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REGISTERED NUMBER: 13296468 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Scintam Engineering Ltd

Scintam Engineering Ltd (Registered number: 13296468)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scintam Engineering Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Catchpole-Smith
Professor A T Clare
G E Shaw





SECRETARY:





REGISTERED OFFICE: 4 Stamford Court
Nottingham
NG5 5LZ





REGISTERED NUMBER: 13296468 (England and Wales)





ACCOUNTANTS: Trend Accountants Ltd
4 Edison Village
Highfield Science Park
Nottingham
NG72RF

Scintam Engineering Ltd (Registered number: 13296468)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,734 7,500
Tangible assets 5 10,647 14,415
24,381 21,915

CURRENT ASSETS
Stocks 15,473 -
Debtors 6 72,080 40,670
Cash at bank 313,868 178,706
401,421 219,376
CREDITORS
Amounts falling due within one year 7 (27,340 ) (26,861 )
NET CURRENT ASSETS 428,761 246,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,142

268,152

CREDITORS
Amounts falling due after more than
one year

8

100,000

100,000
NET ASSETS 353,142 168,152

CAPITAL AND RESERVES
Called up share capital 1,774 1,464
Share premium 634,227 324,537
Retained earnings (282,859 ) (157,849 )
353,142 168,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Scintam Engineering Ltd (Registered number: 13296468)

Balance Sheet - continued
31 March 2024


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 31 July 2024 and were signed on its behalf by:





S Catchpole-Smith - Director


Scintam Engineering Ltd (Registered number: 13296468)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Scintam Engineering Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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 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.


Scintam Engineering Ltd (Registered number: 13296468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

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 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 7,500
Additions 6,600
At 31 March 2024 14,100
AMORTISATION
Charge for year 366
At 31 March 2024 366
NET BOOK VALUE
At 31 March 2024 13,734
At 31 March 2023 7,500

Scintam Engineering Ltd (Registered number: 13296468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 20,428
Additions 1,598
At 31 March 2024 22,026
DEPRECIATION
At 1 April 2023 6,013
Charge for year 5,366
At 31 March 2024 11,379
NET BOOK VALUE
At 31 March 2024 10,647
At 31 March 2023 14,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 47,244 -
Other debtors 24,836 40,670
72,080 40,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 53,539 23,049
Taxation and social security (82,073 ) (65,180 )
Other creditors 1,194 15,270
(27,340 ) (26,861 )

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 100,000 100,000