SCS Automation Uk Limited,Ltd - AccountsLtd - Accounts

SCS AUTOMATION UK LIMITED - Company Information

Print Friendly Version

SCS Automation Uk Limited

Registered Number:09223083

For the year ended 30 June 2019

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2019

SCS Automation Uk Limited

Contents Page

Statement of Financial Position

2 to 5

Notes to the Financial Statements

As at 30 June 2019

SCS Automation Uk Limited

Statement of Financial Position

Registered Number :

09223083

2018

2019

Notes

Fixed assets

Intangible assets

1,661

2,085

Property, plant and equipment

19,546

1,607

21,207

3,692

Current assets

Inventories

34,616

35,145

Trade and other receivables

77,238

73,223

23,274

Cash and cash equivalents

71,805

180,173

135,128

Trade and other payables: amounts falling due within

one year

(127,434)

(96,032)

7,694

84,141

Net current assets

Total assets less current liabilities

105,348

11,386

Trade and other payables: amounts falling due after

more than one year

(170,097)

(542)

Provisions for liabilities

(65,291)

Net assets/liabilities

11,386

Capital and reserves

Called up share capital

100

Retained earnings

(65,391)

11,286

(65,291)

11,386

Shareholders' funds

For the year ended 30 June 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

1 of 5

For the year ended 30 June 2019

SCS Automation Uk Limited

Statement of Financial Position Continued

Mr Max Hampton Smith Director

These financial statements were approved and authorised for issue by the Board on 12 March 2020 and were signed by:

The notes form part of these financial statements

2 of 5

For the year ended 30 June 2019

SCS Automation Uk Limited

Notes to the Financial Statements

Statutory Information

SCS Automation Uk Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09223083.

Registered address:

Units 4/5 Redlake Lane

Wokingham

Berkshire

RG40 3BF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention

as modified by the revaluation of certain assets.

Revenue recognition

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

Property, plant and equipment

Property, plant and equipment, 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:

Plant and Machinery

25% Reducing balance

25% Straight line

Motor Vehicles

25% Straight line

Furniture and Fittings

2. Intangible fixed assets

Other

Intangible

Assets

Cost or valuation

At 01 July 2018

2,120

At 30 June 2019

2,120

Amortisation

At 01 July 2018

424

Charge for year

At 30 June 2019

459

Net book value

At 30 June 2019

1,661

At 30 June 2018

2,085

3 of 5

For the year ended 30 June 2019

SCS Automation Uk Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Furniture and

Fittings

Motor

Vehicles

Plant and

Machinery

Cost or

valuation

At 01 July 2018

1,734

22,857

1,862

20,995

Additions

At 30 June 2019

1,734

20,995

1,862

24,591

Provision for depreciation and impairment

At 01 July 2018

127

Charge for year

4,918

372

4,199

347

At 30 June 2019

5,045

372

4,199

474

At 30 June 2019

Net book value

1,260

16,796

1,490

19,546

At 30 June 2018

1,607

4. Inventories

2018

2019

Stocks

35,145

34,616

5. Trade and other receivables

2018

2019

Trade debtors

70,269

77,238

Other debtors

2,954

77,238

73,223

6. Trade and other payables: amounts falling due within one year

2018

2019

Bank loans and overdraft (secured)

44,658

Trade creditors

34,589

24,017

Taxation and social security

13,880

25,410

Other creditors

2,905

78,007

96,032

127,434

4 of 5

For the year ended 30 June 2019

SCS Automation Uk Limited

Notes to the Financial Statements Continued

7. Trade and other payables: amounts falling due after more than one year

2018

2019

Bank loans and overdraft (secured)

156,304

Other creditors

13,793

170,097

8. Related party transactions

During the year management fees of £75,667 where charged to SCS Automation UK Ltd by Kamax Properties

Ltd. A company controlled by director and shareholder Mr M Smith.

9. Average number of persons employed

During the year the average number of employees was 6 (2018 : 10)

5 of 5