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REGISTERED NUMBER: 07388813 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Scientific Manufacturing Solution Ltd

Scientific Manufacturing Solution Ltd (Registered number: 07388813)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scientific Manufacturing Solution Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D R Kimber
C P Soubieski
K Sekkat





SECRETARY: Mrs L A Hindmarch- Sekkat





REGISTERED OFFICE: Oxford Engineering Ltd
6 Colwell Drive
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1AU





REGISTERED NUMBER: 07388813 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

Scientific Manufacturing Solution Ltd (Registered number: 07388813)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,420 174,092

CURRENT ASSETS
Stocks 5,128 5,128
Debtors 5 424,632 282,249
Cash at bank 12,434 7,157
442,194 294,534
CREDITORS
Amounts falling due within one year 6 379,351 203,052
NET CURRENT ASSETS 62,843 91,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,263

265,574

CREDITORS
Amounts falling due after more than one
year

7

152,520

112,305
NET ASSETS 174,743 153,269

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 174,740 153,266
SHAREHOLDERS' FUNDS 174,743 153,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Scientific Manufacturing Solution Ltd (Registered number: 07388813)

Balance Sheet - continued
31 December 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 3 September 2024 and were signed on its behalf by:




D R Kimber - Director



C P Soubieski - Director


Scientific Manufacturing Solution Ltd (Registered number: 07388813)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Scientific Manufacturing Solution 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 15% on 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 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.

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

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 14 (2022 - 13 ) .

Scientific Manufacturing Solution Ltd (Registered number: 07388813)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 721,717 2,167 69,004 792,888
Additions 138,034 - 459 138,493
At 31 December 2023 859,751 2,167 69,463 931,381
DEPRECIATION
At 1 January 2023 570,284 2,098 46,414 618,796
Charge for year 44,714 17 3,434 48,165
At 31 December 2023 614,998 2,115 49,848 666,961
NET BOOK VALUE
At 31 December 2023 244,753 52 19,615 264,420
At 31 December 2022 151,433 69 22,590 174,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 420,222 279,333
Other debtors 4,410 2,916
424,632 282,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,973 9,727
Hire purchase contracts (see note 8) 39,137 19,530
Trade creditors 233,385 116,373
Taxation and social security 90,467 50,764
Other creditors 6,389 6,658
379,351 203,052

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 21,592 31,567
Hire purchase contracts (see note 8) 123,428 73,238
Other creditors 7,500 7,500
152,520 112,305

Scientific Manufacturing Solution Ltd (Registered number: 07388813)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 39,137 19,530
Between one and five years 123,428 73,238
162,565 92,768

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 31,300 31,300
Between one and five years 125,200 125,200
In more than five years 99,117 130,417
255,617 286,917

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
3 Ordinary £1 shares £1 3 3