3D SCANNERS LIMITED

Company Registration Number:
02567522 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

3D SCANNERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

3D SCANNERS LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company is to hold intellectual property for laser scanning technology. In November 2008, the company entered into a 30 year licencing agreement with Mitutoyo Corporation, granting Mitutoyo the right to manufacture and sell all Metris products relating to laser scanning and articulated arm technology. 3D Scanners Limited acted as an agent for Nikon Metrology NV, who was the economic owner of the licenced technology. On 1 November 2024, the shares in 3D Scanners Limited and consequently the ownership of the intellectual property were transferred to LK Metrology Group Limited. The results for the year are set out in the Statement of Comprehensive Income on page 11. The primary KPI for the year was operating profit of £1,375 (2023 - £1,261) which is consistent and in line with expectations. The balance sheet of the financial statements details the company’s financial position as at year end.

Additional information

Principal risks and uncertainties The company is not subject to any specific principal risk or uncertainty. The Nikon Corporation Group's risks to which the company was exposed, until control of the company was transferred to LK Metrology subsequent to year end, are discussed in the Nikon Corporation's Annual Report which does not form part of this report. The group financial statements of Nikon Corporation are available to the public and can be obtained as set out in note 18. Financial risk management The company has exposures to three main areas of financial risk – foreign exchange currency exposure, liquidity risk, and credit risk. Foreign exchange transactional currency exposure – the company is exposed to currency exchange risk due to a significant proportion of its receivables and payables being denominated in non-Sterling currencies. Where appropriate, the company managed this risk with forward foreign exchange contracts in line with the Nikon Corporation's group treasury policies, although no such contracts were in place during the year ended 31 March 2024 or 31 March 2023. Liquidity risk – The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company is financed by short term funding via the Group treasury function, on which it pays interest in line with market conditions. Following the acquisition by LK Metrology Group, the company will be funded by its parent, LK Metrology Group Limited. Credit risk – The company’s principal financial assets are amounts owed by group undertakings. The company is at risk to the extent that the group undertaking may be unable to pay the debt. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. As a result of the sale to LK Metrology Group, all intercompany balances were settled as disclosed in Note 17. Going concern On 1st November 2024, 3D Scanners Limited was acquired by LK Metrology Group Ltd, a company operating in the metrology sector. Since the date of acquisition, the company has continued to operate as a standalone business within the wider group structure and has received strategic, operational, and financial support from its new parent. The director has assessed the company's current financial position, performance, and cash flow forecasts, taking into consideration the letter of support received from LK Metrology Group Ltd where they have stated that they will meet the liability of the company as they fall due for a period of not less than 12 months from the date of signing the financial statements. The board has considered the willingness and ability of LK Metrology Group Ltd to provide this support. As part of this assessment, the director has considered reasonably foreseeable risks and uncertainties, including market conditions and the company’s ongoing trading performance. Based on this review, the director is satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. Future prospects Following its acquisition by LK Metrology Group Ltd, 3D Scanners Limited operates as an intellectual property holding company within the group. The company’s principal activity is the ownership and management of intellectual property assets used by other group entities under appropriate licensing arrangements. The director considers the company’s future prospects to be stable, with its ongoing purpose and expenses settled through intercompany arrangements and continued strategic relevance to the group. The director will continue to ensure the company fulfils its role effectively in line with group objectives and legal obligations.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

ANGELO MUSCARELLA


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 August 2025

And signed on behalf of the board by:
Name: ANGELO MUSCARELLA
Status: Director

3D SCANNERS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 24,284 22,283
Cost of sales: ( 22,909 ) ( 21,022 )
Gross profit(or loss): 1,375 1,261
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 1,375 1,261
Interest receivable and similar income: 68,361 60,691
Interest payable and similar charges: ( 21,897 ) ( 2,831 )
Profit(or loss) before tax: 47,839 59,121
Tax: ( 5,166 )
Profit(or loss) for the financial year: 42,673 59,121

3D SCANNERS LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 1,108,600 1,061,454
Total fixed assets: 1,108,600 1,061,454
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 0 0
Creditors: amounts falling due within one year: 4 ( 86,087 ) ( 81,664 )
Net current assets (liabilities): (86,087) (81,664)
Total assets less current liabilities: 1,022,513 979,790
Total net assets (liabilities): 1,022,513 979,790
Capital and reserves
Called up share capital: 125 125
Share premium account: 24,688 24,688
Profit and loss account: 997,700 954,977
Total Shareholders' funds: 1,022,513 979,790

