Scancan Technologies Limited 08957087 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is developing specialist marine coatings. Digita Accounts Production Advanced 6.30.9574.0 true Mrs CE Carlbom Flinn 08957087 2023-04-01 2024-03-31 08957087 2024-03-31 08957087 core:RetainedEarningsAccumulatedLosses 2024-03-31 08957087 core:ShareCapital 2024-03-31 08957087 core:CurrentFinancialInstruments 2024-03-31 08957087 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08957087 core:Non-currentFinancialInstruments 2024-03-31 08957087 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08957087 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08957087 bus:FRS102 2023-04-01 2024-03-31 08957087 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08957087 bus:FullAccounts 2023-04-01 2024-03-31 08957087 bus:RegisteredOffice 2023-04-01 2024-03-31 08957087 bus:Director1 2023-04-01 2024-03-31 08957087 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 08957087 bus:Consolidated 2023-04-01 2024-03-31 08957087 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08957087 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 08957087 countries:AllCountries 2023-04-01 2024-03-31 08957087 2023-03-31 08957087 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08957087 2023-03-31 08957087 core:RetainedEarningsAccumulatedLosses 2023-03-31 08957087 core:ShareCapital 2023-03-31 08957087 core:CurrentFinancialInstruments 2023-03-31 08957087 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08957087 core:Non-currentFinancialInstruments 2023-03-31 08957087 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08957087 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 iso4217:GBP

Registration number: 08957087

Scancan Technologies Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Scancan Technologies Limited

(Registration number: 08957087)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

19,880

19,880

Current assets

 

Cash at bank and in hand

 

290

290

Creditors: Amounts falling due within one year

4

(10,316)

(10,316)

Net current liabilities

 

(10,026)

(10,026)

Total assets less current liabilities

 

9,854

9,854

Creditors: Amounts falling due after more than one year

4

(250,000)

(250,000)

Net liabilities

 

(240,146)

(240,146)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(240,246)

(240,246)

Shareholders' deficit

 

(240,146)

(240,146)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 November 2024
 

.........................................
Mrs CE Carlbom Flinn
Director

 

Scancan Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales. The company's registration number is 08957087.

The address of its registered office is:
Fulstow Hall
Station Road
Nr Louth
Lincolnshire
LN11 0XQ
United Kingdom

The principal place of business is:
Fulstow Hall
Station Road
Nr Louth
Lincolnshire
LN11 0XQ
United Kingdom

These financial statements were authorised for issue by the director on 29 November 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

Not amortised

 

Scancan Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 April 2023

19,880

19,880

At 31 March 2024

19,880

19,880

Amortisation

Carrying amount

At 31 March 2024

19,880

19,880

At 31 March 2023

19,880

19,880

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

4.1

10,226

10,226

Accruals

 

90

90

 

10,316

10,316

Due after one year

 

Loans and borrowings

4.1

250,000

250,000

 

Scancan Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Creditors (continued)

4.1

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

10,226

10,226

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

250,000

250,000