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REGISTERED NUMBER: 11403304 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Scend (UK) Ltd

Scend (UK) Ltd (Registered number: 11403304)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scend (UK) Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A T Harlow
J G Crumpton
O F Jenkins





REGISTERED OFFICE: Unit 4B Bradley Park
High Holborn Road
Ripley
Derbyshire
DE5 3NW





REGISTERED NUMBER: 11403304 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Scend (UK) Ltd (Registered number: 11403304)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,992 10,472

CURRENT ASSETS
Stocks 19,255 -
Debtors 5 252,146 83,664
Cash at bank 176,414 100,576
447,815 184,240
CREDITORS
Amounts falling due within one year 6 236,979 70,735
NET CURRENT ASSETS 210,836 113,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,828

123,977

CREDITORS
Amounts falling due after more than one
year

7

34,851

39,868
NET ASSETS 227,977 84,109

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 227,974 84,106
227,977 84,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Scend (UK) Ltd (Registered number: 11403304)

Balance Sheet - continued
30 June 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:




J G Crumpton - Director A T Harlow - Director




O F Jenkins - Director


Scend (UK) Ltd (Registered number: 11403304)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Scend (UK) Ltd 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 for warehousing services, net of discounts and value added taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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 Profit and Loss Account, 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.

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 8 (2022 - 7 ) .

Scend (UK) Ltd (Registered number: 11403304)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 15,519 1,199 5,882 22,600
Additions 21,566 8,551 25,166 55,283
At 30 June 2023 37,085 9,750 31,048 77,883
DEPRECIATION
At 1 July 2022 9,965 693 1,470 12,128
Charge for year 6,780 2,265 4,718 13,763
At 30 June 2023 16,745 2,958 6,188 25,891
NET BOOK VALUE
At 30 June 2023 20,340 6,792 24,860 51,992
At 30 June 2022 5,554 506 4,412 10,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 209,512 70,587
Other debtors 5,000 5,000
Prepayments and accrued income 37,634 8,077
252,146 83,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,017 4,893
Trade creditors 108,094 32,034
Tax 42,304 16,657
Social security and other taxes 22,956 7,881
Other creditors 38,065 1,989
Directors' loan accounts 2,596 144
Accruals and deferred income 17,947 7,137
236,979 70,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1-5 years 21,369 20,842
Bank loans 5+ years 13,482 19,026
34,851 39,868

Scend (UK) Ltd (Registered number: 11403304)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 5+ years 13,482 19,026