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REGISTERED NUMBER: 03752127 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Scanstrut Limited

Scanstrut Limited (Registered number: 03752127)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scanstrut Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: T C Reed
D G Smith





SECRETARY: Mrs G A Reed





REGISTERED OFFICE: 14 Dart Business Park
Clyst St George
Exeter
Devon
EX3 0QH





REGISTERED NUMBER: 03752127 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Scanstrut Limited (Registered number: 03752127)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,893,429 1,331,700
Tangible assets 5 834,413 535,906
2,727,842 1,867,606

CURRENT ASSETS
Stocks 653,339 453,868
Debtors 6 1,529,753 1,453,745
Cash at bank and in hand 1,423,974 1,529,697
3,607,066 3,437,310
CREDITORS
Amounts falling due within one year 7 1,991,733 1,464,697
NET CURRENT ASSETS 1,615,333 1,972,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,343,175

3,840,219

CREDITORS
Amounts falling due after more than one
year

8

(132,223

)

(248,889

)

PROVISIONS FOR LIABILITIES (171,091 ) (132,964 )
NET ASSETS 4,039,861 3,458,366

CAPITAL AND RESERVES
Called up share capital 2,308 2,308
Share premium 499,192 499,192
Retained earnings 3,538,361 2,956,866
4,039,861 3,458,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Scanstrut Limited (Registered number: 03752127)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





T C Reed - Director


Scanstrut Limited (Registered number: 03752127)

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

1. STATUTORY INFORMATION

Scanstrut Limited 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.

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.

Goodwill
Goodwill represents the excess of the cost of businesses acquired over the fair value of the assets acquired. Goodwill is amortised over its useful economic life and reviewed annually for any indicators of impairment.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Development costs, consisting of material and labour costs, that are directly attributable to the design and testing of identifiable and unique products controlled by the company are recognised as intangibles when the following criteria is met:
-it is technically feasible to complete the product so that it is available for use;
-management intends to complete the product and use or sell it;
-there is an ability to use or sell the product;
-it can be demonstrated how the product will generate future economic benefits;
-adequate technical, financial and other resources to complete the development and to use or sell the
product are available; and
-the expenditure attributable to the product during its development can be reliably measured.

The assets are reviewed for impairment if factors indicate that the carrying amount may be impaired.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development Costs: 5 years straight line from the point that the product can be sold
Computer Software: over the estimated life of the products

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements: over the term of the lease
Motor vehicles: 15% reducing balance
Other plant and machinery: 20 - 33% straight line


The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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


Scanstrut Limited (Registered number: 03752127)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants are recognised when the company is eligible to receive the grant and when any related conditions have been met. Government grants are included within other operating income.

Prepayments
Where payments are made in advance of services being received these amounts are deferred within prepayments, which are included within other debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023 120,000 2,236,189 2,356,189
Additions - 773,702 773,702
Disposals - (27,030 ) (27,030 )
Impairments - (21,220 ) (21,220 )
At 30 September 2024 120,000 2,961,641 3,081,641
AMORTISATION
At 1 October 2023 120,000 904,489 1,024,489
Charge for year - 187,973 187,973
Eliminated on disposal - (24,250 ) (24,250 )
At 30 September 2024 120,000 1,068,212 1,188,212
NET BOOK VALUE
At 30 September 2024 - 1,893,429 1,893,429
At 30 September 2023 - 1,331,700 1,331,700

Included within other intangible assets are development costs which have a carrying value of £1,876,440 as at the balance sheet date (2023: £1,298,835).

Scanstrut Limited (Registered number: 03752127)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 210,494 1,285,197 1,495,691
Additions 184,216 284,037 468,253
Disposals (44,125 ) - (44,125 )
At 30 September 2024 350,585 1,569,234 1,919,819
DEPRECIATION
At 1 October 2023 43,494 916,291 959,785
Charge for year 30,998 138,117 169,115
Eliminated on disposal (43,494 ) - (43,494 )
At 30 September 2024 30,998 1,054,408 1,085,406
NET BOOK VALUE
At 30 September 2024 319,587 514,826 834,413
At 30 September 2023 167,000 368,906 535,906

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 368,097 356,427
Amounts owed by group undertakings 429,238 429,238
Other debtors and prepayments 732,418 622,188
1,529,753 1,407,853

Amounts falling due after more than one year:
Other debtors - 45,892

Aggregate amounts 1,529,753 1,453,745

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 116,667 116,667
Trade creditors 521,962 578,807
Amounts owed to group undertakings 1,099,453 583,877
Taxation and social security 29,251 28,311
Other creditors 224,400 157,035
1,991,733 1,464,697

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 132,223 248,889

9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 103,176

Scanstrut Limited (Registered number: 03752127)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
T C Reed
Balance outstanding at start of year - 22,981
Amounts advanced - 228,248
Amounts repaid - (251,229 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. OPERATING LEASE COMMITMENTS

At the balance sheet date the company has financial commitments under non-cancellable operating leases totalling £289,583 (2023: £Nil).