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REGISTERED NUMBER: 08950940 (England and Wales)



















Financial Statements

for the Year Ended 31 May 2024

for

Surescreen Scientifics Limited

Surescreen Scientifics Limited (Registered number: 08950940)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Surescreen Scientifics Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A R Campbell
A J Campbell
D S Campbell





REGISTERED OFFICE: 17 Eagle Park
Alfreton Road
Derby
Derbyshire
DE21 4BF





REGISTERED NUMBER: 08950940 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Surescreen Scientifics Limited (Registered number: 08950940)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,037 180
Tangible assets 5 278,755 193,863
291,792 194,043

CURRENT ASSETS
Stocks 6,221 7,380
Debtors 6 525,031 486,214
Cash at bank and in hand 125,269 453,661
656,521 947,255
CREDITORS
Amounts falling due within one year 7 505,608 466,686
NET CURRENT ASSETS 150,913 480,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,705

674,612

PROVISIONS FOR LIABILITIES 65,476 39,986
NET ASSETS 377,229 634,626

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 376,929 634,326
377,229 634,626

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:





D S Campbell - Director


Surescreen Scientifics Limited (Registered number: 08950940)

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

1. STATUTORY INFORMATION

Surescreen Scientifics 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 represents the value of goods and services, excluding value added tax. Turnover is recognised in the period in which the goods and services were provided.

Intangible assets
Intangible fixed assets are stated at historical cost less accumulated amortisation and impairment losses. Historical cost includes expenditure that is directly attributable to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Amortisation is provided at the following annual rate in order to write off each asset over its estimated useful life:-

Patents- 10% on cost
Computer software- 25% on reducing balance

The assets' residual values, useful lives and amortisation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administration expenses' in the profit and loss account.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery-25% on reducing balance
Fixtures and fittings-25% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Surescreen Scientifics Limited (Registered number: 08950940)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase price on a first in first out basis.

Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

At each reporting date, stock is assessed for impairment. If impaired, the carrying amount is reduced and the impairment loss is recognised immediately in the profit and loss account.

Deferred tax
Deferred tax arises from timing differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Related parties
The company is a wholly owned subsidiary undertaking of Surescreen Holdings Limited and therefore Surescreen Holdings (2022) Limited. The company has taken advantage of the exemption contained within Section 1A "Small Entities" of Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

Pension costs and other post-retirement benefits
The company operates defined contribution plans for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Surescreen Scientifics Limited (Registered number: 08950940)

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

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements for the year ended 31 May 2024 have been prepared on the going concern basis.

For the year ended 31 May 2024, the company generated a loss of £257,397. The major reason for this loss is writing off intercompany loans across the group following exceptional years greatly impacted by the pandemic. Without this write off, the company would be operating comfortably in profit and is expected to be in profit in subsequent years.

Given the current set of accounts, net assets are at £377,229 within Surescreen Scientifics, and there have been no significant changes to the underlying business apart from the writing off of the intercompany loan which will impact this period only.

The directors have prepared a cashflow forecast which demonstrates that the group will have sufficient funds to meet its liabilities as they fall due for the twelve months following the date of signing of these financial statements. Sale of surplus assets, including properties, throughout the group is being actively pursued and will generate additional cash and further reduce running costs throughout the group.

Profits are expected for the 2025 financial year with results to date in line with budget. It is acknowledged that it is possible that the sales and expenses assumptions that underpin the budget may not be achieved, and the directors have reviewed a plausible downside scenario whereby the timing of payments and receipts differ from the forecasts, which indicate there may be a material uncertainty around liquidity. In this scenario, the directors would inject funds as required to fund short-term cash flow issues.

The Directors believe that the company will have adequate resources to continue to operate for the next twelve months and as such, the directors continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 June 2023 402 - 402
Additions - 17,198 17,198
At 31 May 2024 402 17,198 17,600
AMORTISATION
At 1 June 2023 222 - 222
Amortisation for year 41 4,300 4,341
At 31 May 2024 263 4,300 4,563
NET BOOK VALUE
At 31 May 2024 139 12,898 13,037
At 31 May 2023 180 - 180

Surescreen Scientifics Limited (Registered number: 08950940)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 376,161 41,046 40,746 48,313 506,266
Additions 175,095 1,750 - 3,999 180,844
Disposals (17,009 ) - - - (17,009 )
At 31 May 2024 534,247 42,796 40,746 52,312 670,101
DEPRECIATION
At 1 June 2023 242,133 20,679 25,131 24,460 312,403
Charge for year 76,288 4,866 3,904 6,961 92,019
Eliminated on disposal (13,076 ) - - - (13,076 )
At 31 May 2024 305,345 25,545 29,035 31,421 391,346
NET BOOK VALUE
At 31 May 2024 228,902 17,251 11,711 20,891 278,755
At 31 May 2023 134,028 20,367 15,615 23,853 193,863

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 413,825 464,882
Amounts owed by group undertakings 724 -
Tax 70,188 -
Prepayments 40,294 21,332
525,031 486,214

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 69,992 36,997
Amounts owed to group undertakings 266,329 189,926
Tax - 21,000
Social security and other taxes 124,604 135,606
Other creditors 6,634 4,125
Accrued expenses 38,049 79,032
505,608 466,686

Surescreen Scientifics Limited (Registered number: 08950940)

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw attention to Note 2 in the financial statements, which indicates that the company incurred a net loss of £257,397 and that forecasts show there may be insufficient liquidity in the future. As stated in Note 2, these events or conditions, along with the other matters as set forth in Note 2 but specifically the reliance on cash injections from directors, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Ian Neal FCA CTA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

9. RELATED PARTY DISCLOSURES

During the year, the company traded with another company which is an associate of the parent company. At the year end, £43,104 (2023: £67,202) was included within trade debtors of which £43,104 (2023: £34,640) has been provided for as a bad debt.

10. ULTIMATE PARENT COMPANY

The company's immediate parent undertaking is Surescreen Holdings Limited, and ultimate parent undertaking is Surescreen Holdings (2022) Limited, which prepares group financial statements. The registered office of both Surescreen Holdings Limited and Surescreen Holdings (2022) Limited is 17 Eagle Park, Alfreton Road, Derby, DE21 4BF. Copies of the consolidated financial statements of Surescreen Holdings (2022) Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.