Company No: 08917295 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	283,455		262,570
Investments	5	1		1
		283,456		262,571
Current assets
Stocks	6	21,472		21,472
Debtors	7	1,287,204		1,660,071
Cash at bank and in hand		1,015,145		1,030,705
		2,323,821		2,712,248
Creditors: amounts falling due within one year	8	( 1,711,556)		( 2,174,495)
Net current assets		612,265		537,753
Total assets less current liabilities		895,721		800,324
Creditors: amounts falling due after more than one year	9	( 117,688)		( 129,451)
Provision for liabilities		( 15,747)		( 18,610)
Net assets		762,286		652,263
Capital and reserves
Called-up share capital		1		1
Profit and loss account		762,285		652,262
Total shareholder's funds		762,286		652,263

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of S C Forecourts Limited (registered number: 08917295) were approved and authorised for issue by the Board of Directors on 03 October 2025. They were signed on its behalf by:

S V Stacey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S C Forecourts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Railway Station Station Road, Wiveliscombe, Taunton, TA4 2LX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	4 years straight line
Vehicles	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

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

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	21		22

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 March 2024	40,000		40,000
At 28 February 2025	40,000		40,000
Accumulated amortisation
At 01 March 2024	40,000		40,000
At 28 February 2025	40,000		40,000
Net book value
At 28 February 2025	0		0
At 29 February 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 March 2024	165,000		50,764		297,954		513,718
Additions	0		6,637		77,940		84,577
Disposals	0		( 4,567)		( 40,226)		( 44,793)
At 28 February 2025	165,000		52,834		335,668		553,502
Accumulated depreciation
At 01 March 2024	5,100		45,465		200,583		251,148
Charge for the financial year	1,700		4,675		57,317		63,692
Disposals	0		( 4,567)		( 40,226)		( 44,793)
At 28 February 2025	6,800		45,573		217,674		270,047
Net book value
At 28 February 2025	158,200		7,261		117,994		283,455
At 29 February 2024	159,900		5,299		97,371		262,570

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 March 2024	1
At 28 February 2025	1
Carrying value at 28 February 2025	1
Carrying value at 29 February 2024	1

6. Stocks

	2025		2024
	£		£
Raw materials	21,472		21,472

7. Debtors

	2025		2024
	£		£
Trade debtors	436,382		867,139
Other debtors	850,822		792,932
	1,287,204		1,660,071

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	33,000		45,083
Trade creditors	757,441		1,163,617
Taxation and social security	252,967		253,143
Obligations under finance leases and hire purchase contracts (secured)	41,991		31,306
Other creditors	626,157		681,346
	1,711,556		2,174,495

Obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	35,750		68,750
Obligations under finance leases and hire purchase contracts (secured)	81,938		60,701
	117,688		129,451

Obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

10. Related party transactions

Transactions with the entity's directors

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 March 2024, the balance owed by the director was £nil. During the year, £156,375 was advanced to the director, and £156,375 was repaid by the director. At 28 February 2025, the balance owed by the director was £nil.

At 1 March 2023, the balance owed by the director was £nil. During the year, £85,836 was advanced to the director, and £85,836 was repaid by the director. At 29 February 2024, the balance owed by the director was £nil.