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REGISTERED NUMBER: SC207447 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Introscan Ltd

Introscan Ltd (Registered number: SC207447)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Introscan Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J W Penman





SECRETARY: J W Penman





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC207447 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Introscan Ltd (Registered number: SC207447)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 18,718 22,752

CURRENT ASSETS
Stock 600 685
Debtors 5 10,640 9,580
Cash at bank and in hand 43,197 34,781
54,437 45,046
CREDITORS
Amounts falling due within one year 6 40,846 42,699
NET CURRENT ASSETS 13,591 2,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,309

25,099

CREDITORS
Amounts falling due after more than one
year

7

(2,198

)

(5,215

)

PROVISIONS FOR LIABILITIES 8 - (4,042 )
NET ASSETS 30,111 15,842

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 29,111 14,842
SHAREHOLDERS' FUNDS 30,111 15,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Introscan Ltd (Registered number: SC207447)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:





J W Penman - Director


Introscan Ltd (Registered number: SC207447)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Introscan Ltd is a private company, limited by shares , registered in Scotland. 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.

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 - 15% on cost
Fittings and equipment - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
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.


Introscan Ltd (Registered number: SC207447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 69,992 415 5,495 7,203 83,105
Additions - - - 1,350 1,350
At 30 June 2024 69,992 415 5,495 8,553 84,455
DEPRECIATION
At 1 July 2023 53,865 183 1,282 5,023 60,353
Charge for year 3,363 53 1,099 869 5,384
At 30 June 2024 57,228 236 2,381 5,892 65,737
NET BOOK VALUE
At 30 June 2024 12,764 179 3,114 2,661 18,718
At 30 June 2023 16,127 232 4,213 2,180 22,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,640 9,580

Introscan Ltd (Registered number: SC207447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,195 3,195
Trade creditors 2,330 4,737
Taxation and social security (69 ) 615
Other creditors 35,390 34,152
40,846 42,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 2,198 5,215

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 4,042

Deferred
tax
£   
Balance at 1 July 2023 4,042
Provided during year (4,042 )
Balance at 30 June 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The company is controlled by I Penman.