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REGISTERED NUMBER: 13956841 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

SC92 LIMITED

SC92 LIMITED (REGISTERED NUMBER: 13956841)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SC92 LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S C Afrasinei
C Grigore





REGISTERED OFFICE: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT





REGISTERED NUMBER: 13956841 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

SC92 LIMITED (REGISTERED NUMBER: 13956841)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 23,865 10,962
Tangible assets 5 7,688 2,215
31,553 13,177

CURRENT ASSETS
Debtors 6 - 47,388
Cash at bank 219,008 24,390
219,008 71,778
CREDITORS
Amounts falling due within one year 7 (150,040 ) (77,346 )
NET CURRENT ASSETS/(LIABILITIES) 68,968 (5,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,521

7,609

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 100,520 7,608
SHAREHOLDERS' FUNDS 100,521 7,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SC92 LIMITED (REGISTERED NUMBER: 13956841)

Balance Sheet - continued
31 MARCH 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 29 November 2024 and were signed on its behalf by:





C Grigore - Director


SC92 LIMITED (REGISTERED NUMBER: 13956841)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

SC92 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.

Software
The company acquired software on the commencement of business in 2022, this is being amortised over an estimated useful life of 10 years.

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
Computer equipment - 33% on cost

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.

SC92 LIMITED (REGISTERED NUMBER: 13956841)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 April 2023 12,180 - 12,180
Additions - 15,690 15,690
At 31 March 2024 12,180 15,690 27,870
AMORTISATION
At 1 April 2023 1,218 - 1,218
Amortisation for year 1,218 1,569 2,787
At 31 March 2024 2,436 1,569 4,005
NET BOOK VALUE
At 31 March 2024 9,744 14,121 23,865
At 31 March 2023 10,962 - 10,962

SC92 LIMITED (REGISTERED NUMBER: 13956841)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 - 3,165 3,165
Additions 2,926 4,206 7,132
At 31 March 2024 2,926 7,371 10,297
DEPRECIATION
At 1 April 2023 - 950 950
Charge for year 585 1,074 1,659
At 31 March 2024 585 2,024 2,609
NET BOOK VALUE
At 31 March 2024 2,341 5,347 7,688
At 31 March 2023 - 2,215 2,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 47,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 68 -
Tax 90,146 13,056
Social security and other taxes 9,222 12,873
Other creditors 5,195 237
Directors' current accounts 24,509 16,180
Accruals and deferred income 20,900 35,000
150,040 77,346

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000,000 Ordinary .000001 1 1

SC92 LIMITED (REGISTERED NUMBER: 13956841)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 7,608
Profit for the year 274,912
Dividends (182,000 )
At 31 March 2024 100,520

10. ULTIMATE CONTROLLING PARTY

The controlling party is C Grigore.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SC92 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SC92 Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SC92 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SC92 Limited and state those matters that we have agreed to state to the Board of Directors of SC92 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SC92 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SC92 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SC92 Limited. You consider that SC92 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SC92 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


2 December 2024