Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30342023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseProfessional, scientific and technical activities36falsetruefalse 08639168 2023-07-01 2024-06-30 08639168 2022-07-01 2023-06-30 08639168 2024-06-30 08639168 2023-06-30 08639168 c:Director1 2023-07-01 2024-06-30 08639168 c:Director2 2023-07-01 2024-06-30 08639168 d:OfficeEquipment 2023-07-01 2024-06-30 08639168 d:OfficeEquipment 2024-06-30 08639168 d:OfficeEquipment 2023-06-30 08639168 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08639168 d:ComputerEquipment 2023-07-01 2024-06-30 08639168 d:ComputerEquipment 2024-06-30 08639168 d:ComputerEquipment 2023-06-30 08639168 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08639168 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08639168 d:CurrentFinancialInstruments 2024-06-30 08639168 d:CurrentFinancialInstruments 2023-06-30 08639168 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08639168 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08639168 d:ShareCapital 2024-06-30 08639168 d:ShareCapital 2023-06-30 08639168 d:RetainedEarningsAccumulatedLosses 2024-06-30 08639168 d:RetainedEarningsAccumulatedLosses 2023-06-30 08639168 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-01 2024-06-30 08639168 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-06-30 08639168 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-06-30 08639168 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-07-01 2024-06-30 08639168 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2024-06-30 08639168 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-06-30 08639168 c:FRS102 2023-07-01 2024-06-30 08639168 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08639168 c:FullAccounts 2023-07-01 2024-06-30 08639168 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08639168 d:WithinOneYear 2024-06-30 08639168 d:WithinOneYear 2023-06-30 08639168 d:BetweenOneFiveYears 2024-06-30 08639168 d:BetweenOneFiveYears 2023-06-30 08639168 2 2023-07-01 2024-06-30 08639168 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 08639168










SCENDEA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SCENDEA LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SCENDEA LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scendea Limited for the year ended 30 June 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.


This report is made solely to the Board of Directors of Scendea Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Scendea Limited and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scendea Limited and its Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Scendea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Scendea Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Scendea Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





Price Bailey LLP
 
Chartered Accountants
  
Causeway House
1 Dane Street
Bishop's Stortford
Hertfordshire
CM23 3BT

3 January 2025
Page 1

 
SCENDEA LIMITED
REGISTERED NUMBER: 08639168

BALANCE SHEET
AS AT 30 JUNE 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
66,496
90,035

Current assets
  

Debtors: amounts falling due within one year
 5 
1,296,032
670,345

Cash at bank and in hand
 6 
966,097
806,460

  
2,262,129
1,476,805

Creditors due within one year
 7 
(1,355,255)
(1,120,392)

Net current assets
  
 
 
906,874
 
 
356,413

Total assets less current liabilities
  
973,370
446,448

Provisions for liabilities
  

Deferred tax
  
(16,894)
(22,779)

Other provisions
  
(6,470)
(80,706)

  
 
 
(23,364)
 
 
(103,485)

Net assets
  
950,006
342,963


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
950,005
342,962

  
950,006
342,963


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf.



C Camp
P Cronin
Director
Director
Date: 24 December 2024

Page 2

 
SCENDEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Scendea Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08639168 and its registered office address is Hawke House, Old Station Road, Loughton, Essex, IG10 4PL. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Pounds Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
SCENDEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SCENDEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
SCENDEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 34 (2023 - 36).

Page 6

 
SCENDEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
88,084
62,252
150,336


Additions
-
5,900
5,900


Disposals
(788)
-
(788)



At 30 June 2024

87,296
68,152
155,448



Depreciation


At 1 July 2023
40,071
20,230
60,301


Charge for the year on owned assets
15,272
13,379
28,651



At 30 June 2024

55,343
33,609
88,952



Net book value



At 30 June 2024
31,953
34,543
66,496



At 30 June 2023
48,013
42,022
90,035


5.


Debtors

2024
2023
£
£


Trade debtors
318,481
542,445

Amounts owed by group undertakings
685,765
37,060

Other debtors
8,475
8,475

Prepayments
151,671
57,877

Amounts recoverable on long-term contracts
56,043
-

VAT recoverable
25,234
-

Corporation tax repayable
50,363
24,488

1,296,032
670,345


Page 7

 
SCENDEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
966,097
806,460



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
205,047
129,019

Amounts owed to group undertakings
992,214
691,827

Other taxation and social security
75,338
103,014

Other creditors
24,627
17,679

Accruals
58,029
178,853

1,355,255
1,120,392



8.


Provisions




Legal settlement
Dilapidations
Total

£
£
£





At 1 July 2023 (as restated)
74,236
6,470
80,706


Released in year
(74,236)
-
(74,236)



At 30 June 2024
-
6,470
6,470


9.


Prior year adjustment

The prior year comparatives were adjusted to reflect a provision for dilapidations of £6,470. The profit and loss account has been adjusted accordingly. 


10.


Pension commitments

Contributions amounting to £24,627 were payable to schemes at 30 June 2024 (2023 - £17,679) and are included within creditors.

Page 8

 
SCENDEA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
33,900
33,900

Later than 1 year and not later than 5 years
62,150
93,225

96,050
127,125


12.


Related party transactions

Paragraph 33.1A of FRS 102 says that disclosures need not be given of transactions that have taken place between two or more members of group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.


13.


Controlling party

The ultimate parent undertaking is European Pharma Consulting (EPC) Ltd, a company registered in England and Wales, United Kingdom. The controlling party is P Cronin.


Page 9