Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31false2023-09-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12842340 2023-09-01 2024-08-31 12842340 2022-09-01 2023-08-31 12842340 2024-08-31 12842340 2023-08-31 12842340 c:Director1 2023-09-01 2024-08-31 12842340 d:PlantMachinery 2023-09-01 2024-08-31 12842340 d:PlantMachinery 2024-08-31 12842340 d:PlantMachinery 2023-08-31 12842340 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12842340 d:MotorVehicles 2023-09-01 2024-08-31 12842340 d:MotorVehicles 2024-08-31 12842340 d:MotorVehicles 2023-08-31 12842340 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12842340 d:FurnitureFittings 2023-09-01 2024-08-31 12842340 d:FurnitureFittings 2024-08-31 12842340 d:FurnitureFittings 2023-08-31 12842340 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12842340 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12842340 d:CurrentFinancialInstruments 2024-08-31 12842340 d:CurrentFinancialInstruments 2023-08-31 12842340 d:Non-currentFinancialInstruments 2024-08-31 12842340 d:Non-currentFinancialInstruments 2023-08-31 12842340 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12842340 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12842340 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 12842340 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12842340 d:ShareCapital 2024-08-31 12842340 d:ShareCapital 2023-08-31 12842340 d:RetainedEarningsAccumulatedLosses 2024-08-31 12842340 d:RetainedEarningsAccumulatedLosses 2023-08-31 12842340 c:FRS102 2023-09-01 2024-08-31 12842340 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12842340 c:FullAccounts 2023-09-01 2024-08-31 12842340 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12842340 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 12842340 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 12842340 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 12842340 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 12842340 2 2023-09-01 2024-08-31 12842340 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 12842340









SCP CONSTRUCTION LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
SCP CONSTRUCTION LTD
REGISTERED NUMBER: 12842340

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
56,484
75,311

  
56,484
75,311

Current assets
  

Stocks
 5 
55,324
13,500

Debtors: amounts falling due within one year
 6 
81,753
86,980

Cash at bank and in hand
 7 
-
2,724

  
137,077
103,204

Creditors: amounts falling due within one year
 8 
(181,095)
(79,796)

Net current (liabilities)/assets
  
 
 
(44,018)
 
 
23,408

Total assets less current liabilities
  
12,466
98,719

Creditors: amounts falling due after more than one year
 9 
(35,097)
(48,506)

  

Net (liabilities)/assets
  
(22,631)
50,213


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(22,731)
50,113

  
(22,631)
50,213

Page 1

 
SCP CONSTRUCTION LTD
REGISTERED NUMBER: 12842340
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2025.




................................................
Steven Pidgley
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
SCP CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

SCP Construction Ltd is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of construction of domestic buildings. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its directors, which they have pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SCP CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
SCP CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
91,568
86,278

Social security costs
2,942
1,563

Cost of defined contribution scheme
1,866
1,542

96,376
89,383


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
SCP CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 September 2023
81,724
23,990
1,870
107,584



At 31 August 2024

81,724
23,990
1,870
107,584



Depreciation


At 1 September 2023
20,980
10,333
960
32,273


Charge for the year on owned assets
15,186
3,414
227
18,827



At 31 August 2024

36,166
13,747
1,187
51,100



Net book value



At 31 August 2024
45,558
10,243
683
56,484



At 31 August 2023
60,744
13,657
910
75,311

Page 6

 
SCP CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Stocks

2024
2023
£
£

Work in progress
52,324
10,750

Finished goods and goods for resale
3,000
2,750

55,324
13,500



6.


Debtors

2024
2023
£
£


Amounts owed by associated undertakings
80,272
72,700

Other debtors
-
8,563

Prepayments and accrued income
1,481
5,717

81,753
86,980



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
2,724

Less: bank overdrafts
(9,451)
-

(9,451)
2,724


Page 7

 
SCP CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
9,451
-

Other loans
90,000
-

Trade creditors
13,654
55,201

Corporation tax
-
4,365

Other taxation and social security
11,110
3,345

Obligations under finance lease and hire purchase contracts
14,039
14,039

Other creditors
40,658
293

Accruals and deferred income
2,183
2,553

181,095
79,796


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
14,039
14,039

14,039
14,039



The hire purchase contracts are secured on the asset concerned.

Page 8

 
SCP CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
35,097
48,506

35,097
48,506


The following liabilities were secured:

2024
2023
£
£



Net obligations under finance leases and hire purchase contracts
35,097
48,506

35,097
48,506



The hire purchase contracts are secured on the asset concerned.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
14,039
14,039

Between 1-5 years
35,097
48,506

49,136
62,545


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,866 (2023 - £1,542). Contributions totalling £399 (2023 - £293) were payable to the fund at the balance sheet date.


12.


Controlling party

The Company is controlled by the director, Steven Pidgley, by virtue of his shareholding as described in the directors' report.
 
Page 9