SCRP Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11252839 (England and Wales)

Financial Statements for the Period 13 March 2018 to 31 March 2019

for

SCRP Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S L Cleaton

D R Cleaton

R L Pratt

REGISTERED OFFICE:

3 East Cross

Tenterden

TN30 6AD

REGISTERED NUMBER:

11252839 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

4

3,762

CURRENT ASSETS

Stocks

4,300

Debtors

5

29,614

Cash at bank and in hand

2,114

36,028

CREDITORS

Amounts falling due within one year

6

98,888

NET CURRENT LIABILITIES

(62,860

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(59,098

)

PROVISIONS FOR LIABILITIES

7

715

NET LIABILITIES

(59,813

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(59,913

)

SHAREHOLDERS' FUNDS

9

(59,813

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 on 12 December 2019 and were signed on its behalf by:

Ms S L Cleaton - Director

R L Pratt - Director

1.	STATUTORY INFORMATION

SCRP Ltd 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.

Going Concern

The company's day to day working capital is met through loan accounts with the directors. The directors have given

their undertaking not to draw down on the loan to the detriment of the company and the directors therefore consider

it appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

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 period was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

5,016

At 31 March 2019

5,016

DEPRECIATION

At 13 March 2018

and 31 March 2019

1,254

NET BOOK VALUE

At 31 March 2019

3,762

At 12 March 2018

(1,254

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

29,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

7,457

Taxation and social security

8,276

Other creditors

83,155

98,888

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

715

Deferred

tax

£

Provided during period

715

Balance at 31 March 2019

715

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2019:

£

Ms S L Cleaton and D R Cleaton

Balance outstanding at start of period

-

Amounts advanced

2,424

Amounts repaid

(34,040

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(31,616

)

R L Pratt

Balance outstanding at start of period

-

Amounts advanced

2,010

Amounts repaid

(35,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(32,990

)

9.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

£

Loss for the financial period

(59,913

)

New share capital subscribed

100

Net reduction of shareholders' funds

(59,813

)

Opening shareholders' funds

-

Closing shareholders' funds

(59,813

)

Equity interests

(59,813

)