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Registered number: 12204695
SCH GROUP LIMITED
Unaudited Financial Statements
For The Year Ended 24 March 2024
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12204695
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,755 17,890
Investments 5 70 70
14,825 17,960
CURRENT ASSETS
Debtors 6 982,304 896,958
Cash at bank and in hand 95 754
982,399 897,712
Creditors: Amounts Falling Due Within One Year 7 (219,046 ) (782,664 )
NET CURRENT ASSETS (LIABILITIES) 763,353 115,048
TOTAL ASSETS LESS CURRENT LIABILITIES 778,178 133,008
Creditors: Amounts Falling Due After More Than One Year 8 (39,153 ) (51,083 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,112 ) (1,112 )
NET ASSETS 737,913 80,813
CAPITAL AND RESERVES
Called up share capital 9 10 10
Other reserves 43,574 43,574
Profit and Loss Account 694,329 37,229
SHAREHOLDERS' FUNDS 737,913 80,813
Page 1
Page 2
For the year ending 24 March 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 Sumit Chadha
Director
21/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SCH GROUP LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12204695 . The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, GL2 4NF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Leasehold 10 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 5 years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 27 March 2023 13,063 8,984 588 22,635
As at 24 March 2024 13,063 8,984 588 22,635
Depreciation
As at 27 March 2023 2,153 2,367 225 4,745
Provided during the period 1,274 1,743 118 3,135
As at 24 March 2024 3,427 4,110 343 7,880
Net Book Value
As at 24 March 2024 9,636 4,874 245 14,755
As at 27 March 2023 10,910 6,617 363 17,890
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5. Investments
Subsidiaries
£
Cost
As at 27 March 2023 70
As at 24 March 2024 70
Provision
As at 27 March 2023 -
As at 24 March 2024 -
Net Book Value
As at 24 March 2024 70
As at 27 March 2023 70
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 169,846 66,461
Other debtors 283,031 403,423
Director's loan account 144,793 162,635
Amounts owed by group undertakings 375,884 255,689
973,554 888,208
Due after more than one year
Other debtors 8,750 8,750
8,750 8,750
982,304 896,958
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,826 21,338
Bank loans and overdrafts - (5,839 )
Corporation tax 833 -
VAT 212 6,309
Other creditors 261 -
Amounts owed to group undertakings 188,914 760,856
219,046 782,664
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,153 51,083
39,153 51,083
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 27 March 2023 Amounts advanced Amounts repaid Amounts written off As at 24 March 2024
£ £ £ £ £
Mr Sumit Chadha 162,635 - 17,841 - 144,793
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Historic licence fees chargeable to SSH Systems were invoiced in the 2024/25 reporting period.  These accounts include a provision of £678,935 for chargeable fees for the period 2021 to 2024.
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