Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr S Fidler 01/02/2011 Mr D R Sams 01/02/2011 Mr J T Sams 01/02/2011 Mr R P Sams 01/02/2011 Mrs S Sams 27/03/2023 Mr T J Sams 27/03/2023 Mr M R Shaw 01/02/2011 Mr M R Shaw 28 November 2023 The principal activity of the company is that of designing, manufacturing and marketing of electronic products. 01766062 2023-03-31 01766062 bus:Director1 2023-03-31 01766062 bus:Director2 2023-03-31 01766062 bus:Director3 2023-03-31 01766062 bus:Director4 2023-03-31 01766062 bus:Director5 2023-03-31 01766062 bus:Director6 2023-03-31 01766062 bus:Director7 2023-03-31 01766062 2022-03-31 01766062 core:CurrentFinancialInstruments 2023-03-31 01766062 core:CurrentFinancialInstruments 2022-03-31 01766062 core:ShareCapital 2023-03-31 01766062 core:ShareCapital 2022-03-31 01766062 core:RetainedEarningsAccumulatedLosses 2023-03-31 01766062 core:RetainedEarningsAccumulatedLosses 2022-03-31 01766062 core:LandBuildings 2022-03-31 01766062 core:PlantMachinery 2022-03-31 01766062 core:ComputerEquipment 2022-03-31 01766062 core:LandBuildings 2023-03-31 01766062 core:PlantMachinery 2023-03-31 01766062 core:ComputerEquipment 2023-03-31 01766062 bus:OrdinaryShareClass1 2023-03-31 01766062 2022-04-01 2023-03-31 01766062 bus:FullAccounts 2022-04-01 2023-03-31 01766062 bus:SmallEntities 2022-04-01 2023-03-31 01766062 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01766062 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01766062 bus:Director1 2022-04-01 2023-03-31 01766062 bus:Director2 2022-04-01 2023-03-31 01766062 bus:Director3 2022-04-01 2023-03-31 01766062 bus:Director4 2022-04-01 2023-03-31 01766062 bus:Director5 2022-04-01 2023-03-31 01766062 bus:Director6 2022-04-01 2023-03-31 01766062 bus:Director7 2022-04-01 2023-03-31 01766062 bus:CompanySecretary1 2022-04-01 2023-03-31 01766062 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 01766062 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 01766062 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 01766062 2021-04-01 2022-03-31 01766062 core:LandBuildings 2022-04-01 2023-03-31 01766062 core:PlantMachinery 2022-04-01 2023-03-31 01766062 core:ComputerEquipment 2022-04-01 2023-03-31 01766062 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 01766062 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01766062 (England and Wales)

SCOPE COMMUNICATIONS UK LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

SCOPE COMMUNICATIONS UK LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

SCOPE COMMUNICATIONS UK LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
SCOPE COMMUNICATIONS UK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr S Fidler
Mr D R Sams
Mr J T Sams
Mr R P Sams
Mrs S Sams
Mr T J Sams
Mr M R Shaw
SECRETARY Mr M R Shaw
REGISTERED OFFICE Quantum House
Steamer Quay
Totnes
TQ9 5AL
United Kingdom
COMPANY NUMBER 01766062 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
SCOPE COMMUNICATIONS UK LIMITED

BALANCE SHEET

As at 31 March 2023
SCOPE COMMUNICATIONS UK LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,094,072 1,101,943
1,094,072 1,101,943
Current assets
Stocks 1,066,237 956,094
Debtors 4 417,673 345,990
Cash at bank and in hand 1,097,831 1,210,830
2,581,741 2,512,914
Creditors: amounts falling due within one year 5 ( 1,692,479) ( 2,138,347)
Net current assets 889,262 374,567
Total assets less current liabilities 1,983,334 1,476,510
Provision for liabilities ( 4,800) ( 2,900)
Net assets 1,978,534 1,473,610
Capital and reserves
Called-up share capital 6 4,130 4,130
Profit and loss account 1,974,404 1,469,480
Total shareholders' funds 1,978,534 1,473,610

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Scope Communications UK Limited (registered number: 01766062) were approved and authorised for issue by the Board of Directors on 28 November 2023. They were signed on its behalf by:

Mr S Fidler
Director
SCOPE COMMUNICATIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
SCOPE COMMUNICATIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Scope Communications UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.
The address of the Company's registered office is:
Quantum House
Steamer Quay
Totnes
Devon
TQ9 5AL
United Kingdom

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

In the opinion of the directors , the company has sufficient working capital within existing facilities to continue to trade for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.

Foreign currency

Transaction in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and retained Earnings except when deferred in Other Comprehensive Income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Income and retained Earnings within 'other operating income'.

Turnover

Turnover comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measures;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal on constructive obligation to pay further contributions even if the find does not hold sufficient assets to pay all employee benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution sue for service, the excess is recognised as a prepayment.

Taxation

Current tax
Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted of substantively enacted by the reporting date in the countries where the company operates and generated taxable income.

Deferred tax
Deferred tax is recognised on tall timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

Tangible fixed assets

Tangible assets are stated in the balance sheet at costs, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The costs of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives as follows:

Land and buildings 50 years straight line
Plant and machinery 6 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals paid under operating leases are charged to the Satetemnt of Income and retained Earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

the company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered to before the date of transition to the standard on 1 April 2016 to continue to be charged over the period to the first market rent review rather than the term of the lease.

Stocks

Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The costs of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Grant income is accounted for using the accruals method. Revenue grants are recognised on a systematic basis over the periods to which the costs to which the grants relate are recognised. Capital grants are recognised over the useful life of the related asset on the same basis as depreciation is charges.

Provisions

Provisions are made where an event has been taken place that gives the company a legal or constructive obligation that probably requires settlement be a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charges as an expense to the Statement of Income and retained Earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, t hey are charged to the provision carried in the Statement of Financial Position.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 17 19

3. Tangible assets

Land and buildings Plant and machinery Computer equipment Total
£ £ £ £
Cost
At 01 April 2022 1,167,160 248,796 140,346 1,556,302
Additions 0 7,246 6,578 13,824
At 31 March 2023 1,167,160 256,042 146,924 1,570,126
Accumulated depreciation
At 01 April 2022 79,215 241,518 133,626 454,359
Charge for the financial year 15,843 3,501 2,351 21,695
At 31 March 2023 95,058 245,019 135,977 476,054
Net book value
At 31 March 2023 1,072,102 11,023 10,947 1,094,072
At 31 March 2022 1,087,945 7,278 6,720 1,101,943

4. Debtors

2023 2022
£ £
Trade debtors 380,005 315,563
Prepayments 37,668 30,427
417,673 345,990

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 64,432 20,394
Accruals 206,163 166,603
Taxation and social security 217,752 147,600
Other creditors 1,204,132 1,803,750
1,692,479 2,138,347

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
4,130 Ordinary shares of £ 1.00 each 4,130 4,130