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REGISTERED NUMBER: 10180099 (England and Wales)















Scobie Equipment Limited

Financial Statements for the Year Ended 30 June 2024






Scobie Equipment Limited (Registered number: 10180099)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Scobie Equipment Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr A B Alderson
Mr G Gossal
Mr M R J Stevens





REGISTERED OFFICE: Unit C1
The Fleming Centre
Fleming Way
Crawley
West Sussex
RH10 9NN





REGISTERED NUMBER: 10180099 (England and Wales)





AUDITORS: Swindells LLP
Chartered Accountants
and Statutory Auditor
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Scobie Equipment Limited (Registered number: 10180099)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,167 -

CURRENT ASSETS
Stocks 217,368 215,390
Debtors 5 822,300 519,108
Cash at bank 30,358 100,803
1,070,026 835,301
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

1,240,202

808,958
NET CURRENT (LIABILITIES)/ASSETS (170,176 ) 26,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

(141,009

)

26,343

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

10,000

19,666
NET (LIABILITIES)/ASSETS (151,009 ) 6,677

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (151,109 ) 6,577
SHAREHOLDERS' FUNDS (151,009 ) 6,677

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 Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mr G Gossal - Director


Scobie Equipment Limited (Registered number: 10180099)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Scobie Equipment Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit or loss.


Scobie Equipment Limited (Registered number: 10180099)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
These financial statements have been prepared on a going concern basis notwithstanding the deficiency of net assets shown on the Balance Sheet. The director has assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

At the time of approving the financial statements the director believes that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months due to support from the immediate parent company.

Scobie Equipment Limited (Registered number: 10180099)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 35,000
At 30 June 2024 35,000
DEPRECIATION
Charge for year 5,833
At 30 June 2024 5,833
NET BOOK VALUE
At 30 June 2024 29,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 799,552 498,976
Other debtors 22,748 20,132
822,300 519,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 155,131 293,056
Amounts owed to group undertakings 681,126 102,417
Taxation and social security 87,102 81,798
Other creditors 306,843 321,687
1,240,202 808,958

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,000 19,666

Scobie Equipment Limited (Registered number: 10180099)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,000 15,000
Between one and five years 20,000 35,000
35,000 50,000

9. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We did not observe the physical counting of opening stock as at 30 June 2023, as this was prior to our appointment as auditor of the group. The value of stock of £215,390 is material to the financial statements and we are unable to satisfy ourselves by alternative means concerning the stock quantities and therefore the value of stock held at 30 June 2023.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Joanna Green BSc FCA (Senior Statutory Auditor)
for and on behalf of Swindells LLP

Scobie Equipment Limited (Registered number: 10180099)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the
entity

20242023
££
Purchases7,2009,600
Transfers83,986 237,002
Amount due to related party196,516280,502
Other related parties
20242023
££
Purchases12,82410,998
Amount due to related party - -


12. ULTIMATE CONTROLLING PARTY

ULTIMATE PARENT COMPANY
The immediate and ultimate parent company is Scobie McIntosh Group Limited, a company registered in England and Wales under the registration number 12537495.

Consolidated accounts are prepare by Scobie McIntosh Group Limited and are available from Unit C1, Fleming Way, Crawley, England, RH10 9NN for public use.

ULTIMATE CONTROLLING PARTY
The ultimate controlling party is director Andrew Alderson.