Schofield's Reclamation Limited

Schofield's Reclamation Limited
Contents Page
For the year ended 31 August 2025

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

Schofield's Reclamation Limited Accountants' Report For the year ended 31 August 2025
Accountants report You consider that the company is exempt from an audit for the year ended 31 August 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Patten Accountancy Services 31 August 2025 .................................................... Patten Accountancy Services 1 Cambridge Close Harlington Doncaster South Yorkshire DN5 7JX 31 May 2026 1

Schofield's Reclamation Limited
Accountants' Report
For the year ended 31 August 2025

Accountants report
You consider that the company is exempt from an audit for the year ended 31 August 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Patten Accountancy Services
31 August 2025

....................................................
Patten Accountancy Services
1 Cambridge Close
Harlington
Doncaster
South Yorkshire
DN5 7JX
31 May 2026

1

Schofield's Reclamation Limited
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	248,195	277,589
		248,195	277,589
Current assets
Stocks		88,246	88,246
Debtors		23,301	10,799
Cash at bank and in hand		163,286	169,730
		274,833	268,775
Creditors: amount falling due within one year		(33,543)	(38,643)
Net current assets		241,290	230,132

Total assets less current liabilities		489,485	507,721
Creditors: amount falling due after more than one year		(45,424)	(61,062)
Net assets		444,061	446,659

Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		443,061	445,659
Shareholders' funds		444,061	446,659

For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question 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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 31 May 2026 and were signed on its behalf by:

-------------------------------
Edwin Schofield
Director

2

Schofield's Reclamation Limited
Notes to the Abridged Financial Statements
For the year ended 31 August 2025

General Information

Schofield's Reclamation Limited is a private company, limited by shares, registered in , registration number 05354364, registration address The Bungalow, Queen Street, Swinton, South Yorks, S64 8PG.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	3% Reducing Balance
Plant and Machinery	18% Reducing Balance
Motor Vehicles	8% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 16 (2024 : 15).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Total
	£	£	£	£
At 01 September 2024	91,837	94,644	281,711	468,192
Additions	-	23,100	-	23,100
Disposals	-	-	(31,500)	(31,500)
At 31 August 2025	91,837	117,744	250,211	459,792
Depreciation
At 01 September 2024	3,240	84,195	103,168	190,603
Charge for year	907	9,585	13,611	24,103
On disposals	-	-	(3,109)	(3,109)
At 31 August 2025	4,147	93,780	113,670	211,597
Net book values
Closing balance as at 31 August 2025	87,690	23,964	136,541	248,195
Opening balance as at 01 September 2024	88,597	10,449	178,543	277,589

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
999 Class A shares of £1.00 each	999		999
	999		999

3

Registered Number: 05354364

SCHOFIELD'S RECLAMATION LIMITED

Abridged Accounts

Period of accounts Start date: 01 September 2024 End date: 31 August 2025