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REGISTERED NUMBER: SC267828 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 May 2024

for

SFS INVESTMENTS LIMITED

SFS INVESTMENTS LIMITED (REGISTERED NUMBER: SC267828)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SFS INVESTMENTS LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M Southern





REGISTERED OFFICE: 10 Main Street
Bothwell
G71 8RF





REGISTERED NUMBER: SC267828 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

SFS INVESTMENTS LIMITED (REGISTERED NUMBER: SC267828)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 205,111 263,197

CURRENT ASSETS
Debtors 5 47,873 36,125
Cash at bank and in hand 136,075 107,699
183,948 143,824
CREDITORS
Amounts falling due within one year 6 (269,054 ) (171,504 )
NET CURRENT LIABILITIES (85,106 ) (27,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,005

235,517

CREDITORS
Amounts falling due after more than one
year

7

(43,592

)

(137,249

)

PROVISIONS FOR LIABILITIES (51,278 ) (65,799 )
NET ASSETS 25,135 32,469

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,035 32,369
SHAREHOLDERS' FUNDS 25,135 32,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SFS INVESTMENTS LIMITED (REGISTERED NUMBER: SC267828)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





M Southern - Director


SFS INVESTMENTS LIMITED (REGISTERED NUMBER: SC267828)

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

1. STATUTORY INFORMATION

SFS Investments Limited is a private company, limited by shares , registered in Scotland. 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.
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

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.

SFS INVESTMENTS LIMITED (REGISTERED NUMBER: SC267828)

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

2. ACCOUNTING POLICIES - continued

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.

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 295,892 103,832 399,724
Additions - 5,524 5,524
At 31 May 2024 295,892 109,356 405,248
DEPRECIATION
At 1 June 2023 62,852 73,675 136,527
Charge for year 58,259 5,351 63,610
At 31 May 2024 121,111 79,026 200,137
NET BOOK VALUE
At 31 May 2024 174,781 30,330 205,111
At 31 May 2023 233,040 30,157 263,197

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,455 22,318
Other debtors 13,418 13,418
Tax - 389
Prepayments 5,000 -
47,873 36,125

SFS INVESTMENTS LIMITED (REGISTERED NUMBER: SC267828)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 93,657 22,804
Tax 79,964 56,778
Social security and other taxes 1,453 -
Directors' current accounts 315 580
Accrued expenses 93,665 91,342
269,054 171,504

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 43,592 137,249

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 137,249 160,053

Hire purchase creditors are secured over the assets concerned.