Company registration number 11420330 (England and Wales)
SCANTECH DIGITAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
SCANTECH DIGITAL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SCANTECH DIGITAL LTD
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
2,481
3,308
Tangible assets
5
529
2,535
3,010
5,843
Current assets
Debtors
6
138,431
134,876
Cash at bank and in hand
74,059
145,644
212,490
280,520
Creditors: amounts falling due within one year
7
(107,139)
(201,939)
Net current assets
105,351
78,581
Total assets less current liabilities
108,361
84,424
Creditors: amounts falling due after more than one year
8
(17,875)
(26,455)
Net assets
90,486
57,969
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
90,386
57,869
Total equity
90,486
57,969
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
SCANTECH DIGITAL LTD
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 8 February 2024 and are signed on its behalf by:
Mr N H Cranfield
Director
Company registration number 11420330 (England and Wales)
SCANTECH DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information
Scantech Digital Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 321 Bradford Street, Birmingham, B5 6ET.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Intangible fixed assets other than goodwill
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.
Development costs
20% on cost
1.4
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.
Fixtures and fittings
33% on cost and 20% on cost
Computers
33% on cost
1.5
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 tax
Current or deferred taxation assets or 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.
SCANTECH DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
5
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
29,062
Adjustments in respect of prior periods
(51,433)
Total current tax
(51,433)
29,062
4
Intangible fixed assets
Other
£
Cost
At 1 July 2022 and 30 June 2023
4,135
Amortisation and impairment
At 1 July 2022
827
Amortisation charged for the year
827
At 30 June 2023
1,654
Carrying amount
At 30 June 2023
2,481
At 30 June 2022
3,308
SCANTECH DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 and 30 June 2023
15,052
Depreciation and impairment
At 1 July 2022
12,517
Depreciation charged in the year
2,006
At 30 June 2023
14,523
Carrying amount
At 30 June 2023
529
At 30 June 2022
2,535
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
106,820
132,626
Other debtors
31,611
2,250
138,431
134,876
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
8,580
8,580
Trade creditors
47,505
46,264
Taxation and social security
18,177
50,258
Other creditors
32,877
96,837
107,139
201,939
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
17,875
26,455
SCANTECH DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100