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Company Registration No. 07145148 (England and Wales)
Scell-It (UK) Limited Unaudited accounts for the period from 1 August 2023 to 31 August 2024
Scell-It (UK) Limited Unaudited accounts Contents
Page
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Scell-It (UK) Limited Company Information for the period from 1 August 2023 to 31 August 2024
Directors
Gary Moseley Franck De Bruyne Steven Auld
Company Number
07145148 (England and Wales)
Registered Office
Unit 7 Beacon Business Park Weston Road Stafford Staffordshire ST18 0DG England
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Scell-It (UK) Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,331,626 
1,330,689 
Current assets
Inventories
914,082 
999,708 
Debtors
1,062,034 
715,039 
Cash at bank and in hand
56,726 
33,716 
2,032,842 
1,748,463 
Creditors: amounts falling due within one year
(1,564,743)
(1,646,023)
Net current assets
468,099 
102,440 
Total assets less current liabilities
1,799,725 
1,433,129 
Creditors: amounts falling due after more than one year
(1,069,838)
(732,199)
Provisions for liabilities
Deferred tax
(24,248)
(21,800)
Net assets
705,639 
679,130 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
705,635 
679,126 
Shareholders' funds
705,639 
679,130 
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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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. 07145148
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Scell-It (UK) Limited Notes to the Accounts for the period from 1 August 2023 to 31 August 2024
1
Statutory information
Scell-It (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 07145148. The registered office is Unit 7 Beacon Business Park, Weston Road, Stafford, Staffordshire, ST18 0DG, England.
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 period, 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.
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
Not depreciated
Plant & machinery
10% and 25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
Straight line over 3 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Scell-It (UK) Limited Notes to the Accounts for the period from 1 August 2023 to 31 August 2024
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement 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 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 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.
Foreign exchange
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.
Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2023
1,681,108 
Additions
57,861 
At 31 August 2024
1,738,969 
Depreciation
At 1 August 2023
350,419 
Charge for the period
56,924 
At 31 August 2024
407,343 
Net book value
At 31 August 2024
1,331,626 
At 31 July 2023
1,330,689 
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Scell-It (UK) Limited Notes to the Accounts for the period from 1 August 2023 to 31 August 2024
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
24,248 
21,800 
2024 
2023 
£ 
£ 
Provision at start of period
21,800 
22,953 
Charged/(credited) to the profit and loss account
2,448 
(1,153)
Provision at end of period
24,248 
21,800 
6
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 August 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
37,234 
24,937 
Later than one year and not later than five years
59,538 
5,542 
96,772 
30,479 
7
Controlling party
The company is a 100% owned subsidiary of Scell-it (UK) Group Limited whose Registered Office is Unit7 Beacon Business Park, Beacon Way, Stafford, ST18 0DG.
8
Average number of employees
During the period the average number of employees was 11 (2023: 10).
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