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REGISTERED NUMBER: 08253891 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SCION TECH LIMITED

SCION TECH LIMITED (REGISTERED NUMBER: 08253891)






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


SCION TECH LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: A S Brown
T Brown





SECRETARY: T Brown





REGISTERED OFFICE: 82 Mersey Way
Thatcham
Berks
RG18 3DL





REGISTERED NUMBER: 08253891 (England and Wales)





ACCOUNTANTS: C B Heslop And Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

SCION TECH LIMITED (REGISTERED NUMBER: 08253891)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,090 6,861

CURRENT ASSETS
Stocks 7,035 28,259
Debtors 5 170,804 222,533
Cash at bank 145 50,356
177,984 301,148
CREDITORS
Amounts falling due within one year 6 150,085 152,197
NET CURRENT ASSETS 27,899 148,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,989

155,812

CREDITORS
Amounts falling due after more than one
year

7

32,987

32,564
NET ASSETS 2 123,248

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 - 123,246
SHAREHOLDERS' FUNDS 2 123,248

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 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.

SCION TECH LIMITED (REGISTERED NUMBER: 08253891)

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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





A S Brown - Director


SCION TECH LIMITED (REGISTERED NUMBER: 08253891)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Scion Tech 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.

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.
Fixtures and fittings - 20% on cost
Office equipment - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

SCION TECH LIMITED (REGISTERED NUMBER: 08253891)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,767 5,359 9,126
DEPRECIATION
At 1 January 2023 1,193 1,072 2,265
Charge for year 700 1,071 1,771
At 31 December 2023 1,893 2,143 4,036
NET BOOK VALUE
At 31 December 2023 1,874 3,216 5,090
At 31 December 2022 2,574 4,287 6,861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,618 680
Other debtors 169,186 221,853
170,804 222,533

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,667 6,749
Trade creditors 4,460 4,983
Taxation and social security 128,919 138,935
Other creditors 9,039 1,530
150,085 152,197

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 32,987 32,564

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,687 12,264

SCION TECH LIMITED (REGISTERED NUMBER: 08253891)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2023 123,246
Deficit for the year (40,225 )
Dividends (83,021 )
At 31 December 2023 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A S Brown and A S Brown
Balance outstanding at start of year 163,514 59,815
Amounts advanced 81,963 302,011
Amounts repaid (104,581 ) (198,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,896 163,514