Company Registration No. 14222481 (England and Wales)
Scell-It (UK) Group Limited
Unaudited accounts
for the period from 1 August 2023 to 31 August 2024
Scell-It (UK) Group Limited
Unaudited accounts
Contents
Scell-It (UK) Group Limited
Company Information
for the period from 1 August 2023 to 31 August 2024
Directors
Gary Moseley
Franck de Brune
Steven Auld
Lee Bridgwood
Company Number
14222481 (England and Wales)
Registered Office
Scell-it
Unit 7
STAFFORD
STAFFORDSHIRE
ST18 0DG
United Kingdom
Scell-It (UK) Group Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
106,703
-
Creditors: amounts falling due within one year
(34,124)
-
Net current assets
198,727
4
Total assets less current liabilities
1,629,767
4
Creditors: amounts falling due after more than one year
(1,479,276)
-
Called up share capital
12
4
Profit and loss account
150,479
-
Shareholders' funds
150,491
4
For the period ending 31 August 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 17 October 2024 and were signed on its behalf by
Gary Moseley
Director
Company Registration No. 14222481
Scell-It (UK) Group Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 August 2024
Scell-It (UK) Group Limited is a private company, limited by shares, registered in England and Wales, registration number 14222481. The registered office is Scell-it, Unit 7, STAFFORD, STAFFORDSHIRE, ST18 0DG, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 provisions of management charges is recognised when services have been provided to companies within the group.
Investments in subsidiary undertakings are recognised at cost.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statements of Income and Retained Earnings. 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 discounts.
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 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.
Scell-It (UK) Group Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 August 2024
4
Investments
Subsidiary undertakings
Valuation at 1 August 2023
-
Valuation at 31 August 2024
1,431,040
Scell-it (UK) Group Limited acquired 100% of the issued share capital of ARK Group of Companies Limited, Kamtech Fasteners Limited and Rivco Limited on 15 February 2024.
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
126,148
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
33,124
-
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
128,303
-
Other creditors
1,350,973
-
The ultimate controlling parties of the company are two of the Directors, Mr G Moseley and Mr S Auld, along with Scell-it SAS, a company registered in France and under the control of the third Director, Mr Franck De Bruyne.
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).