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COMPANY REGISTRATION NUMBER: 10589150
S.S.C. East Limited
Unaudited financial statements
31 January 2025
S.S.C. East Limited
Statement of financial position
31 January 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
397,019
404,724
Current assets
Stocks
1,000
1,000
Debtors
6
688,248
323,055
Cash at bank and in hand
157,842
380,092
---------
---------
847,090
704,147
Creditors: Amounts falling due within one year
7
( 491,384)
( 320,557)
---------
---------
Net current assets
355,706
383,590
---------
---------
Total assets less current liabilities
752,725
788,314
Creditors: Amounts falling due after more than one year
8
( 101,296)
( 143,077)
Provisions
Taxation including deferred tax
( 99,141)
( 101,095)
---------
---------
Net assets
552,288
544,142
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
552,188
544,042
---------
---------
Shareholders funds
552,288
544,142
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
S.S.C. East Limited
Statement of financial position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:
S G C Scales
Director
Company registration number: 10589150
S.S.C. East Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 26 Diss Industrial Estate, Hopper Way, Diss, Norfolk, England, IP22 4GT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 7 (2024: 7 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024
429,994
1,584
239,131
670,709
Additions
78,707
1,566
11,914
92,187
Disposals
( 7,812)
( 1,201)
( 9,013)
---------
------
---------
---------
At 31 January 2025
500,889
1,949
251,045
753,883
---------
------
---------
---------
Depreciation
At 1 February 2024
151,934
993
113,058
265,985
Charge for the year
61,806
311
32,015
94,132
Disposals
( 2,290)
( 963)
( 3,253)
---------
------
---------
---------
At 31 January 2025
211,450
341
145,073
356,864
---------
------
---------
---------
Carrying amount
At 31 January 2025
289,439
1,608
105,972
397,019
---------
------
---------
---------
At 31 January 2024
278,060
591
126,073
404,724
---------
------
---------
---------
6. Debtors
2025
2024
£
£
Trade debtors
140,423
58,741
Amounts owed by group undertakings and undertakings in which the company has a participating interest
512,299
214,952
Other debtors
35,526
49,362
---------
---------
688,248
323,055
---------
---------
7. Creditors: Amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
78,629
15,525
Social security and other taxes
112,622
87,334
Other creditors
290,133
207,698
---------
---------
491,384
320,557
---------
---------
Included in other creditors is an amount of £65,883 (2024: £53,936) which is secured by the assets concerned.
8. Creditors: Amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,337
13,337
Other creditors
97,959
129,740
---------
---------
101,296
143,077
---------
---------
Included in other creditors is an amount due of £97,959 (2024: £129,740) which is secured by the assets concerned.
9. Director's advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £nil (2024: £28,691). The maximum overdrawn balance during the year was £304,399. Interest of £4,674 was charged at the official rate.