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REGISTERED NUMBER: 06036960 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024

FOR

SCORPION ENGINEERING LIMITED

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCORPION ENGINEERING LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: N Hannon
P A Hannon





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 06036960 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372,874 337,614
Investments 5 50,000 50,000
422,874 387,614

CURRENT ASSETS
Stocks 36,577 23,877
Debtors 6 211,693 218,865
Cash at bank 169,075 139,383
417,345 382,125
CREDITORS
Amounts falling due within one year 7 247,217 193,628
NET CURRENT ASSETS 170,128 188,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,002

576,111

CREDITORS
Amounts falling due after more than one
year

8

(97,022

)

(108,055

)

PROVISIONS FOR LIABILITIES (93,219 ) (64,147 )
NET ASSETS 402,761 403,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 402,661 403,809
SHAREHOLDERS' FUNDS 402,761 403,909

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

BALANCE SHEET - continued
31 May 2024


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

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

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 19 February 2025 and were signed on its behalf by:





N Hannon - Director


SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Scorpion Engineering 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.

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.
Plant and machinery etc - 20% straight line basis

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.

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 794,045
Additions 249,716
Disposals (219,338 )
At 31 May 2024 824,423
DEPRECIATION
At 1 June 2023 456,431
Charge for year 108,736
Eliminated on disposal (113,618 )
At 31 May 2024 451,549
NET BOOK VALUE
At 31 May 2024 372,874
At 31 May 2023 337,614

The net book value of tangible fixed assets includes £ 154,470 (2023 - £ 116,003 ) in respect of assets held under hire purchase contracts.

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 50,000
NET BOOK VALUE
At 31 May 2024 50,000
At 31 May 2023 50,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,256 198,098
Other debtors 23,437 20,767
211,693 218,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,246 9,994
Hire purchase contracts (see note 9) 40,748 32,112
Trade creditors 59,688 60,209
Taxation and social security 36,926 45,659
Other creditors 99,609 45,654
247,217 193,628

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,510 20,754
Hire purchase contracts (see note 9) 84,429 57,834
Other creditors 2,083 29,467
97,022 108,055

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 40,748 32,112
Between one and five years 84,429 57,834
125,177 89,946


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 125,177 89,946

HSBC Bank Plc have a fixed and floating charge over the company's assets in a debenture dated 30 November 2007.

11. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to it's shareholders.