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REGISTERED NUMBER: 07289761











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Scanman UK Limited

Scanman UK Limited (Registered number: 07289761)






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


Scanman UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P Scanlon





REGISTERED OFFICE: Unit 8
Raleigh Court
Middlesbrough
TS2 1RR





REGISTERED NUMBER: 07289761





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
7 Eggleston Court
Riverside Park
Middlesbrough
TS2 1RU

Scanman UK Limited (Registered number: 07289761)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,945,101 1,339,804

CURRENT ASSETS
Stocks 561,697 774,811
Debtors 5 919,614 795,316
Cash at bank and in hand 468,316 338,313
1,949,627 1,908,440
CREDITORS
Amounts falling due within one year 6 1,791,261 1,459,038
NET CURRENT ASSETS 158,366 449,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,103,467

1,789,206

CREDITORS
Amounts falling due after more than one
year

7

566,372

328,180
NET ASSETS 1,537,095 1,461,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,536,995 1,460,926
SHAREHOLDERS' FUNDS 1,537,095 1,461,026

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 director acknowledges his 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.

Scanman UK Limited (Registered number: 07289761)

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 director and authorised for issue on 25 September 2024 and were signed by:





P Scanlon - Director


Scanman UK Limited (Registered number: 07289761)

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

1. STATUTORY INFORMATION

Scanman UK Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 15% on reducing balance
Fixtures, fittings, tools and equipment - 15% on reducing balance
Motor vehicles - 25% 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.

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 year 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.

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.

Scanman UK Limited (Registered number: 07289761)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings,
Plant and tools and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,579,893 304,078 56,713 1,940,684
Additions 719,836 53,742 35,500 809,078
At 31 December 2023 2,299,729 357,820 92,213 2,749,762
DEPRECIATION
At 1 January 2023 527,438 53,124 20,318 600,880
Charge for year 155,953 39,705 8,123 203,781
At 31 December 2023 683,391 92,829 28,441 804,661
NET BOOK VALUE
At 31 December 2023 1,616,338 264,991 63,772 1,945,101
At 31 December 2022 1,052,455 250,954 36,395 1,339,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 882,243 767,451
Other debtors 37,371 27,865
919,614 795,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 279,809 193,189
Trade creditors 1,392,833 1,166,166
Taxation and social security 44,855 35,525
Other creditors 73,764 64,158
1,791,261 1,459,038

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 566,372 328,180