REGISTERED NUMBER: 07449003 (England and Wales)

Audited Financial Statements for the Year Ended 28 February 2025

for

S & C Foster Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W T Earnshaw

Mrs J Hobbs

S T Norris

SECRETARY:

S T Norris

REGISTERED OFFICE:

Elements Ring Road

Lower Wortley

Leeds

West Yorkshire

LS12 6AB

REGISTERED NUMBER:

07449003 (England and Wales)

AUDITORS:

DJH Audit Limited

The Exchange

5 Bank Street

Bury

Lancashire

BL9 0DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,006,239

1,165,275

1,006,239

1,165,275

CURRENT ASSETS

Stocks

-

44,800

Debtors

6

511,899

621,873

Cash at bank and in hand

876,549

152,677

1,388,448

819,350

CREDITORS

Amounts falling due within one year

7

1,054,911

906,671

NET CURRENT ASSETS/(LIABILITIES)

333,537

(87,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,339,776

1,077,954

CREDITORS

Amounts falling due after more than one year

8

(46,111

)

(71,083

)

PROVISIONS FOR LIABILITIES

(251,270

)

(220,692

)

NET ASSETS

1,042,395

786,179

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

1,042,389

786,173

1,042,395

786,179

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 28 November 2025 and were signed on its behalf by:

Mrs J Hobbs - Director

1.	STATUTORY INFORMATION

S & C Foster 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.	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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered the key judgement in calculating an appropriate depreciation charge.

Determining the expected outcome of long-term contracts prior to their conclusion, the amounts recoverable, and calculating the attributable profit that should be recognised in a manner appropriate to the stage of completion are considered key estimates.

Making judgement based on historical experience on the level of provision required for bad debts. Further information received after the statement of financial position date may impact on the level of provision required.

Turnover

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

Turnover is recognised as those services are provided to customers.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill has been fully written down to nil, as its useful economic life was 10 years.

Tangible fixed assets

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

Improvement to property - 20% cost

Plant & machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

The residual values, estimated useful lives and depreciation method of tangible fixed assets are reviewed, and adjusted as appropriate, at each balance sheet date. The effects of any revision are recognised in the income statement when the change arises.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash, and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as a receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

60,000

AMORTISATION

At 1 March 2024

and 28 February 2025

60,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

679,063

Additions

120,000

Transfer to ownership

(381,327

)

At 28 February 2025

417,736

DEPRECIATION

At 1 March 2024

325,470

Charge for year

85,412

Transfer to ownership

(279,629

)

At 28 February 2025

131,253

NET BOOK VALUE

At 28 February 2025

286,483

At 29 February 2024

353,593

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

(Unaudited)

£

£

Trade debtors

344,006

578,750

Other debtors

167,893

43,123

511,899

621,873

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

(Unaudited)

£

£

Hire purchase contracts

79,417

125,218

Trade creditors

125,545

135,061

Taxation and social security

326,156

146,887

Other creditors

523,793

499,505

1,054,911

906,671

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

(Unaudited)

£

£

Hire purchase contracts

46,111

71,083

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

(Unaudited)

£

£

Hire purchase contracts

125,528

196,301

The hire purchase contracts are secured over the assets to which they relate.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kate Hughes (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited