Company Registration No. 04956871 (England and Wales)
Scholar Engines Limited
Unaudited accounts
for the year ended 31 December 2024
Scholar Engines Limited
Unaudited accounts
Contents
Scholar Engines Limited
Company Information
for the year ended 31 December 2024
Directors
Mr G Lock
Mrs M Lock
Company Number
04956871 (England and Wales)
Registered Office
Blue House Lane
Mendlesham
Stowmarket
IP14 5NH
Accountants
Graham Lingley FFA, FIPA, FFTA
1 Lower Barn Road
Baylham
Ipswich
IP6 8FW
Scholar Engines Limited
Statement of financial position
as at 31 December 2024
Inventories
163,000
190,000
Cash at bank and in hand
668
1,486
Creditors: amounts falling due within one year
(31,098)
(36,415)
Net current assets
143,201
161,426
Total assets less current liabilities
143,888
162,488
Creditors: amounts falling due after more than one year
(99,917)
(101,292)
Called up share capital
1,000
1,000
Profit and loss account
42,971
60,196
Shareholders' funds
43,971
61,196
For the year ending 31 December 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 30 August 2025 and were signed on its behalf by
Mr G Lock
Director
Company Registration No. 04956871
Scholar Engines Limited
Notes to the Accounts
for the year ended 31 December 2024
Scholar Engines Limited is a private company, limited by shares, registered in England and Wales, registration number 04956871. The registered office is Blue House Lane, Mendlesham, Stowmarket, IP14 5NH.
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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.
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:
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
10,631
6,355
Scholar Engines Limited
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,170
4,000
Trade creditors
3,726
22,306
Taxes and social security
13,202
10,109
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Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
95,917
93,292
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Average number of employees
During the year the average number of employees was 9 (2023: 9).