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REGISTERED NUMBER: 03038012 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Scangrit Ltd

Scangrit Ltd (Registered number: 03038012)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scangrit Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr G C Bourke
M S Graves





SECRETARY: L Rhoades





REGISTERED OFFICE: Eastfield Road
South Killingholme
Immingham
North East Lincs
DN40 3NF





REGISTERED NUMBER: 03038012 (England and Wales)

Scangrit Ltd (Registered number: 03038012)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 453,257 477,050

CURRENT ASSETS
Stocks 8,764 4,374
Debtors 5 384,002 310,405
Cash at bank 772,572 944,178
1,165,338 1,258,957
CREDITORS
Amounts falling due within one year 6 643,841 781,830
NET CURRENT ASSETS 521,497 477,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,754

954,177

PROVISIONS FOR LIABILITIES 104,564 103,013
NET ASSETS 870,190 851,164

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 867,190 848,164
870,190 851,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Scangrit Ltd (Registered number: 03038012)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





Dr G C M Bourke - Director


Scangrit Ltd (Registered number: 03038012)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Scangrit Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
The amount of revenue can be reliably measured;
is is probable that the future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Scangrit Ltd (Registered number: 03038012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,075,103
Additions 164,263
Disposals (105,916 )
At 31 December 2024 1,133,450
DEPRECIATION
At 1 January 2024 598,053
Charge for year 188,056
Eliminated on disposal (105,916 )
At 31 December 2024 680,193
NET BOOK VALUE
At 31 December 2024 453,257
At 31 December 2023 477,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 362,749 265,668
Other debtors 21,253 44,737
384,002 310,405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 137,608 307,987
Amounts owed to group undertakings 335,652 263,145
Taxation and social security 121,993 117,827
Other creditors 48,588 92,871
643,841 781,830

7. RELATED PARTY DISCLOSURES

31.12.24 31.12.23
£ £
Sales to related parties 831,595 634,286
Purchases from related parties 2,008 1,503
Recharges from related parties 510,273 471,595
Amounts owing to related parties 139,722 235,718

Related parties are companies in which the director is also a director or has a controlling interest.

Scangrit Ltd (Registered number: 03038012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

The total amount of financial commitments not included in the balance sheet is £227,738 (2023:£194,088).

£144,215 (2023:£156,294) is comprised of capital commitments. Scangrit Limited entered into a transaction with Scania (Great Britain) Limited for the purchase of a tractor unit and payment will be made in February 2025. For this Scangrit Limited signed the contract of the above transaction with Scania (Great Britain) Limited. The transaction between Scangrit Limited and Scania (Great Britain) is said to be a commitment.