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REGISTERED NUMBER: 04364658 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

SCIS UK LIMITED

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCIS UK LIMITED

Company Information
for the year ended 28 February 2023







Directors: Mr S G Carter
Mrs P Carter
Mr M D Carter





Secretary: Mrs P Carter





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 04364658 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 103,144 97,071
103,144 97,071

Current assets
Stocks 6 56,500 41,000
Debtors 7 211,368 159,838
Cash at bank 209,001 103,265
476,869 304,103
Creditors
Amounts falling due within one year 8 193,017 177,643
Net current assets 283,852 126,460
Total assets less current liabilities 386,996 223,531

Creditors
Amounts falling due after more than one year 9 (21,653 ) -

Provisions for liabilities 10 (4,653 ) (3,499 )
Net assets 360,690 220,032

Capital and reserves
Called up share capital 11 100 100
Retained earnings 12 360,590 219,932
Shareholders' funds 360,690 220,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mr S G Carter - Director


SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

Scis UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Straight line over 3 years
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


2. Accounting policies - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 5 (2022 - 4 ) .

4. Intangible fixed assets
Computer
Goodwill software Totals
£ £ £
Cost
At 1 March 2022
and 28 February 2023 6,028 8,000 14,028
Amortisation
At 1 March 2022
and 28 February 2023 6,028 8,000 14,028
Net book value
At 28 February 2023 - - -
At 28 February 2022 - - -

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


5. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 March 2022 83,307 9,216 1,886 41,774 136,183
Additions - - - 13,300 13,300
At 28 February 2023 83,307 9,216 1,886 55,074 149,483
Depreciation
At 1 March 2022 4,653 9,049 1,886 23,524 39,112
Charge for year - 83 - 7,144 7,227
At 28 February 2023 4,653 9,132 1,886 30,668 46,339
Net book value
At 28 February 2023 78,654 84 - 24,406 103,144
At 28 February 2022 78,654 167 - 18,250 97,071

The net book value of tangible fixed assets includes £NIL in respect of assets held under hire purchase contracts or finance leases.

6. Stocks
2023 2022
£ £
Stocks 35,000 22,000
Work-in-progress 21,500 19,000
56,500 41,000

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 211,368 159,838

8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 92,328 60,826
Taxation and social security 53,875 38,413
Other creditors 46,814 78,404
193,017 177,643

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 21,653 -

10. Provisions for liabilities
2023 2022
£ £
Deferred tax 4,653 3,499

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


10. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 March 2022 3,499
Charge to Income Statement during year 1,154
Balance at 28 February 2023 4,653

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

12. Reserves
Retained
earnings
£

At 1 March 2022 219,932
Profit for the year 150,658
Dividends (10,000 )
At 28 February 2023 360,590

13. Related party disclosures

Mr S G Carter
Director


During the year £16,000 was introduced into the company (2022 £18,000). The Director was repaid £8,043 (2022 £2,370). At the year end the Company owed the Director £32,096 (2022 £24,139 to Director).

SCIS UK(Property) Limited

A company in which Mr Carter is a shareholder


During the year, SCIS UK Limited paid expenses on behalf of SCIS UK (Property) Limited totalling £525 (2022 - £102,577). Of which, £NIL was repaid before the year end.

SCIS UK Limited has also entered an agreement where it is the guarantor for the mortgage taken out by SCIS UK (Property) Limited.

14. Ultimate controlling party

The controlling party is Mr S G Carter.