Registered number
02141369
SCS Exhibitions Limited
Filleted Accounts
31 March 2024
SCS Exhibitions Limited
Registered number: 02141369
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 109,568 113,802
Current assets
Debtors 4 167,084 204,359
Cash at bank and in hand 506,768 500,474
673,852 704,833
Creditors: amounts falling due within one year 5 (321,703) (324,838)
Net current assets 352,149 379,995
Total assets less current liabilities 461,717 493,797
Creditors: amounts falling due after more than one year 6 (20,555) (29,939)
Provisions for liabilities (246) (329)
Net assets 440,916 463,529
Capital and reserves
Called up share capital 500 500
Profit and loss account 440,416 463,029
Shareholders' funds 440,916 463,529
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Saunders
Director
Approved by the board on 25 February 2025
SCS Exhibitions Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes and is earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the date of provision of those services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings evenly over 50 years
Furniture and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 194,454 28,285 222,739
At 31 March 2024 194,454 28,285 222,739
Depreciation
At 1 April 2023 82,030 26,907 108,937
Charge for the year 3,889 345 4,234
At 31 March 2024 85,919 27,252 113,171
Net book value
At 31 March 2024 108,535 1,033 109,568
At 31 March 2023 112,424 1,378 113,802
4 Debtors 2024 2023
£ £
Trade debtors 137,546 158,426
Other debtors 29,538 45,933
167,084 204,359
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,891 17,820
Taxation and social security costs 5,966 3,879
Other creditors 311,846 303,139
321,703 324,838
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 20,555 29,939
7 Other information
SCS Exhibitions Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB
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