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REGISTERED NUMBER: 03960150 (England and Wales)














SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED (REGISTERED NUMBER: 03960150)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr M G Barnes
Mr P J Barnes





SECRETARY: Mr M G Barnes





REGISTERED OFFICE: 4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN





REGISTERED NUMBER: 03960150 (England and Wales)





ACCOUNTANTS: Marsh Accounting Limited
Chartered Accountants
4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South Coast Catering Equipment (Service) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of South Coast Catering Equipment (Service) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South Coast Catering Equipment (Service) Limited and state those matters that we have agreed to state to the Board of Directors of South Coast Catering Equipment (Service) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South Coast Catering Equipment (Service) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that South Coast Catering Equipment (Service) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of South Coast Catering Equipment (Service) Limited. You consider that South Coast Catering Equipment (Service) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of South Coast Catering Equipment (Service) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Marsh Accounting Limited
Chartered Accountants
4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN


Date: .............................................

SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED (REGISTERED NUMBER: 03960150)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,116 63,723

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 222,775 271,763
Cash at bank and in hand 424,726 240,212
677,501 541,975
CREDITORS
Amounts falling due within one year 6 232,535 235,263
NET CURRENT ASSETS 444,966 306,712
TOTAL ASSETS LESS CURRENT LIABILITIES 490,082 370,435

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 489,982 370,335
SHAREHOLDERS' FUNDS 490,082 370,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED (REGISTERED NUMBER: 03960150)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





Mr M G Barnes - Director


SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED (REGISTERED NUMBER: 03960150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

South Coast Catering Equipment (Service) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED (REGISTERED NUMBER: 03960150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 2,099 172,073 21,246 195,418
Additions - - 102 102
Disposals - (25,813 ) - (25,813 )
At 31 December 2024 2,099 146,260 21,348 169,707
DEPRECIATION
At 1 January 2024 1,888 108,561 21,246 131,695
Charge for year 53 14,964 34 15,051
Eliminated on disposal - (22,155 ) - (22,155 )
At 31 December 2024 1,941 101,370 21,280 124,591
NET BOOK VALUE
At 31 December 2024 158 44,890 68 45,116
At 31 December 2023 211 63,512 - 63,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,438 208,654
Amounts owed by group undertakings 72,739 55,396
Amounts recoverable on contracts 1,073 -
Other debtors 25,525 7,713
222,775 271,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 64,108 78,585
Amounts owed to group undertakings 45,785 47,807
Taxation and social security 93,347 85,143
Other creditors 29,295 23,728
232,535 235,263

SOUTH COAST CATERING EQUIPMENT (SERVICE)
LIMITED (REGISTERED NUMBER: 03960150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2024 370,335
Profit for the year 119,647
At 31 December 2024 489,982

9. RELATED PARTY DISCLOSURES

During the year rent of £51,791 (2023: £60,099) was paid in respect of a property owned by the holding company MGB Holdings Limited.

At the balance sheet date £72,739 (2023: £55,369) was owed to the company by MGB Holding Limited.

At the balance sheet date £45,785 (2023: £47,807) was owed to South Coast Catering Equipment Limited, a subsidiary of MGB Holdings Limited.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of MGB Holdings Limited, a company incorporated in England.

The company is under the control of Mr M G Barnes, the majority shareholder and managing director of MGB Holdings Limited.