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REGISTERED NUMBER: 11196742 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SCCM WIZARDS LTD

SCCM WIZARDS LTD (REGISTERED NUMBER: 11196742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCCM WIZARDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: L A Speers





REGISTERED OFFICE: Gethin House
36 Bond Street
Nuneaton
CV11 4DA





REGISTERED NUMBER: 11196742 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

SCCM WIZARDS LTD (REGISTERED NUMBER: 11196742)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,120 6,679

CURRENT ASSETS
Debtors 5 63,683 69,969
Cash at bank 23,757 16,961
87,440 86,930
CREDITORS
Amounts falling due within one year 6 16,890 33,896
NET CURRENT ASSETS 70,550 53,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,670

59,713

CREDITORS
Amounts falling due after more than one
year

7

(60,856

)

(17,537

)

PROVISIONS FOR LIABILITIES (1,163 ) (1,269 )
NET ASSETS 14,651 40,907

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 14,551 40,807
SHAREHOLDERS' FUNDS 14,651 40,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SCCM WIZARDS LTD (REGISTERED NUMBER: 11196742)

BALANCE SHEET - continued
29 FEBRUARY 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 director and authorised for issue on 21 November 2024 and were signed by:





L A Speers - Director


SCCM WIZARDS LTD (REGISTERED NUMBER: 11196742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

SCCM Wizards 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SCCM WIZARDS LTD (REGISTERED NUMBER: 11196742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 575 12,468 13,043
Additions - 1,480 1,480
At 29 February 2024 575 13,948 14,523
DEPRECIATION
At 1 March 2023 317 6,047 6,364
Charge for year 64 1,975 2,039
At 29 February 2024 381 8,022 8,403
NET BOOK VALUE
At 29 February 2024 194 5,926 6,120
At 28 February 2023 258 6,421 6,679

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,200 18,417
Other debtors 5,874 5,874
Directors' current accounts 55,874 45,659
VAT 703 -
Prepayments 32 19
63,683 69,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,307 2,545
Corporation tax 7,318 22,245
Social security and other taxes 230 578
VAT - 7,543
Accrued expenses 1,035 985
16,890 33,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,408 2,612
Bank loans - 2-5 years 36,908 8,249
Bank loans more 5 yr by instal 14,540 6,676
60,856 17,537

SCCM WIZARDS LTD (REGISTERED NUMBER: 11196742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,540 6,676

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 40,807
Profit for the year 30,744
Dividends (57,000 )
At 29 February 2024 14,551

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
L A Speers
Balance outstanding at start of year 45,659 34,937
Amounts advanced 68,335 100,386
Amounts repaid (71,339 ) (89,664 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,655 45,659

The above loan is charged at a commercial rate of interest and repaid in full following the balance sheet date.