REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 March 2023 |
for |
SCRUMCONNECT LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
SCRUMCONNECT LIMITED (Registered number: 07804221) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
SCRUMCONNECT LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
(Unaudited) |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
(Unaudited) |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
(Unaudited) |
£ | £ |
Other creditors |
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. |
for and on behalf of |
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. |