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REGISTERED NUMBER: 07804221 (England and Wales)















Audited Financial Statements for the Year Ended 31 March 2023

for

SCRUMCONNECT LIMITED

SCRUMCONNECT LIMITED (Registered number: 07804221)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCRUMCONNECT LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs Shilpa Kaluti
Mr Praveen Karadiguddi





REGISTERED OFFICE: FRASER HOUSE, 56 KINGSTON ROAD
STAINES UPON THAMES
MIDDLESEX, ENGLAND
TW18 4LN





REGISTERED NUMBER: 07804221 (England and Wales)





AUDITORS: Brayan and Spencer Associates Limited
25 Leeming Road
Borehamwood
WD6 4EB

SCRUMCONNECT LIMITED (Registered number: 07804221)

Balance Sheet
31 March 2023

31.3.23 31.3.22
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,901 19,812

CURRENT ASSETS
Debtors 5 12,690,324 9,694,533
Cash at bank 54,161 365,433
12,744,485 10,059,966
CREDITORS
Amounts falling due within one year 6 3,709,777 4,099,892
NET CURRENT ASSETS 9,034,708 5,960,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,144,609

5,979,886

CREDITORS
Amounts falling due after more than one year 7 - 118,573
NET ASSETS 9,144,609 5,861,313

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,144,607 5,861,311
9,144,609 5,861,313

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 5 January 2024 and were signed on its behalf by:





Mr Praveen Karadiguddi - Director


SCRUMCONNECT LIMITED (Registered number: 07804221)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

SCRUMCONNECT 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 31 (2022 - 28 ) .

SCRUMCONNECT LIMITED (Registered number: 07804221)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 40,388
Additions 126,723
At 31 March 2023 167,111
DEPRECIATION
At 1 April 2022 20,576
Charge for year 36,634
At 31 March 2023 57,210
NET BOOK VALUE
At 31 March 2023 109,901
At 31 March 2022 19,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
(Unaudited)
£    £   
Trade debtors 3,746,540 2,506,849
Other debtors 8,943,784 7,187,684
12,690,324 9,694,533

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
(Unaudited)
£    £   
Trade creditors 1,382,124 1,917,940
Taxation and social security 1,877,033 2,042,893
Other creditors 450,620 139,059
3,709,777 4,099,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
(Unaudited)
£    £   
Other creditors - 118,573

SCRUMCONNECT LIMITED (Registered number: 07804221)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Patanjali Sharma (Senior Statutory Auditor)
for and on behalf of Brayan and Spencer Associates Limited

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,060,500 (2022 - £100,000) were paid to the directors .

Included within Other debtors, following amounts are due from related party companies, companies that are related by a way of common directors.

Arnik Investment LTD - £ 6,183,000
Arnik Swan Court LTD - £ 1,842,000
PNS Development - £ 150,000

Included within Other creditors, following amounts are due to related party at year end.

Sankby Investment - £ 27,800
Arnik LTD - £ 12,189

Following amounts are due to directors of the company at year end.

Pravin Karadiguddi - £ 154,171
Shilpa Kaluti - £79,263

The amount is repayable on demand and attracts no interest.

10. POST BALANCE SHEET EVENTS

The company has taken CBILS Loans of £170,000 on 02/09/2020. At year end, £119,016.69 was outstanding, however company has repaid all of the outstanding loan including interest on 02/05/2023.

11. ULTIMATE CONTROLLING PARTY

The immediate parent of the company and ultimate controlling party is ARNIK Limited. The annual accounts for ARNIK Limited are available from its registered office at Fraser House, 56 Kingston road, Staines-upon-Thames, TW18 4NL.