Scanmech Plant (Sales and Service) Limit - Accounts to registrar (filleted) - small 18.2
Scanmech Plant (Sales and Service) Limit - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2022 |
| for |
| Scanmech Plant (Sales and Service) |
| Limited |
| Scanmech Plant (Sales and Service) |
| Limited (Registered number: 01546665) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2022 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Scanmech Plant (Sales and Service) |
| Limited |
| Company Information |
| for the Year Ended 28 February 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 68 Queen Street |
| Sheffield |
| South Yorkshire |
| S1 1WR |
| BANKERS: |
| 26 Market Hill |
| Barnsley |
| South Yorkshire |
| S70 2QE |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Scanmech Plant (Sales and Service) |
| Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scanmech Plant (Sales and Service) Limited for the year ended 28 February 2022 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Scanmech Plant (Sales and Service) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scanmech Plant (Sales and Service) Limited and state those matters that we have agreed to state to the Board of Directors of Scanmech Plant (Sales and Service) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scanmech Plant (Sales and Service) Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Scanmech Plant (Sales and Service) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Scanmech Plant (Sales and Service) Limited. You consider that Scanmech Plant (Sales and Service) Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Scanmech Plant (Sales and Service) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 68 Queen Street |
| Sheffield |
| South Yorkshire |
| S1 1WR |
| Scanmech Plant (Sales and Service) |
| Limited (Registered number: 01546665) |
| Balance Sheet |
| 28 February 2022 |
| 28/2/22 | 28/2/21 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Scanmech Plant (Sales and Service) |
| Limited (Registered number: 01546665) |
| Balance Sheet - continued |
| 28 February 2022 |
| 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 and authorised for issue on |
| Scanmech Plant (Sales and Service) |
| Limited (Registered number: 01546665) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2022 |
| 1. | STATUTORY INFORMATION |
| Scanmech Plant (Sales and Service) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Financial instruments |
| Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| Taxation |
| Taxation for the year 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. |
| Scanmech Plant (Sales and Service) |
| Limited (Registered number: 01546665) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 year 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2021 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28 February 2022 |
| DEPRECIATION |
| At 1 March 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28 February 2022 |
| NET BOOK VALUE |
| At 28 February 2022 |
| At 28 February 2021 |
| Scanmech Plant (Sales and Service) |
| Limited (Registered number: 01546665) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2022 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| Shares in | in other |
| group | participating |
| undertakings | interests | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2021 | 201,225 | 276,450 |
| Impairments | ( |
) | - | (75,225 | ) |
| At 28 February 2022 | 201,225 | 201,225 |
| NET BOOK VALUE |
| At 28 February 2022 | 201,225 | 201,225 |
| At 28 February 2021 | 201,225 | 276,450 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 March 2021 |
| and 28 February 2022 |
| NET BOOK VALUE |
| At 28 February 2022 |
| At 28 February 2021 |
| The Investment properties class of fixed assets were revalued on 28th February 2022 by the directors who are internal to the company. The basis of this valuation was current market value. This class of asset has a current value of £685,000 and a carrying amount of historical cost of £426,394. |
| There has been no valuation of investment properties by an independent valuer. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28/2/22 | 28/2/21 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| Scanmech Plant (Sales and Service) |
| Limited (Registered number: 01546665) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28/2/22 | 28/2/21 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |