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REGISTERED NUMBER: 02826995 (England and Wales)














Financial Statements

for the Year Ended 30 November 2023

for

Scan Mobility Limited

Scan Mobility Limited (Registered number: 02826995)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scan Mobility Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: E J Sands
Mrs A L Forshaw





REGISTERED OFFICE: 222 Moss Lane
Hesketh Bank
Preston
Lancashire
PR4 6AE





REGISTERED NUMBER: 02826995 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP

Scan Mobility Limited (Registered number: 02826995)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,899 68,658

CURRENT ASSETS
Stocks 5 314,935 258,898
Debtors 6 637,556 514,197
Cash at bank and in hand 76,110 79,906
1,028,601 853,001
CREDITORS
Amounts falling due within one year 7 418,021 372,767
NET CURRENT ASSETS 610,580 480,234
TOTAL ASSETS LESS CURRENT LIABILITIES 688,479 548,892

CREDITORS
Amounts falling due after more than one year 8 (95,711 ) (94,662 )

PROVISIONS FOR LIABILITIES (13,308 ) (7,895 )
NET ASSETS 579,460 446,335

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 579,360 446,235
SHAREHOLDERS' FUNDS 579,460 446,335

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Scan Mobility Limited (Registered number: 02826995)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





E J Sands - Director


Scan Mobility Limited (Registered number: 02826995)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Scan Mobility 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 represents the fair value of sales made to customers, less returns and VAT. Revenue is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold Property 2% Straight line
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Motor Vehicles 25% Reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Scan Mobility Limited (Registered number: 02826995)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 41,552 42,270 143,363 227,185
Additions - - 59,433 59,433
Disposals (21,250 ) - (23,165 ) (44,415 )
At 30 November 2023 20,302 42,270 179,631 242,203
DEPRECIATION
At 1 December 2022 17,204 40,989 100,334 158,527
Charge for year 3,181 321 24,377 27,879
Eliminated on disposal (3,403 ) - (18,699 ) (22,102 )
At 30 November 2023 16,982 41,310 106,012 164,304
NET BOOK VALUE
At 30 November 2023 3,320 960 73,619 77,899
At 30 November 2022 24,348 1,281 43,029 68,658

Scan Mobility Limited (Registered number: 02826995)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 25,940 89,897 115,837
Additions - 59,433 59,433
Transfer to ownership (25,940 ) (46,330 ) (72,270 )
At 30 November 2023 - 103,000 103,000
DEPRECIATION
At 1 December 2022 1,328 32,446 33,774
Charge for year - 20,257 20,257
Transfer to ownership (1,328 ) (15,338 ) (16,666 )
At 30 November 2023 - 37,365 37,365
NET BOOK VALUE
At 30 November 2023 - 65,635 65,635
At 30 November 2022 24,612 57,451 82,063

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 314,935 258,898

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 334,576 184,181
Amounts recoverable on contract 6,300 13,198
Other debtors 296,680 316,818
637,556 514,197

Scan Mobility Limited (Registered number: 02826995)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 75,725 58,606
Other loans 10,761 9,645
Hire purchase contracts 17,482 13,482
Trade creditors 52,372 198,977
RBS Invoice Finance 131,768 41,258
Tax 60,260 903
Social security and other taxes 5,334 4,768
VAT 35,275 25,157
Other creditors 24,641 15,752
Accrued expenses 4,403 4,219
418,021 372,767

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 10,379 10,119
Bank loans - 2-5 years 5,117 15,661
Other loans - 1-2 years 12,006 10,761
Other loans 2-5 years 8,766 20,772
Hire purchase contracts 59,443 37,349
95,711 94,662

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 25,619 35,650
Other loans 22,767 20,406
Hire purchase contracts 76,925 50,831
125,311 106,887

HSBC bank holds a fixed and floating charge over the company's assets.

Royal Bank of Scotland Invoice Finance Limited secured by way of a fixed and floating charge over the company's assets.

Assets held under hire purchase contracts are secured upon the assets to which the hire contract agreements relate.

The Coronavirus "Bounce Back" loan is secured by HM Government

Scan Mobility Limited (Registered number: 02826995)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
E J Sands
Balance outstanding at start of year 159,512 153,329
Amounts advanced 145,395 6,183
Amounts repaid (131,230 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 173,677 159,512

The above advances were provided to the directors interest free. There are no conditions attached. The amounts are repayable on demand.