SCS Manufacturing & Training Limited - Accounts to registrar (filleted) - small 18.2
SCS Manufacturing & Training Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| SCS Manufacturing & Training Limited |
| Financial Statements |
| for the Year Ended 28 February 2018 |
| SCS Manufacturing & Training Limited (Registered number: 04212507) |
| Contents of the Financial Statements |
| for the year ended 28 February 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SCS Manufacturing & Training Limited |
| Company Information |
| for the year ended 28 February 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditor |
| 33 George Street |
| Wakefield |
| West Yorkshire |
| WF1 1LX |
| SCS Manufacturing & Training Limited (Registered number: 04212507) |
| Balance Sheet |
| 28 February 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET LIABILITIES | ( |
) | ( |
) |
| SCS Manufacturing & Training Limited (Registered number: 04212507) |
| Balance Sheet - continued |
| 28 February 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 |
| Mrs M Chappell Dixon - Director | Mr R M Lambert - Director |
| Mr A S Morson - Director | Mr T Watson - Director |
| Mr D L Friend - Director |
| SCS Manufacturing & Training Limited (Registered number: 04212507) |
| Notes to the Financial Statements |
| for the year ended 28 February 2018 |
| 1. | STATUTORY INFORMATION |
| SCS Manufacturing & Training Limited is a private limited 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. The |
| company's principal place of business is Newmarket House, Aberford Road, Wakefield, WF3 4AL. |
| The functional and presentation currency for the company is the pound sterling (£). All financial information presented has |
| been rounded to the nearest (£), unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| It is acknowledged that the company will require ongoing financial support from its ultimate parent company, Specialist |
| Ceiling Services Holdings Limited and their support has been confirmed. |
| After making enquiries, the Board is satisfied that the company will have adequate resources to continue its operations for |
| the foreseeable future. For this reason the company continues to adopt the going concern basis in preparing its financial |
| statements. |
| Turnover |
| Turnover which is stated net of value added tax represents amounts invoiced to third parties except in respect of long term |
| contracts, where turnover represents the sales value of work done in the year including estimates in respect of amounts not |
| invoiced. |
| 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 agreements |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor |
| are charged against profits on a straight line basis over the period of the lease. |
| SCS Manufacturing & Training Limited (Registered number: 04212507) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Employee benefit trust |
| The company operates an employee benefit trust for employees. The assets of the trust are held separately from those of the |
| company. The annual payments are charged to the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts recoverable on contract |
| VAT |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| SCS Manufacturing & Training Limited (Registered number: 04212507) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2018 |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | CONTINGENT LIABILITIES |
| There is unlimited multilateral Guarantee dated 28 November 2012 given by SCS Building Solutions Limited, SCS Render |
| Systems Limited, SCS Manufacturing & Training Limited, Specialist Ceiling Services Southern Limited. |
| 10. | RELATED PARTY DISCLOSURES |
| 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. |
| The directors are of the opinion that there are no further related party transactions as require disclosure under FRS 102 |
| Section 1A. |