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REGISTERED NUMBER: 04364658 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

SCIS UK LIMITED

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCIS UK LIMITED

Company Information
for the year ended 29 February 2024







Directors: Mr S G Carter
Mrs P Carter
Mr M D Carter





Secretary: Mrs P Carter





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 04364658 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 101,682 103,144
101,682 103,144

Current assets
Stocks 6 59,000 56,500
Debtors 7 221,306 211,368
Cash at bank 327,895 209,001
608,201 476,869
Creditors
Amounts falling due within one year 8 183,671 193,017
Net current assets 424,530 283,852
Total assets less current liabilities 526,212 386,996

Creditors
Amounts falling due after more than one year 9 (12,430 ) (21,653 )

Provisions for liabilities 10 (5,640 ) (4,653 )
Net assets 508,142 360,690

Capital and reserves
Called up share capital 11 100 100
Retained earnings 12 508,042 360,590
Shareholders' funds 508,142 360,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Balance Sheet - continued
29 February 2024


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 13 November 2024 and were signed on its behalf by:





Mr S G Carter - Director


SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

Scis UK Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Straight line over 3 years
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


2. Accounting policies - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 6 (2023 - 5 ) .

4. Intangible fixed assets
Computer
Goodwill software Totals
£ £ £
Cost
At 1 March 2023
and 29 February 2024 6,028 8,000 14,028
Amortisation
At 1 March 2023
and 29 February 2024 6,028 8,000 14,028
Net book value
At 29 February 2024 - - -
At 28 February 2023 - - -

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


5. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 March 2023 83,307 9,216 1,886 55,074 149,483
Additions - - 6,414 - 6,414
At 29 February 2024 83,307 9,216 8,300 55,074 155,897
Depreciation
At 1 March 2023 4,653 9,132 1,886 30,668 46,339
Charge for year - 83 535 7,258 7,876
At 29 February 2024 4,653 9,215 2,421 37,926 54,215
Net book value
At 29 February 2024 78,654 1 5,879 17,148 101,682
At 28 February 2023 78,654 84 - 24,406 103,144

The net book value of tangible fixed assets includes £NIL in respect of assets held under hire purchase contracts or finance leases.

6. Stocks
2024 2023
£ £
Stocks 35,000 35,000
Work-in-progress 24,000 21,500
59,000 56,500

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 211,306 211,368
Other debtors 10,000 -
221,306 211,368

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 32,529 92,328
Taxation and social security 101,544 53,875
Other creditors 39,598 46,814
183,671 193,017

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 12,430 21,653

SCIS UK LIMITED (REGISTERED NUMBER: 04364658)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


10. Provisions for liabilities
2024 2023
£ £
Deferred tax 5,640 4,653

Deferred tax
£
Balance at 1 March 2023 4,653
Provided during year 987
Balance at 29 February 2024 5,640

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

12. Reserves
Retained
earnings
£

At 1 March 2023 360,590
Profit for the year 152,452
Dividends (5,000 )
At 29 February 2024 508,042

13. Related party disclosures

Mr S G Carter
Director


During the year £15,482 was introduced into the company (2023 £16,000). The Director was repaid £12,835 (2023 £8,043). At the year end the Company owed the Director £34,851 (2023 £32,204).

SCIS UK(Property) Limited

A company in which Mr Carter is a shareholder


During the year, SCIS UK Limited paid expenses on behalf of SCIS UK (Property) Limited totalling £1,310 (2023 £525) of which, £NIL was repaid before the year end. Rents recharged from SCIS UK (Property) Limited totalled £12,000 (2023 £12,000)

SCIS UK Limited has also entered an agreement where it is the guarantor for the mortgage taken out by SCIS UK (Property) Limited.

14. Ultimate controlling party

The controlling party is Mr S G Carter.