SPECIALISED CONTRACTING SERVICES LIMITED


Directors	Mr C A McKenry
	Ms K A McKenry
	Mr P A Reynard
	Mr S D Reynard


Registered Address	C/O Armstrong Watson 1st Floor
	One Strawberry Lane
	Newcastle Upon Tyne
	NE1 4BX


Registered Number	01760048 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		15,488		10,927
			15,488		10,927
Current assets
Stocks	4	3,832		3,227
Debtors	5	62,112		100,034
Cash at bank and on hand		41,027		53
		106,971		103,314
Creditors amounts falling due within one year	6	(67,241)		(85,168)
Net current assets (liabilities)			39,730		18,146
Total assets less current liabilities			55,218		29,073
Creditors amounts falling due after one year	7		-		(1,007)
Provisions for liabilities	8		(3,872)		(2,732)
Net assets			51,346		25,334
Capital and reserves
Called up share capital			132		132
Profit and loss account			51,214		25,202
Shareholders' funds			51,346		25,334

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 October 2026, and are signed on its behalf by:

Ms K A McKenry
Director
Registered Company No. 01760048

SPECIALISED CONTRACTING SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	15	-
Office Equipment	-	4

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	6		6

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	7,525	17,628	1,639	2,112	28,904
Additions	171	12,100	-	35	12,306
Disposals	-	(17,628)	-	-	(17,628)
At 31 March 26	7,696	12,100	1,639	2,147	23,582
Depreciation and impairment
At 01 April 25	3,514	11,501	1,639	1,323	17,977
Charge for year	619	751	-	248	1,618
On disposals	-	(11,501)	-	-	(11,501)
At 31 March 26	4,133	751	1,639	1,571	8,094
Net book value
At 31 March 26	3,563	11,349	-	576	15,488
At 31 March 25	4,011	6,127	-	789	10,927

4.	Stocks

	2026	2025
	£	£
Raw materials and consumables	3,832	3,227
Total	3,832	3,227

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	55,931	94,492
Other debtors	47	4
Prepayments and accrued income	6,134	5,538
Total	62,112	100,034

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	10,441	13,960
Bank borrowings and overdrafts	1,007	23,403
Taxation and social security	32,672	21,358
Other creditors	19,501	22,562
Accrued liabilities and deferred income	3,620	3,885
Total	67,241	85,168

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	1,007
Total	-	1,007

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	3,872	2,732
Total	3,872	2,732

9.	Related party transactions
	During the year, two directors had loan accounts with the company. As at 01/04/2025, the company owed the directors £18,383. During the year the directors advanced a further £18,549 and the company repaid £19,693. As at 31/03/2026, the company owed the directors £17,239.