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Company Registration No. 04043334 (England and Wales)
S C H SERVICES LIMITED Unaudited accounts for the year ended 31 July 2024
S C H SERVICES LIMITED Unaudited accounts Contents
Page
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S C H SERVICES LIMITED Company Information for the year ended 31 July 2024
Directors
Mr L Hitchens Mrs P Hitchens
Secretary
Mr L Hitchens
Company Number
04043334 (England and Wales)
Registered Office
NEWBURGH BUILDING MCLINTOCK WAY BARNSLEY S70 6BF
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S C H SERVICES LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,153 
26,880 
Current assets
Inventories
20,586 
20,659 
Debtors
163,175 
179,601 
Cash at bank and in hand
316,034 
254,055 
499,795 
454,315 
Creditors: amounts falling due within one year
(107,953)
(85,253)
Net current assets
391,842 
369,062 
Total assets less current liabilities
424,995 
395,942 
Provisions for liabilities
Deferred tax
(8,288)
(6,720)
Net assets
416,707 
389,222 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
415,707 
388,222 
Shareholders' funds
416,707 
389,222 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
Mr L Hitchens Director Company Registration No. 04043334
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S C H SERVICES LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
S C H SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04043334. The registered office is NEWBURGH BUILDING, MCLINTOCK WAY, BARNSLEY, S70 6BF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on cost
Plant & machinery
15-33% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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S C H SERVICES LIMITED Notes to the Accounts for the year ended 31 July 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
91,698 
21,632 
113,330 
Additions
11,454 
430 
11,884 
At 31 July 2024
103,152 
22,062 
125,214 
Depreciation
At 1 August 2023
67,360 
19,090 
86,450 
Charge for the year
5,198 
413 
5,611 
At 31 July 2024
72,558 
19,503 
92,061 
Net book value
At 31 July 2024
30,594 
2,559 
33,153 
At 31 July 2023
24,338 
2,542 
26,880 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
150,989 
160,428 
Accrued income and prepayments
1,373 
4,167 
Other debtors
10,813 
15,006 
163,175 
179,601 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
15,694 
18,726 
Taxes and social security
61,481 
66,331 
Other creditors
11,035 
9,516 
Loans from directors
(11,261)
(19,940)
Accruals
17,420 
10,620 
Deferred income
13,584 
- 
107,953 
85,253 
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S C H SERVICES LIMITED Notes to the Accounts for the year ended 31 July 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Interest Free Loan - repayable on demand
12,790 
- 
5,298 
7,492 
Interest Free Loan - repayable on demand
7,150 
- 
3,381 
3,769 
19,940 
- 
8,679 
11,261 
Interest free loan granted to the Directors. Repayable on demand
8
Transactions with related parties
The company provides an interest free loan to SCH India PVT Ltd, a company in which Dr L Hitchens has significant control. The total outstanding loan as at 31.07.2024 was £10,013. The directors have deemed this fully recoverable therefore no bad debt or provision has been applied.
9
Average number of employees
During the year the average number of employees was 17 (2023: 13).
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