A "The Financial Reporting Standard applicable in the Uk and Republic of Ireland" including the provision of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the standard.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised in relation to stage of completion of work done.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost and 10% on reducing balance
Plant and machinery - 10% on cost and 10% on reducing balance
Fixtures and fittings - 10% on cost and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


S.C.H. Site Services Ltd (Registered number: 05336615)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 39,433 1,154,287 8,910 229,217 1,431,847
Additions - 484,271 289 113,009 597,569
At 31 March 2024 39,433 1,638,558 9,199 342,226 2,029,416
DEPRECIATION
At 1 April 2023 12,547 497,770 3,455 132,252 646,024
Charge for year 3,943 109,942 910 29,149 143,944
At 31 March 2024 16,490 607,712 4,365 161,401 789,968
NET BOOK VALUE
At 31 March 2024 22,943 1,030,846 4,834 180,825 1,239,448
At 31 March 2023 26,886 656,517 5,455 96,965 785,823

S.C.H. Site Services Ltd (Registered number: 05336615)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 558,322 37,970 596,292
DEPRECIATION
At 1 April 2023 225,587 20,617 246,204
Charge for year 33,274 4,338 37,612
At 31 March 2024 258,861 24,955 283,816
NET BOOK VALUE
At 31 March 2024 299,461 13,015 312,476
At 31 March 2023 332,735 17,353 350,088

5. STOCKS
2024 2023
£    £   
Stocks 65,244 78,977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,193,537 1,777,034
Amounts owed by group undertakings 445,837 480,944
Other debtors 379,879 136,903
Directors' current accounts - 2,093
Prepayments and accrued income 187,622 99,889
3,206,875 2,496,863

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 3,701 28,093
Trade creditors 894,363 933,171
Amounts owed to group undertakings 527,082 247,173
Corporation tax 30,619 -
Taxation and social security 58,011 50,081
Accruals and deferred income 624,136 966,450
2,137,912 2,224,968

S.C.H. Site Services Ltd (Registered number: 05336615)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,701 28,093

Non-cancellable operating leases
2024 2023
£    £   
Within one year 1,148 3,632
Between one and five years 1,722 -
2,870 3,632

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 3,701 28,093

Hire purchase contracts are secured on the assets which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 299,087 185,323

Deferred
tax
£   
Balance at 1 April 2023 185,323
Accelerated capital allowances 113,764
Balance at 31 March 2024 299,087

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

S.C.H. Site Services Ltd (Registered number: 05336615)

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

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

13. CONTINGENT LIABILITIES

A cross guarantee exists between Creditscale Limited, Finley Structures Ltd, Finley Leisure Ltd and S.C.H. Site Services Ltd dated 11th May 2011 in favour of HSBC Bank plc. All these companies are related by being under common control. At the year end the balance owed to HSBC Bank plc by Creditscale Limited amounted to £282,188 (2023: £349,074).

14. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Creditscale Limited. The registered office is Whinbank Road, Aycliffe Business Park, Newton Aycliffe, DL5 6AY.