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Company Registration No. 10047538 (England and Wales)
Scamp and Dude Limited Unaudited accounts for the year ended 31 March 2024
Scamp and Dude Limited Unaudited accounts Contents
Page
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Scamp and Dude Limited Company Information for the year ended 31 March 2024
Directors
Joanna Katharine Tutchener-Sharp Robert David Sharp
Company Number
10047538 (England and Wales)
Registered Office
International House 12 Constance Street London E16 2DQ UK
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Scamp and Dude Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,420 
22,900 
Tangible assets
618,133 
125,506 
634,553 
148,406 
Current assets
Inventories
2,510,072 
3,810,605 
Debtors
1,212,331 
480,840 
Cash at bank and in hand
2,675,089 
603,531 
6,397,492 
4,894,976 
Creditors: amounts falling due within one year
(1,794,195)
(540,666)
Net current assets
4,603,297 
4,354,310 
Total assets less current liabilities
5,237,850 
4,502,716 
Creditors: amounts falling due after more than one year
(24,450)
- 
Provisions for liabilities
Other provisions
(165,000)
(45,000)
Net assets
5,048,400 
4,457,716 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,048,300 
4,457,616 
Shareholders' funds
5,048,400 
4,457,716 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Robert David Sharp Director Company Registration No. 10047538
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Scamp and Dude Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Scamp and Dude Limited is a private company, limited by shares, registered in England and Wales, registration number 10047538. The registered office is International House, 12 Constance Street, London, E16 2DQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised at a rate of 10% and other intangible fixed assets at 20% under the Straight Line method.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
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Scamp and Dude Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's intangible fixed assets, tangible fixed assets and inventories. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. Other key sources of estimation uncertainty: Tangible fixed assets (note 5) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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Scamp and Dude Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
11,000 
26,900 
37,900 
At 31 March 2024
11,000 
26,900 
37,900 
Amortisation
At 1 April 2023
7,700 
7,300 
15,000 
Charge for the year
1,100 
5,380 
6,480 
At 31 March 2024
8,800 
12,680 
21,480 
Net book value
At 31 March 2024
2,200 
14,220 
16,420 
At 31 March 2023
3,300 
19,600 
22,900 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
45,896 
- 
94,336 
18,689 
158,921 
Additions
- 
44,150 
548,547 
22,784 
615,481 
At 31 March 2024
45,896 
44,150 
642,883 
41,473 
774,402 
Depreciation
At 1 April 2023
8,031 
- 
17,782 
7,602 
33,415 
Charge for the year
11,227 
9,198 
96,538 
5,891 
122,854 
At 31 March 2024
19,258 
9,198 
114,320 
13,493 
156,269 
Net book value
At 31 March 2024
26,638 
34,952 
528,563 
27,980 
618,133 
At 31 March 2023
37,865 
- 
76,554 
11,087 
125,506 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
113,821 
18,075 
Accrued income and prepayments
212,831 
90,753 
Other debtors
885,679 
372,012 
1,212,331 
480,840 
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Scamp and Dude Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
461,807 
21,058 
Obligations under finance leases and hire purchase contracts
4,107 
- 
Trade creditors
441,743 
94,246 
Taxes and social security
71,764 
327,192 
Other creditors
637,424 
67,886 
Accruals
177,350 
30,284 
1,794,195 
540,666 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
24,450 
- 
9
Provisions for liabilities
£ 
At 1 April 2023
45,000 
Additional provisions made during the period
120,000 
At 31 March 2024
165,000 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
229,000 
62,500 
Later than one year and not later than five years
824,875 
312,500 
Later than five years
15,625 
78,125 
1,069,500 
453,125 
11
Average number of employees
During the year the average number of employees was 59 (2023: 27).
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