SCL Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06051773

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

SCL Ltd

Trading as

Hove Hair Clinic

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S C Landon

REGISTERED OFFICE:

42 Goldstone Road

Hove

East Sussex

BN3 3RH

REGISTERED NUMBER:

06051773

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

870

1,161

870

1,161

CURRENT ASSETS

Stocks

13,001

18,856

Debtors

6

3,675

1,875

Cash at bank

50,338

67,235

67,014

87,966

CREDITORS

Amounts falling due within one year

7

42,069

60,268

NET CURRENT ASSETS

24,945

27,698

TOTAL ASSETS LESS CURRENT LIABILITIES

25,815

28,859

CREDITORS

Amounts falling due after more than one year

8

10,267

14,667

NET ASSETS

15,548

14,192

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

15,448

14,092

SHAREHOLDERS' FUNDS

15,548

14,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 6 June 2023 and were signed by:

Mrs S C Landon - Director

1.	STATUTORY INFORMATION

SCL Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 February 2022

and 31 January 2023

16,667

AMORTISATION

At 1 February 2022

and 31 January 2023

16,667

NET BOOK VALUE

At 31 January 2023

-

At 31 January 2022

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2022

and 31 January 2023

1,762

11,154

12,916

DEPRECIATION

At 1 February 2022

738

11,017

11,755

Charge for year

154

137

291

At 31 January 2023

892

11,154

12,046

NET BOOK VALUE

At 31 January 2023

870

-

870

At 31 January 2022

1,024

137

1,161

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

823

-

VAT

977

-

Prepayments

1,875

1,875

3,675

1,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts (see note 9)

4,400

4,400

Trade creditors

-

8,127

Tax

895

3,435

Social security and other taxes

30

110

VAT

-

3,843

Directors' loan accounts

35,761

39,304

Accrued expenses

983

1,049

42,069

60,268

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans (see note 9)

10,267

14,667

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.23

31.1.22

£

£

Amounts falling due within one year or on demand:

Bank loans

4,400

4,400

Amounts falling due between two and five years:

Bank loans - 2-5 years

10,267

14,667

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 February 2022

14,092

Profit for the year

3,356

Dividends

(2,000

)

At 31 January 2023

15,448