REGISTERED NUMBER: 01791852 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

S C D (HINCKLEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Bennett

C B Bennett

A Bennett

A Creed

S E Bennett

SECRETARY:

E Bennett

REGISTERED OFFICE:

Industrial Unit 5A

Hawley Road

Hinckley

Leicestershire

LE10 0PR

REGISTERED NUMBER:

01791852 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

31,869

45,291

Investments

5

817,025

769,082

848,894

814,373

CURRENT ASSETS

Debtors

6

1,043,859

356,785

Cash at bank

1,201,945

2,180,918

2,245,804

2,537,703

CREDITORS

Amounts falling due within one year

7

(1,373,636

)

(1,268,816

)

NET CURRENT ASSETS

872,168

1,268,887

TOTAL ASSETS LESS CURRENT LIABILITIES

1,721,062

2,083,260

PROVISIONS FOR LIABILITIES

(7,623

)

(10,888

)

NET ASSETS

1,713,439

2,072,372

CAPITAL AND RESERVES

Called up share capital

90

90

Capital redemption reserve

10

10

Retained earnings

1,713,339

2,072,272

1,713,439

2,072,372

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

C B Bennett - Director

1.	STATUTORY INFORMATION

S C D (Hinckley) Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Industrial Unit 5A, Hawley Road, Hinckley, Leicestershire, LE10 0PR and the registered number is 01791852.

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 as modified by the revaluation of certain assets.

The presentational currency of the financial statements is Pound Sterling (£) and the figures are rounded to the nearest £1.

Turnover

Turnover is derived from the production of textile products and represents amounts receivable for goods net of VAT and trade discounts and is recognised as goods are despatched.

Rendering of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% straight line

Financial instruments

i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Investments

Listed fixed asset investments are initially measured at transaction price including transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the profit or loss account.

Unlisted fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

276,932

DEPRECIATION

At 1 January 2024

231,641

Charge for year

13,422

At 31 December 2024

245,063

NET BOOK VALUE

At 31 December 2024

31,869

At 31 December 2023

45,291

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

769,082

Additions

154,899

Disposals

(137,242

)

Revaluations

30,286

At 31 December 2024

817,025

NET BOOK VALUE

At 31 December 2024

817,025

At 31 December 2023

769,082

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2021

163,327

Valuation in 2022

(115,716

)

Valuation in 2023

48,653

Valuation in 2024

30,286

Cost

690,475

817,025

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

248,872

261,725

Amounts owed by associates

93,737

93,737

Other debtors

101,250

1,323

Directors' current accounts

600,000

-

1,043,859

356,785

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

892

1,612

Amounts owed to associates

1,102,818

1,107,185

Tax

259,188

148,690

VAT

7,434

8,494

Accrued expenses

3,304

2,835

1,373,636

1,268,816

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A Bennett

Balance outstanding at start of year

-

(40,000

)

Amounts advanced

600,000

-

Amounts repaid

-

40,000

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

600,000

-

S E Bennett

Balance outstanding at start of year

-

-

Amounts advanced

50,000

-

Amounts repaid

(50,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-