Sc Msr Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Sc Msr Limited

Company Information

Director	Mr S Palmer

Registered office

2-4 Ash Lane Rustington Littlehampton BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP Ground Floor 19 New Road Brighton East Sussex BN1 1UF

Sc Msr Limited

(Registration number: 15373151)
Balance Sheet as at 31 December 2024

	Note	2024 £
Fixed Assets
Tangible Assets	4	5,838
Current assets
Debtors	5	8,574
Cash at bank and in hand		364
		8,938
Creditors: Amounts falling due within one year	6	(24,773)
Net current liabilities		(15,835)
Net liabilities		(9,997)
Capital and Reserves
Called up share capital		100
Retained Earnings		(10,097)
Shareholders' deficit		(9,997)

For the financial period ending 31 December 2024 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2025
 

......................................... Mr S Palmer Director

Sc Msr Limited

Notes to the Unaudited Financial Statements for the Period from 28 December 2023 to 31 December 2024

1	General information

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

The address of its registered office is:
2-4 Ash Lane
Rustington
Littlehampton
BN16 3BZ
England

These financial statements were authorised for issue by the director on 24 September 2025.

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.

The financial statements are presented in Sterling, which is the functional currency of the 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.

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.

Sc Msr Limited

Notes to the Unaudited Financial Statements for the Period from 28 December 2023 to 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	Straight line at 25%
Computer equipment	Straight line at 33%

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.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Sc Msr Limited

Notes to the Unaudited Financial Statements for the Period from 28 December 2023 to 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Sc Msr Limited

Notes to the Unaudited Financial Statements for the Period from 28 December 2023 to 31 December 2024

4	Tangible Assets

	Other tangible assets £	Total £
Cost or valuation
Additions	7,349	7,349
At 31 December 2024	7,349	7,349
Depreciation
Charge for the period	1,511	1,511
At 31 December 2024	1,511	1,511
Carrying amount
At 31 December 2024	5,838	5,838

5

Debtors

Current	2024 £
Trade Debtors	4,474
Other debtors	4,100
	8,574

6

Creditors

Creditors: amounts falling due within one year

	2024 £
Due within one year
Trade Creditors	18
Taxation and social security	505
Accruals and deferred income	1,250
Other creditors	23,000
	24,773

Sc Msr Limited

Notes to the Unaudited Financial Statements for the Period from 28 December 2023 to 31 December 2024

7	Related party transactions

Loans to related parties

2024	Key management £	Total £
Advanced	100	100
At end of period	100	100

Terms of loans to related parties

During the period the company provided it's director with a loan which was unsecured and interest free. The loan was repaid in full following the balance sheet date.