2 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10805748 2023-07-01 2024-06-30 10805748 2024-06-30 10805748 2023-06-30 10805748 2022-07-01 2023-06-30 10805748 2023-06-30 10805748 2022-06-30 10805748 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 10805748 core:OnerousContractsExcludingVacantProperties 2023-07-01 2024-06-30 10805748 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10805748 bus:Director1 2023-07-01 2024-06-30 10805748 core:FurnitureFittingsToolsEquipment 2023-06-30 10805748 core:FurnitureFittingsToolsEquipment 2024-06-30 10805748 core:WithinOneYear 2024-06-30 10805748 core:WithinOneYear 2023-06-30 10805748 core:ShareCapital 2024-06-30 10805748 core:ShareCapital 2023-06-30 10805748 core:RetainedEarningsAccumulatedLosses 2024-06-30 10805748 core:RetainedEarningsAccumulatedLosses 2023-06-30 10805748 bus:OrdinaryShareClass1 core:ShareCapital 2024-06-30 10805748 bus:OrdinaryShareClass1 core:ShareCapital 2023-06-30 10805748 bus:SmallEntities 2023-07-01 2024-06-30 10805748 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10805748 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10805748 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10805748 bus:FullAccounts 2023-07-01 2024-06-30 10805748 core:ComputerEquipment 2023-07-01 2024-06-30 10805748 core:ComputerEquipment 2024-06-30 10805748 core:ComputerEquipment 2023-06-30
Company registration number: 10805748
SCT Technology Ltd
Unaudited filleted financial statements
30 June 2024
SCT Technology Ltd
Contents
Accountants report
Statement of financial position
Notes to the financial statements
SCT Technology Ltd
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 3 103,230 115,960
_______ _______
103,230 115,960
Current assets
Debtors 4 37,916 117,731
Cash at bank and in hand 134,498 29,001
_______ _______
172,414 146,732
Creditors: amounts falling due
within one year 5 ( 215,822) ( 194,421)
_______ _______
Net current liabilities ( 43,408) ( 47,689)
_______ _______
Total assets less current liabilities 59,822 68,271
Provisions for liabilities ( 25,808) ( 29,016)
_______ _______
Net assets 34,014 39,255
_______ _______
Capital and reserves
Called up share capital 6 2 2
Profit and loss account 34,012 39,253
_______ _______
Shareholders funds 34,014 39,255
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2024 , and are signed on behalf of the board by:
Mr Eric Gill
Director
Company registration number: 10805748
SCT Technology Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
SCT Technology Ltd (Company number 10805748 ) is a private company limited by shares, registered in England & Wales. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
Computer equipment and software - 10 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 2 (2023: 2).
3. Tangible assets
Fixtures, fittings and equipment Computer equipment and software Total
£ £ £
Cost
At 1 July 2023 and 30 June 2024 1,277 173,948 175,225
_______ _______ _______
Depreciation
At 1 July 2023 1,277 57,988 59,265
Charge for the year - 12,730 12,730
_______ _______ _______
At 30 June 2024 1,277 70,718 71,995
_______ _______ _______
Carrying amount
At 30 June 2024 - 103,230 103,230
_______ _______ _______
At 30 June 2023 - 115,960 115,960
_______ _______ _______
4. Debtors
2024 2023
£ £
Trade debtors 37,916 117,015
Other debtors - 716
_______ _______
37,916 117,731
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 4,383 9,917
Social security and other taxes 377 208
Other creditors 211,062 184,296
_______ _______
215,822 194,421
_______ _______
6. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______