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REGISTERED NUMBER: 08665252 (England and Wales)


















SCALAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






SCALAR LIMITED (REGISTERED NUMBER: 08665252)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCALAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: J Rayner





REGISTERED OFFICE: Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
CF23 8RS





REGISTERED NUMBER: 08665252 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

SCALAR LIMITED (REGISTERED NUMBER: 08665252)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,293 8,425

CURRENT ASSETS
Debtors 5 122,076 134,337
Cash at bank 47,965 89,186
170,041 223,523
CREDITORS
Amounts falling due within one year 6 (68,947 ) (70,926 )
NET CURRENT ASSETS 101,094 152,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,387

161,022

PROVISIONS FOR LIABILITIES (2,073 ) (2,074 )
NET ASSETS 107,314 158,948

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 107,214 158,848
SHAREHOLDERS' FUNDS 107,314 158,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





J Rayner - Director


SCALAR LIMITED (REGISTERED NUMBER: 08665252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Scalar 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These Policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts billed and billable in respect of construction focused management consultancy services provided during the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 25% on cost
Computer equipment - 25% on cost

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the period and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fees to be billed
Services provided to clients, which at the balance sheet date have not been billed, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the date as a proportion of the total value of the engagement.

Basic financial instruments
Basic financial instruments are recognised at amortised cost.

SCALAR LIMITED (REGISTERED NUMBER: 08665252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Fittings equipment Totals
£    £    £   
COST
At 1 August 2022 999 13,112 14,111
Additions 2,148 1,722 3,870
Disposals - (399 ) (399 )
At 31 July 2023 3,147 14,435 17,582
DEPRECIATION
At 1 August 2022 269 5,417 5,686
Charge for year 608 3,386 3,994
Eliminated on disposal - (391 ) (391 )
At 31 July 2023 877 8,412 9,289
NET BOOK VALUE
At 31 July 2023 2,270 6,023 8,293
At 31 July 2022 730 7,695 8,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,258 35,521
Unbilled work 32,200 90,047
Amounts owed by related parties 11,086 8,128
Other debtors - 641
Social security and other tax 1,532 -
122,076 134,337

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 47,260 59,394
Social security and other taxes - 300
VAT 19,224 8,629
Other creditors 705 234
Director's current account 34 204
Accruals and deferred income 1,724 2,165
68,947 70,926

7. CALLED UP SHARE CAPITAL

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

SCALAR LIMITED (REGISTERED NUMBER: 08665252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. COMMITMENTS

At the balance sheet date the company had commitments under operating lease agreements totalling £2,997 (2022: £12,987).