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Company Registration No. 02370211 (England and Wales)
SCORPIO SYSTEMS LIMITED Unaudited accounts for the year ended 30 April 2024
SCORPIO SYSTEMS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SCORPIO SYSTEMS LIMITED Company Information for the year ended 30 April 2024
Director
W Cooper
Company Number
02370211 (England and Wales)
Registered Office
UNIT 10 STAFFORD PARK 12 TELFORD SHROPSHIRE TF3 3BJ
Accountants
Charterhouse Accountants 5 Eastgate Business Centre Eastern Avenue Burton on Trent Staffordshire DE13 0AT
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SCORPIO SYSTEMS LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
24,086 
24,086 
Current assets
Inventories
293,105 
253,119 
Debtors
6
269,752 
286,179 
Cash at bank and in hand
(15,255)
298 
547,602 
539,596 
Creditors: amounts falling due within one year
7
(254,812)
(287,691)
Net current assets
292,790 
251,905 
Total assets less current liabilities
316,876 
275,991 
Creditors: amounts falling due after more than one year
8
(60,000)
(106,875)
Provisions for liabilities
Deferred tax
- 
(3,758)
Net assets
256,876 
165,358 
Capital and reserves
Called up share capital
43 
43 
Profit and loss account
256,833 
165,315 
Shareholders' funds
256,876 
165,358 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 10 August 2024 and were signed on its behalf by
W Cooper Director Company Registration No. 02370211
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SCORPIO SYSTEMS LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
SCORPIO SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02370211. The registered office is UNIT 10 STAFFORD PARK 12, TELFORD, SHROPSHIRE, TF3 3BJ.
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 year, 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.
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:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Other tangible fixed assets
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
28,600 
At 30 April 2024
28,600 
Amortisation
At 1 May 2023
28,600 
At 30 April 2024
28,600 
Net book value
At 30 April 2024
- 
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SCORPIO SYSTEMS LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
71,972 
9,250 
4,304 
85,526 
At 30 April 2024
71,972 
9,250 
4,304 
85,526 
Depreciation
At 1 May 2023
61,440 
- 
- 
61,440 
At 30 April 2024
61,440 
- 
- 
61,440 
Net book value
At 30 April 2024
10,532 
9,250 
4,304 
24,086 
At 30 April 2023
10,532 
9,250 
4,304 
24,086 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,155 
- 
Trade debtors
164,340 
175,071 
Amounts due from group undertakings etc.
72,438 
72,538 
Accrued income and prepayments
308 
6,319 
Other debtors
511 
32,251 
239,752 
286,179 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
30,000 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
50,774 
73,987 
VAT
12,509 
15,825 
Trade creditors
175,450 
200,925 
Amounts owed to group undertakings and other participating interests
(22,534)
(22,538)
Taxes and social security
1,239 
(38,665)
Other creditors
- 
18,598 
Loans from directors
36,265 
36,265 
Accruals
1,109 
3,294 
254,812 
287,691 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
60,000 
106,875 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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