Registered number
09627510
SCANS SPECIALIST LTD
Filleted Accounts
30 June 2024
SCANS SPECIALIST LTD
Registered number: 09627510
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 340,780 323,780
Current assets
Debtors 5 17,589 -
Cash at bank and in hand 826,576 675,450
844,165 675,450
Creditors: amounts falling due within one year 6 (67,570) (51,385)
Net current assets 776,595 624,065
Net assets 1,117,375 947,845
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,117,374 947,844
Shareholders' funds 1,117,375 947,845
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr M Chandramohan
Director
Approved by the board on 19 March 2025
SCANS SPECIALIST LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 4,199
At 30 June 2024 4,199
Depreciation
At 1 July 2023 4,199
At 30 June 2024 4,199
Net book value
At 30 June 2024 -
4 Investments
Other
investments
£
Cost
At 1 July 2023 323,780
Additions 17,000
At 30 June 2024 340,780
5 Debtors 2024 2023
£ £
Other debtors 17,589 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 85 34
Taxation and social security costs 56,510 41,298
Other creditors 10,975 10,053
67,570 51,385
7 Transactions with the directors
The amount of £10,975.00 is owed to the directors of the company
8 Other information
SCANS SPECIALIST LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Titania Close
Cottingley
Bingley
BD16 1WE
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