Scriven & Co Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 01291453 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2022

for

Scriven & Co., Auctioneers, Surveyors,

Valuers & Estate Agents Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Tibbetts

C E Scriven

G T Scriven

REGISTERED OFFICE:

Estate House

821 Hagley Road West

Quinton

Birmingham

West Midlands

B32 1AD

REGISTERED NUMBER:

01291453 (England and Wales)

ACCOUNTANTS:

Nicklin LLP

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

BANKERS:

Barclays Bank Plc

70 Birmingham Road

Rowley Regis

West Midlands

B65 9BA

FIXED ASSETS

Tangible assets

4

33,157

33,284

CURRENT ASSETS

Debtors

5

85,837

79,325

Cash at bank

312,614

246,131

398,451

325,456

CREDITORS

Amounts falling due within one year

6

165,612

95,496

NET CURRENT ASSETS

232,839

229,960

TOTAL ASSETS LESS CURRENT LIABILITIES

265,996

263,244

CREDITORS

Amounts falling due after more than one year

7

25,833

35,833

NET ASSETS

240,163

227,411

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Share premium

1,200

1,200

Retained earnings

237,763

225,011

SHAREHOLDERS' FUNDS

240,163

227,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 and authorised for issue on 27 April 2023 and were signed on its behalf by:

C E Scriven - Director

1.	STATUTORY INFORMATION

Scriven & Co., Auctioneers, Surveyors, Valuers & Estate Agents Limited 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.

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.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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.

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 20 (2021 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2022

33,428

93,096

47,250

173,774

Additions

-

-

12,936

12,936

At 31 December 2022

33,428

93,096

60,186

186,710

DEPRECIATION

At 1 January 2022

15,610

88,815

36,065

140,490

Charge for year

3,300

4,280

5,483

13,063

At 31 December 2022

18,910

93,095

41,548

153,553

NET BOOK VALUE

At 31 December 2022

14,518

1

18,638

33,157

At 31 December 2021

17,818

4,281

11,185

33,284

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

50,561

50,624

Prepayments

35,276

28,701

85,837

79,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

32,670

24,225

Amounts owed to group undertakings

68,750

-

Taxation and social security

54,192

61,271

165,612

95,496

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

25,833

35,833