Company Registration No. 04956871 (England and Wales)
Scholar Engines Limited
Unaudited accounts
for the year ended 31 December 2019
Scholar Engines Limited
Unaudited accounts
Contents
Scholar Engines Limited
Company Information
for the year ended 31 December 2019
Directors
Mr G Lock
Mrs M Lock
Company Number
04956871 (England and Wales)
Registered Office
UNIT 8B NEWBOURNE ROAD
WALDRINGFIELD
WOODBRIDGE
IP12 4PS
ENGLAND
Accountants
Graham Lingley FFA, FIPA, FFTA
22 Wareham Avenue
Ipswich
IP3 8QD
Scholar Engines Limited
Statement of financial position
as at 31 December 2019
Inventories
177,823
173,000
Cash at bank and in hand
5,652
-
Creditors: amounts falling due within one year
(141,372)
(55,747)
Net current assets
47,685
135,236
Total assets less current liabilities
47,685
136,292
Creditors: amounts falling due after more than one year
(3,034)
(86,502)
Called up share capital
1,000
1,000
Profit and loss account
43,651
48,790
Shareholders' funds
44,651
49,790
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2020 and were signed on its behalf by
Mr G Lock
Director
Company Registration No. 04956871
Scholar Engines Limited
Notes to the Accounts
for the year ended 31 December 2019
Scholar Engines Limited is a private company, limited by shares, registered in England and Wales, registration number 04956871. The registered office is UNIT 8B NEWBOURNE ROAD, WALDRINGFIELD, WOODBRIDGE, IP12 4PS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Raw materials
177,823
173,000
Scholar Engines Limited
Notes to the Accounts
for the year ended 31 December 2019
Accrued income and prepayments
5,582
5,582
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
2,590
Trade creditors
3,488
28,558
Taxes and social security
-
13,517
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
1,639
86,502
9
Average number of employees
During the year the average number of employees was 11 (2018: 11).
