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Company Registration No. 03265708 (England and Wales)
Sceptre Networking Limited Unaudited accounts for the year ended 30 June 2024
Sceptre Networking Limited Unaudited accounts Contents
Page
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Sceptre Networking Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
389,861 
275,847 
Current assets
Inventories
16,833 
30,596 
Debtors
494,179 
343,980 
Cash at bank and in hand
496,250 
428,178 
1,007,262 
802,754 
Creditors: amounts falling due within one year
(523,676)
(614,139)
Net current assets
483,586 
188,615 
Total assets less current liabilities
873,447 
464,462 
Creditors: amounts falling due after more than one year
- 
(5,950)
Provisions for liabilities
Deferred tax
(38,185)
(14,688)
Net assets
835,262 
443,824 
Capital and reserves
Called up share capital
354 
354 
Share premium
27,980 
27,980 
Profit and loss account
806,928 
415,490 
Shareholders' funds
835,262 
443,824 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
D A Benning Director Company Registration No. 03265708
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Sceptre Networking Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Sceptre Networking Limited is a private company, limited by shares, registered in England and Wales, registration number 03265708. The registered office is 16 Canvin Court, Somerton Business Park, Somerton, Somerset, TA11 6SB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
50% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Sceptre Networking Limited Notes to the Accounts for the year ended 30 June 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
217,095 
93,270 
141,653 
20,287 
60,492 
532,797 
Additions
20,025 
21,780 
79,570 
18,248 
923 
140,546 
Disposals
- 
(4,299)
- 
- 
- 
(4,299)
At 30 June 2024
237,120 
110,751 
221,223 
38,535 
61,415 
669,044 
Depreciation
At 1 July 2023
- 
85,300 
98,400 
20,287 
52,963 
256,950 
Charge for the year
- 
4,452 
17,190 
935 
3,955 
26,532 
On disposals
- 
(4,299)
- 
- 
- 
(4,299)
At 30 June 2024
- 
85,453 
115,590 
21,222 
56,918 
279,183 
Net book value
At 30 June 2024
237,120 
25,298 
105,633 
17,313 
4,497 
389,861 
At 30 June 2023
217,095 
7,970 
43,253 
- 
7,529 
275,847 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
15,704 
20,939 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
26,715 
16,479 
Trade debtors
448,233 
310,336 
Accrued income and prepayments
18,817 
16,751 
Other debtors
414 
414 
494,179 
343,980 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,930 
13,854 
Trade creditors
352,081 
551,846 
Taxes and social security
160,288 
31,572 
Other creditors
3,345 
4,364 
Accruals
2,032 
12,503 
523,676 
614,139 
The finance leases and hire purchase contracts are secured on the assets concerned.
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Sceptre Networking Limited Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
5,950 
The finance leases and hire purchase contracts are secured on the assets concerned.
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
14,656 
25,002 
9
Average number of employees
During the year the average number of employees was 28 (2023: 25).
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