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REGISTERED NUMBER: 14743895 (England and Wales)















Financial Statements for the Period 20 March 2023 to 31 December 2023

for

SCS Concept Group UK Ltd

SCS Concept Group UK Ltd (Registered number: 14743895)






Contents of the Financial Statements
for the Period 20 March 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCS Concept Group UK Ltd

Company Information
for the Period 20 March 2023 to 31 December 2023







DIRECTORS: F Alabidi
E Meletti
C G Tinti





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 14743895 (England and Wales)





AUDITORS: Morley & Co (UK) Ltd
Statutory Auditor, Chartered Certified Accountants
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

SCS Concept Group UK Ltd (Registered number: 14743895)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 4,137

CURRENT ASSETS
Stocks 1,567
Debtors 5 32,907
Cash at bank 10,187
44,661
CREDITORS
Amounts falling due within one year 6 9,752
NET CURRENT ASSETS 34,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,046

CREDITORS
Amounts falling due after more than one
year

7

(30,750

)

PROVISIONS FOR LIABILITIES (285 )
NET ASSETS 8,011

CAPITAL AND RESERVES
Called up share capital 10,000
Retained earnings (1,989 )
8,011

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 6 August 2024 and were signed on its behalf by:




F Alabidi - Director


SCS Concept Group UK Ltd (Registered number: 14743895)

Notes to the Financial Statements
for the Period 20 March 2023 to 31 December 2023

1. STATUTORY INFORMATION

SCS Concept Group UK 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 10 years
Plant and machinery etc - 25% on cost

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 period 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 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 period 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.

SCS Concept Group UK Ltd (Registered number: 14743895)

Notes to the Financial Statements - continued
for the Period 20 March 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 3,204 1,166 4,370
At 31 December 2023 3,204 1,166 4,370
DEPRECIATION
Charge for period 160 73 233
At 31 December 2023 160 73 233
NET BOOK VALUE
At 31 December 2023 3,044 1,093 4,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 21,848
Other debtors 11,059
32,907

SCS Concept Group UK Ltd (Registered number: 14743895)

Notes to the Financial Statements - continued
for the Period 20 March 2023 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,723
Other creditors 8,029
9,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 30,750

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul King (Senior Statutory Auditor)
for and on behalf of Morley & Co (UK) Ltd

9. ULTIMATE PARENT COMPANY

The ultimate holding company is SCS Concept Group S.R.L, accounts of which can be obtained from the registered office of SCS Concept Group S.R.L at Via Manfredo Camperio 9 Cap, Milan, Italy, 20123. As the company is a 100% owned subsidiary of SCS Concept Group S.R.L, in accordance with the exemption available within FRS102, it is not required to disclose its related party transactions with group members as such details are available from the parent company's financial statements.