Registered number
09863698
Scansys UK Limited
Filleted Accounts
31 December 2023
Scansys UK Limited
Registered number: 09863698
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 42,133 54,716
Current assets
Stocks 24,851 30,393
Debtors 4 67,257 103,148
Cash at bank and in hand 210,233 139,856
302,341 273,397
Creditors: amounts falling due within one year 5 (60,092) (74,812)
Net current assets 242,249 198,585
Net assets 284,382 253,301
Capital and reserves
Called up share capital 100 100
Profit and loss account 284,282 253,201
Shareholders' funds 284,382 253,301
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 members have 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.
Robert Guy Milson
Director
Approved by the board on 11 April 2024
Scansys UK Limited
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 over 3 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 9,907 87,612 97,519
Additions 2,699 - 2,699
At 31 December 2023 12,606 87,612 100,218
Depreciation
At 1 January 2023 7,843 34,960 42,803
Charge for the year 2,119 13,163 15,282
At 31 December 2023 9,962 48,123 58,085
Net book value
At 31 December 2023 2,644 39,489 42,133
At 31 December 2022 2,064 52,652 54,716
4 Debtors 2023 2022
£ £
Trade debtors 67,257 103,148
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 16,753
Trade creditors 20,006 21,228
Taxation and social security costs 32,607 23,110
Other creditors 7,479 13,721
60,092 74,812
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Robert Guy Milson
[Loan 1] - 9,900 - 9,900
- 9,900 - 9,900
7 Related party transactions
As at 31st December 2023, the director owed the company £9,900. This has since been repaid in full after the year end.
8 Other information
Scansys UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Knaresborough Technology Park
Manse Lane
Knaresborough
North Yorkshire
HG5 8LF
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