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
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
Scell-It (UK) Limited
Statement of financial position
as at 31 August 2024
Tangible assets
1,331,626
1,330,689
Inventories
914,082
999,708
Cash at bank and in hand
56,726
33,716
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
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
Scell-It (UK) Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 August 2024
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.
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 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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Scell-It (UK) Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 August 2024
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.
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.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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.
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Tangible fixed assets
Total
At 1 August 2023
1,681,108
At 31 August 2024
1,738,969
Charge for the period
56,924
At 31 August 2024
1,331,626
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
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
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).