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Registered number: 09049544
SCS Sales and Marketing Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
S T Hannam FCCA
Association of Chartered Certified Accountants
42 King Georges Road
Bishopsworth
Bristol
BS13 8LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09049544
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,626 3,261
2,626 3,261
CURRENT ASSETS
Debtors 5 - 1,219
Cash at bank and in hand 4,659 5,009
4,659 6,228
Creditors: Amounts Falling Due Within One Year 6 (5,457 ) (8,948 )
NET CURRENT ASSETS (LIABILITIES) (798 ) (2,720 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,828 541
NET ASSETS 1,828 541
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,827 540
SHAREHOLDERS' FUNDS 1,828 541
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Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Spencer Stevens
Director
28/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SCS Sales and Marketing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09049544 . The registered office is 3 Oaklands Clays Road, Sling, Coleford, Gloucestershire, GL16 8LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
2.4. Taxation
Corpoeation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 6,190 2,200 8,390
Additions 180 - 180
As at 31 May 2024 6,370 2,200 8,570
Depreciation
As at 1 June 2023 3,452 1,677 5,129
Provided during the period 684 131 815
As at 31 May 2024 4,136 1,808 5,944
Net Book Value
As at 31 May 2024 2,234 392 2,626
As at 1 June 2023 2,738 523 3,261
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,219
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 273 4,967
Corporation tax 1,858 1,407
Other creditors 1,000 -
Accruals and deferred income 1,390 1,650
Director's loan account 936 924
5,457 8,948
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr. S Stevens by virtue of his ownership of 100% of the issued share capital in the company.
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