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REGISTERED NUMBER: 02532766 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 September 2023

for

Scenex Limited

Scenex Limited (Registered number: 02532766)






Contents of the Financial Statements
For The Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scenex Limited

Company Information
For The Year Ended 30 September 2023







DIRECTORS: W L Melling
A F Ivey





SECRETARY: W L Melling





REGISTERED OFFICE: 90 High Street
Sandhurst
Berkshire
GU47 8EE





REGISTERED NUMBER: 02532766 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Scenex Limited (Registered number: 02532766)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,527 2,440
Investment property 5 212,500 212,500
288,027 214,940

CURRENT ASSETS
Stocks 5,318 7,272
Debtors 6 53,586 186,792
Cash at bank and in hand 1,781,331 1,568,938
1,840,235 1,763,002
CREDITORS
Amounts falling due within one year 7 252,847 322,442
NET CURRENT ASSETS 1,587,388 1,440,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,875,415

1,655,500

PROVISIONS FOR LIABILITIES 27,625 13,275
NET ASSETS 1,847,790 1,642,225

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,846,790 1,641,225
SHAREHOLDERS' FUNDS 1,847,790 1,642,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Scenex Limited (Registered number: 02532766)

Balance Sheet - continued
30 September 2023


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 12 March 2024 and were signed on its behalf by:




W L Melling - Director



A F Ivey - Director


Scenex Limited (Registered number: 02532766)

Notes to the Financial Statements
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

Scenex 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.Turnover is reduced for estimated customer returns, rebates and other similar allowances.Turnover from the sale of goods and services are recognised when goods and services are delivered and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Office & Computer Equipment - 15% on cost

Investment property
Investment property is initially measured at cost when purchased. Thereafter it is shown at most recent valuation as determined by available market information. Any aggregate surplus or deficit arising from charges in fair value is recognised in the income statement and retained earnings carried forward.

Stocks
Stock are stated at the lower of cost and estimated selling price less cost to complete sale.

Financial instruments
Other than investment property (see above) the Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their market valuation at the balance sheet date.

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.


Scenex Limited (Registered number: 02532766)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Scenex Limited (Registered number: 02532766)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures Office &
Plant and and Motor Computer
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 45,476 11,353 35,915 8,553 101,297
Additions 18,949 - 76,613 - 95,562
Disposals - - (12,570 ) - (12,570 )
At 30 September 2023 64,425 11,353 99,958 8,553 184,289
DEPRECIATION
At 1 October 2022 43,036 11,353 35,915 8,553 98,857
Charge for year 3,322 - 19,153 - 22,475
Eliminated on disposal - - (12,570 ) - (12,570 )
At 30 September 2023 46,358 11,353 42,498 8,553 108,762
NET BOOK VALUE
At 30 September 2023 18,067 - 57,460 - 75,527
At 30 September 2022 2,440 - - - 2,440

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 212,500
NET BOOK VALUE
At 30 September 2023 212,500
At 30 September 2022 212,500

Fair value at 30 September 2023 is represented by:
£   
Cost 212,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 21,013 179,589
VAT 28,772 3,502
Prepayments 3,801 3,701
53,586 186,792

Scenex Limited (Registered number: 02532766)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 66,285 251,322
Corporation tax 133,683 20,916
Social security and other taxes 6,004 4,515
Other creditors - 58
Accrued expenses 46,875 45,631
252,847 322,442