The notes form part of these financial statements

3D SCANNERS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 23 August 2025
and signed on behalf of the board by:

Name: ANGELO MUSCARELLA
Status: Director

The notes form part of these financial statements

3D SCANNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Intangible fixed assets amortisation policy

    Intangible assets with finite useful lives that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives that are acquired separately are carried at cost less accumulated impairment losses. Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows: Asset class Amortisation method and rate Patents 3% straight line basis Intellectual property rights 20% straight line basis The amortisation of intangible assets is included in administrative expenses in the statement of comprehensive income. An intangible asset is derecognised on disposal, or when no future economic benefits are expected from use or disposal. Gains or losses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognised in profit or loss when the asset is derecognised. At each balance sheet date, the company reviews the carrying amounts of its intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent from other assets, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An intangible asset with an indefinite useful life is tested for impairment at least annually and whenever there is an indication that the asset may be impaired.

    Other accounting policies

    Foreign currency The financial statements are presented in pounds sterling, which is the currency of the primary economic environment in which the company operates (its functional currency). Transactions in currencies other than the functional currency are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Where balances have been assessed as constituting loan balances, exchange differences arising from their translation have been included within interest payable and similar charges or other interest receivable and similar income. Taxation Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the statement of comprehensive income because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. Deferred tax Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised based on tax laws and rates that have been enacted or substantively enacted at the balance sheet date. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the company intends to settle its current tax assets and liabilities on a net basis. Investments Investments are initially measured at cost and subsequently measured at cost less provisions for impairment. Financial assets Financial assets are initially measured at fair value. Transaction costs are included as part of the initial measurement, except for financial assets at fair value through profit or loss. Such assets are subsequently measured at either amortised cost or fair value depending on their classification. Classification is determined based on both the business model within which such assets are held and the contractual cash flow characteristics of the financial asset unless, an accounting mismatch is being avoided. Financial assets are derecognised when the rights to receive cash flows have expired or have been transferred and the company has transferred substantially all the risks and rewards of ownership. When there is no reasonable expectation of recovering part or all of a financial asset, it's carrying value is written off. Financial liabilities Financial liabilities are initially measured at fair value. Transaction costs are included as part of the initial measurement, except for financial liabilities at fair value through profit or loss. Financial liabilities that are not at fair value through profit or loss are measured subsequently at amortised cost using the effective interest method. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums and discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortised cost of a financial liability. Impairment of financial assets The company recognises a loss allowance for expected credit losses on financial assets which are either measured at amortised cost or fair value through other comprehensive income. The measurement of the loss allowance depends upon the company's assessment at the end of each reporting period as to whether the financial instrument's credit risk has increased significantly since initial recognition, based on reasonable and supportable information that is available, without undue cost or effort to obtain. Where there has not been a significant increase in exposure to credit risk since initial recognition, a 12-month expected credit loss allowance is estimated. This represents a portion of the asset's lifetime expected credit losses that is attributable to a default event that is possible within the next 12 months. Where a financial asset has become credit impaired or where it is determined that credit risk has increased significantly, the loss allowance is based on the asset's lifetime expected credit losses. The amount of expected credit loss recognised is measured on the basis of the probability weighted present value of anticipated cash shortfalls over the life of the instrument discounted at the original effective interest rate. Borrowing costs and interest income All borrowing costs and interest income are recognised in profit or loss in the period in which they are incurred. 3 Critical accounting judgements and key sources of estimation uncertainty In the application of the company’s accounting policies, which are described in note 2 above, the director is required to make judgements (other than those involving estimations) that have a significant impact on the amounts recognised and to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Critical judgements in applying the Company’s accounting policies The director believes there are no critical judgements that are significant enough to require disclosure. Key sources of estimation uncertainty There were no key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

3D SCANNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

3D SCANNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Fixed assets investments note

Amounts owed by parent undertaking of £718,325 (2023 - £672,513) and amounts owed by fellow subsidiary undertakings of £390,275 (2023 - £388,941) are interest bearing and repayable upon demand. Interest on these amounts are charged at 2.0% above EURIBOR 6-months rate. No impairment losses have been recognised on amounts owed by group undertakings (2023 - £nil). Subsequent to year end these amounts were fully settled as detailed in note 17 Events after the balance sheet date: non-adjusting.

3D SCANNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 3,104
Taxation and social security 5,116 0
Accruals and deferred income 1,000 1,000
Other creditors 79,971 77,560
Total 86,087 81,664