Registered number
08800117
Scantech Site Services Ltd
Filleted Accounts
31 December 2023
Scantech Site Services Ltd
Registered number: 08800117
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,238 20,717
Current assets
Debtors 4 7,684 42,889
Cash at bank and in hand 170,352 175,629
178,036 218,518
Creditors: amounts falling due within one year 5 (81,684) (80,992)
Net current assets 96,352 137,526
Total assets less current liabilities 119,590 158,243
Creditors: amounts falling due after more than one year 6 (15,902) (23,987)
Provisions for liabilities (4,369) (5,105)
Net assets 99,319 129,151
Capital and reserves
Called up share capital 1 1
Profit and loss account 99,318 129,150
Shareholder's funds 99,319 129,151
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Jones
Director
Approved by the board on 2 August 2024
Scantech Site Services Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% reducing balance
Computer equipment 33% straight line
Office equipment 20% straight line
Motor vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Office and computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 6,686 24,749 29,985 61,420
Additions - - 10,000 10,000
Disposals - - (5,995) (5,995)
At 31 December 2023 6,686 24,749 33,990 65,425
Depreciation
At 1 January 2023 4,769 23,975 11,959 40,703
Charge for the year 1,087 256 5,352 6,695
On disposals - - (5,211) (5,211)
At 31 December 2023 5,856 24,231 12,100 42,187
Net book value
At 31 December 2023 830 518 21,890 23,238
At 31 December 2022 1,917 774 18,026 20,717
4 Debtors 2023 2022
£ £
Trade debtors 5,954 40,350
Other debtors 1,730 2,539
7,684 42,889
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,391 7,998
Trade creditors 658 1,159
Taxation and social security costs 8,978 28,478
Other creditors 63,657 43,357
81,684 80,992
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,902 23,987
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 23,987 31,929
On 13 November 2020 the company received a Bounce Back Loan of £40,000 repayable over 6 years with an APR of 2.5% per annum. The first 12 months interest was met by the UK Government and repayments started on 13 December 2021.
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases - 3,388
9 Other information
Scantech Site Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o WIS-A4C Suite 16 Abbey House
25 Clarendon Road
Redhill
Surrey
RH1 1QZ
The principal place of business is:
33 Brockham Lane
Brockham
Betchworth
Surrey
RH3 7EJ
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