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
S C H SERVICES LIMITED
Company Information
for the year ended 31 July 2024
Directors
Mr L Hitchens
Mrs P Hitchens
Company Number
04043334 (England and Wales)
Registered Office
NEWBURGH BUILDING
MCLINTOCK WAY
BARNSLEY
S70 6BF
S C H SERVICES LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
33,153
26,880
Cash at bank and in hand
316,034
254,055
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
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
S C H SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
S C H SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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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
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
At 31 July 2024
30,594
2,559
33,153
At 31 July 2023
24,338
2,542
26,880
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
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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)
S C H SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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
Interest free loan granted to the Directors. Repayable on demand
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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.
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Average number of employees
During the year the average number of employees was 17 (2023: 13).