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Registration number: 02508095

SCANFLEX LIMITED

Filleted Financial Statements

for the Year Ended 31 December 2024

 

SCANFLEX LIMITED

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

SCANFLEX LIMITED

Company Information


 

Directors

Mr HG Fleetwood

Mr J P Bredholt


 

Company secretary

Mr HG Fleetwood

Registered office

2 Thursby Road
Croft Business Park
Wirral
Merseyside
CH62 3PW

 

Auditors

Pennington Williams Limited
Chartered Certified Accountants and Statutory Auditors
Stanhope House
Mark Rake
Bromborough
Wirral
Merseyside
CH62 2DN

 

SCANFLEX LIMITED

(Registration number: 02508095)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

2,138

3,010

Current assets

 

Stock

5

5,553

7,602

Debtors

6

55,573

74,959

Cash at bank and in hand

 

526,588

436,746

 

587,714

519,307

Creditors: Amounts falling due within one year

7

(171,784)

(96,113)

Net current assets

 

415,930

423,194

Total assets less current liabilities

 

418,068

426,204

Provisions for liabilities

(534)

(756)

Net assets

 

417,534

425,448

Capital and Reserves

 

Called up share capital

8

29,950

29,950

Share premium reserve

63,050

63,050

Retained Earnings

324,534

332,448

Shareholders' funds

 

417,534

425,448

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

SCANFLEX LIMITED

(Registration number: 02508095)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 7 July 2025 and signed on its behalf by:
 

.........................................

Mr HG Fleetwood
Company secretary and director

.........................................

Mr J P Bredholt
Director

 

SCANFLEX LIMITED

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Thursby Road
Croft Business Park
Wirral
Merseyside
CH62 3PW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company's business activities together with the factors likely to affect its future development and performance are set out in the Business Review of the financial statements. The company has considerable financial resources together with contracts with a number of customers. As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 11 July 2025 was Mrs Lisa Jane Bean FCCA, who signed for and on behalf of Pennington Williams Limited.

 

SCANFLEX LIMITED

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

20% on cost

Computer Equipment

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

SCANFLEX LIMITED

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

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

SCANFLEX LIMITED

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible Assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost

At 1 January 2024

12,613

10,800

23,413

Additions

162

90

252

At 31 December 2024

12,775

10,890

23,665

Depreciation

At 1 January 2024

12,612

7,791

20,403

Charge for the year

32

1,092

1,124

At 31 December 2024

12,644

8,883

21,527

Carrying amount

At 31 December 2024

131

2,007

2,138

At 31 December 2023

1

3,009

3,010

5

Stock

2024
£

2023
£

Stock

5,553

7,602

 

SCANFLEX LIMITED

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

6

Debtors

Current

2024
£

2023
£

Trade Debtors

48,264

72,545

Prepayments

7,309

2,414

 

55,573

74,959

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade Creditors

106,805

22,634

Taxation and social security

39,774

45,495

Accruals and deferred income

9,870

9,675

Other creditors

15,335

18,309

171,784

96,113

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

29,950

29,950

29,950

29,950

         

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £7,412 (2023 - £46,654). Minimum lease payments under non-cancellable operating leases fall due as above.