Company No: 08917295 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	448,339		283,455
Investments	5	1		1
		448,340		283,456
Current assets
Stocks	6	18,583		21,472
Debtors	7	1,203,291		1,287,204
Cash at bank and in hand		1,166,170		1,015,145
		2,388,044		2,323,821
Creditors: amounts falling due within one year	8	( 1,484,939)		( 1,711,556)
Net current assets		903,105		612,265
Total assets less current liabilities		1,351,445		895,721
Creditors: amounts falling due after more than one year	9	( 57,424)		( 117,688)
Provision for liabilities		( 52,883)		( 15,747)
Net assets		1,241,138		762,286
Capital and reserves
Called-up share capital		1		1
Revaluation reserve		145,125		0
Profit and loss account		1,096,012		762,285
Total shareholder's funds		1,241,138		762,286

For the financial year ending 28 February 2026 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 21 July 2026. 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 construction goods and services net of VAT.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

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	not depreciated
	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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value. Upon revaluation, the company has opted to reverse the accumulated depreciation against the gross carrying amount of the asset.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

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. Cost is calculated using the FIFO (first-in, first-out) method.

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 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 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

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	21		21

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 March 2025	40,000		40,000
At 28 February 2026	40,000		40,000
Accumulated amortisation
At 01 March 2025	40,000		40,000
At 28 February 2026	40,000		40,000
Net book value
At 28 February 2026	0		0
At 28 February 2025	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost/Valuation
At 01 March 2025	165,000		52,834		335,668		553,502
Additions	0		10,110		27,695		37,805
Revaluations	193,500		0		0		193,500
Reversal of depreciation on revaluation	( 8,500)		0		0		( 8,500)
At 28 February 2026	350,000		62,944		363,363		776,307
Accumulated depreciation
At 01 March 2025	6,800		45,573		217,674		270,047
Charge for the financial year	1,700		5,976		58,745		66,421
Adjustments on revaluations	( 8,500)		0		0		( 8,500)
At 28 February 2026	0		51,549		276,419		327,968
Net book value
At 28 February 2026	350,000		11,395		86,944		448,339
At 28 February 2025	158,200		7,261		117,994		283,455

Revaluation of tangible assets

Freehold and leasehold land and buildings have been revalued by the directors in line with professional advice.

	2026		2025
	£		£
Historical cost	165,000		165,000
Accumulated depreciation	(8,500)		(6,800)
Carrying value	156,500		158,200

5. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 March 2025	1
At 28 February 2026	1
Carrying value at 28 February 2026	1
Carrying value at 28 February 2025	1

6. Stocks

	2026		2025
	£		£
Raw materials	18,583		21,472

7. Debtors

	2026		2025
	£		£
Trade debtors	716,135		436,382
Other debtors	487,156		850,822
	1,203,291		1,287,204

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	0		33,000
Trade creditors	629,273		757,441
Taxation and social security	331,024		252,967
Obligations under finance leases and hire purchase contracts (secured)	44,246		41,991
Other creditors	480,396		626,157
	1,484,939		1,711,556

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

	2026		2025
	£		£
Bank loans	0		35,750
Obligations under finance leases and hire purchase contracts (secured)	57,424		81,938
	57,424		117,688

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 (or members of its governing body)

Amounts owed by directors

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 2025, the balance owed by the director was £nil. During the year, £61,160 was advanced to the director, and £61,160 was repaid by the director. At 28 February 2026, the balance owed by the director was £nil. 

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.