The Scientific Instrument Centre Limited 31/12/2024 iXBRL

Company registration number: 00435060

The Scientific Instrument Centre Limited

Abridged filleted financial statements

31 December 2024

The Scientific Instrument Centre Limited

Contents

Directors and other information

Directors responsibilities statement

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

The Scientific Instrument Centre Limited

Directors and other information


	Directors	Mr Robert Hill-Smith
		Mr Jonathan Marsh


	Company number	00435060


	Registered office	Sullivan Court, Wessex Way
		Colden Common
		Winchester
		Hants
		SO21 1WP


	Auditor	Sutton McGrath Hartley
		5 Westbrook Court
		Sharrowvale Road
		Sheffield
		S11 8YZ


	Accountants	Winchester Bourne Ltd
		Sullivan Court
		Wessex Way, Colden Common
		Winchester
		Hampshire
		SO21 1WP

The Scientific Instrument Centre Limited

Directors responsibilities statement

Year ended 31 December 2024

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Scientific Instrument Centre Limited

Abridged statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	6	10,100		7,924
		_______		_______
			10,100		7,924

Current assets
Stocks		97,282		158,268
Debtors	7	441,238		321,545
Cash at bank and in hand		222,876		286,096
		_______		_______
		761,396		765,909
Creditors: amounts falling due
within one year	8	( 617,608)		( 435,390)
		_______		_______
Net current assets			143,788		330,519
			_______		_______
Total assets less current liabilities			153,888		338,443


Provisions for liabilities			( 1,326)		107

			_______		_______
Net assets			152,562		338,550
			_______		_______

Capital and reserves
Called up share capital	9		100,000		100,000
Profit and loss account			52,562		238,550
			_______		_______
Shareholders funds			152,562		338,550
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:

Mr Jonathan Marsh

Director

Company registration number: 00435060

The Scientific Instrument Centre Limited

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2023	100,000	368,050	468,050

Profit for the year		270,500	270,500
	_______	_______	_______
Total comprehensive income for the year	-	270,500	270,500

Dividends paid and payable		( 400,000)	( 400,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 400,000)	( 400,000)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	100,000	238,550	338,550

Profit for the year		354,012	354,012
	_______	_______	_______
Total comprehensive income for the year	-	354,012	354,012

Dividends paid and payable		( 540,000)	( 540,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 540,000)	( 540,000)

	_______	_______	_______
At 31 December 2024	100,000	52,562	152,562
	_______	_______	_______

The Scientific Instrument Centre Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Sullivan Court, Wessex Way, Colden Common, Winchester, Hants, SO21 1WP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectationthat the company has adequate resources to continue in operational existence for the foreseeablefuture. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	33 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line
Computer Equipment	-	33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Value Added Tax (VAT)

Revenue, expenses, and assets are recorded net of VAT, except:

Where the amount of VAT incurred is not recoverable from HM R evenue & Customs, in which case it is recognised as part of the cost of the related asset or expense. For receivables and payables that are stated inclusive of VAT where applicable. The company is registered for VAT and applies the Standard VAT scheme. Under the Standard scheme, VAT is accounted for on a accrual basis. Any irrecoverable VAT is charged to the profit and loss account as incurred.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 10 ).

5. Dividends

Equity dividends

	2024	2023
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	540,000	400,000
	_______	_______

6. Tangible assets


		£
	Cost
	At 1 January 2024	86,717
	Additions	11,312
	Disposals	( 4,737)
		_______
	At 31 December 2024	93,292
		_______
	Depreciation
	At 1 January 2024	78,793
	Charge for the year	5,188
	Disposals	( 789)
		_______
	At 31 December 2024	83,192
		_______
	Carrying amount
	At 31 December 2024	10,100
		_______
	At 31 December 2023	7,924
		_______

7. Debtors

	2024	2023
	£	£
Trade debtors	413,036	290,512
Other debtors	28,202	31,033
	_______	_______
	441,238	321,545
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	140,701	30,404
Corporation tax	116,571	79,920
Social security and other taxes	79,904	74,881
Other creditors	280,432	250,185
	_______	_______
	617,608	435,390
	_______	_______

9. Called up share capital

Authorised share capital

	2024		2023
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100,000	100,000	100,000	100,000
	_______	_______	_______	_______

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100,000	100,000	100,000	100,000
	_______	_______	_______	_______

10. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	19,224	11,447
Later than 1 year and not later than 5 years	19,224	-
	_______	_______
	38,448	11,447
	_______	_______

11. Summary audit opinion

The auditor's report dated 13 August 2025 was unqualified.

The senior statutory auditor was James Salim FCCA for and on behalf of Sutton McGrath Hartley

12. Controlling party

The ultimate controlling party is Perrin & Partners Ltd. Registered office 17 Doneraile Street, London, England, SW6 6EL.