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Registration number: 07156033

SC4 (UK) Limited

Filleted Unaudited Financial Statements

for the Period from 1 August 2024 to 31 March 2025

 

SC4 (UK) Limited

(Registration number: 07156033)
Balance Sheet as at 31 March 2025

Note

31 March
2025
£

31 July
2024
£

Fixed assets

 

Intangible assets

4

277,390

277,390

Tangible assets

5

1,340,646

1,429,698

 

1,618,036

1,707,088

Current assets

 

Stocks

422,835

482,997

Debtors

6

281,279

381,554

Cash at bank and in hand

 

8,662

202

 

712,776

864,753

Creditors: Amounts falling due within one year

7

(1,316,667)

(1,684,711)

Net current liabilities

 

(603,891)

(819,958)

Total assets less current liabilities

 

1,014,145

887,130

Creditors: Amounts falling due after more than one year

7

(657,873)

(831,663)

Provisions for liabilities

(55,090)

16,516

Net assets

 

301,182

71,983

Capital and reserves

 

Called up share capital

9

830

830

Capital redemption reserve

170

170

Revaluation reserve

8,608

9,224

Retained earnings

291,574

61,759

Shareholders' funds

 

301,182

71,983

 

SC4 (UK) Limited

(Registration number: 07156033)
Balance Sheet as at 31 March 2025

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 


Mrs K A Eddy
Director

   
 

SC4 (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 07156033

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounts are prepared for the eight month period ended 31 March 2025 and as such are not comparable. The period end date was changed to meet that of a related company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SC4 (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% per annum on written down value

Leasehold improvements

0%

Furniture, fittings and equipment

10%, 15% or 20% per annum on written down value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

SC4 (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

The business utilises an invoice financing facility. Financial assets and liabilities arising from a sale
are recorded at the transaction price.

Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the fair value at inception of the lease. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

SC4 (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 26 (2024 - 24).

 

SC4 (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 August 2024

277,390

277,390

At 31 March 2025

277,390

277,390

Carrying amount

At 31 March 2025

277,390

277,390

At 31 July 2024

277,390

277,390

5

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2024

77,308

2,372,257

54,870

2,504,435

Additions

-

3,996

-

3,996

At 31 March 2025

77,308

2,376,253

54,870

2,508,431

Depreciation

At 1 August 2024

-

1,033,492

41,245

1,074,737

Charge for the period

-

90,535

2,513

93,048

At 31 March 2025

-

1,124,027

43,758

1,167,785

Carrying amount

At 31 March 2025

77,308

1,252,226

11,112

1,340,646

At 31 July 2024

77,308

1,338,765

13,625

1,429,698

 

SC4 (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

6

Debtors

Note

31 March
2025
£

31 July
2024
£

Trade debtors

 

203,781

247,989

Amounts owed by related parties

10

11,234

13,744

Prepayments

 

-

21,658

Other debtors

 

66,264

98,163

   

281,279

381,554

7

Creditors

Note

31 March
2025
£

31 July
2024
£

Due within one year

 

Loans and borrowings

8

565,504

756,033

Trade payables

 

215,375

459,739

Social security and other taxes

 

357,967

289,591

Other payables

 

177,821

179,348

 

1,316,667

1,684,711

Note

31 March
2025
£

31 July
2024
£

Due after one year

 

Loans and borrowings

8

576,518

735,258

Amounts due to related parties

 

81,355

96,405

 

657,873

831,663

 

SC4 (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 March 2025

8

Loans and borrowings

31 March
2025
£

31 July
2024
£

Current loans and borrowings

Bank overdrafts

-

36,052

Hire purchase contracts

187,219

225,196

Other borrowings

378,285

494,785

565,504

756,033

Non-current loans and borrowings

31 March
2025
£

31 July
2024
£

Hire purchase contracts

304,493

397,196

Other borrowings

272,025

338,062

576,518

735,258

Other borrowings

The carrying amount of hire purchase at period end is £491,712 (2024 - £622,392).

The obligations under hire purchase are secured upon the assets to which they relate.

The carrying amount of invoice finance creditor at period end is £181,702 (2024 - £210,416).

The invoice finance creditor is secured upon the book debts of the company

The carrying amount of other loans at period end is £406,720 (2024 - £541,013).

9

Share capital

Allotted, called up and fully paid shares

31 March
2025

31 July
2024

No.

£

No.

£

Ordinary shares of £1 each

830

830

830

830

       

10

Related party transactions

Transactions with parent

The company has provided a loan to its parent company totalling £11,234 (31 July 2024 - £13,744) which is not repayable within the next 12 months. No interest is being charged on this balance.