REGISTERED NUMBER: 09351763 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

S4 ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Few

SV Collins

REGISTERED OFFICE:

4 Office Village

Forder Way, Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

REGISTERED NUMBER:

09351763 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

291,136

261,124

291,136

261,124

CURRENT ASSETS

Stocks

102,757

144,800

Debtors

7

3,877,646

4,884,981

Cash at bank

818,288

536,426

4,798,691

5,566,207

CREDITORS

Amounts falling due within one year

8

3,419,045

3,523,847

NET CURRENT ASSETS

1,379,646

2,042,360

TOTAL ASSETS LESS CURRENT LIABILITIES

1,670,782

2,303,484

CREDITORS

Amounts falling due after more than one year

9

(35,621

)

(82,600

)

PROVISIONS FOR LIABILITIES

(113,851

)

(166,574

)

NET ASSETS

1,521,310

2,054,310

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,521,210

2,054,210

SHAREHOLDERS' FUNDS

1,521,310

2,054,310

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:

S R Few - Director

1.	STATUTORY INFORMATION

S4 Engineering 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing the stocks to the present location and condition.

Work in progress is valued using the percentage of completion method

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. 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.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 29 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

11,000

AMORTISATION

At 1 January 2024

and 31 December 2024

11,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

395,580

Additions

72,918

Disposals

(2,328

)

At 31 December 2024

466,170

DEPRECIATION

At 1 January 2024

134,456

Charge for year

40,578

At 31 December 2024

175,034

NET BOOK VALUE

At 31 December 2024

291,136

At 31 December 2023

261,124

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

29,767

Additions

27,847

At 31 December 2024

57,614

DEPRECIATION

At 1 January 2024

9,922

Charge for year

10,450

At 31 December 2024

20,372

NET BOOK VALUE

At 31 December 2024

37,242

At 31 December 2023

19,845

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,458,860

2,963,946

Amounts owed by group undertakings

7,324

1,655

Amounts recoverable on contract

1,980,112

1,814,306

Other debtors

431,350

105,074

3,877,646

4,884,981

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,000

50,000

Hire purchase contracts

13,127

4,800

Trade creditors

1,571,932

1,950,557

Amounts owed to group undertakings

-

36,496

Taxation and social security

232,121

185,914

Other creditors

1,551,865

1,296,080

3,419,045

3,523,847

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

25,000

75,000

Hire purchase contracts

10,621

7,600

35,621

82,600

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

75,000

125,000

The bank has security over the loan by form of an unlimited debenture from S4 Engineering Ltd.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

S R Few

Balance outstanding at start of year

(353

)

(56

)

Amounts advanced

347,207

228,303

Amounts repaid

(347,258

)

(228,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(404

)

(353

)

Interest has been charged on this loan at the official rate, the loan is unsecured and repayable on demand.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £19,000 (2023 - £128,600) were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Few.