Scanbox (UK & Ireland) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Scanbox (UK & Ireland) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI623642 . The registered office is 2 Kildrum Industrial Estate, Kildrum Road, Shankbridge, Ballymena, BT42 3EY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10 - 20% Straight line
Computer Equipment	20% Straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Scanbox (UK & Ireland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect 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.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 6)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	207,566	-	207,566
Additions	-	2,932	2,932

As at 31 March 2025	207,566	2,932	210,498

Depreciation
As at 1 April 2024	48,351	-	48,351
Provided during the period	33,143	586	33,729

As at 31 March 2025	81,494	586	82,080

Net Book Value
As at 31 March 2025	126,072	2,346	128,418

As at 1 April 2024	159,215	-	159,215

5. Stocks

	2025	2024
	£	£
Materials	104,971	127,603

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Scanbox (UK & Ireland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	441,056	621,880
Prepayments and accrued income	12,893	1,942

	453,949	623,822

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,072	27,072
Trade creditors	426,196	312,435
Corporation tax	63,525	71,428
Other taxes and social security	13,687	5,648
VAT	109,568	118,976
Security bonds	2,921	3,819
Foodservice Support Solutions Ltd	-	349,482
Pension liability	2,027	1,074
Accruals and deferred income	-	4,809

	644,996	894,743

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	22,027	50,246

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	27,072	27,072
Later than one year and not later than five years	22,027	50,246

	49,099	77,318

	49,099	77,318

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Scanbox (UK & Ireland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Related Party Transactions

Foodservice Support Solutions (NI) Ltd charged Scanbox UK & Ireland Ltd a management fee of £141,406 for overheads and salary costs. (2024: £203,208))

Scanbox UK & Ireland Ltd charged Foodservice Support Solutions (NI) Ltd and Foodservice Holdings Ltd £155,705 & £NIL (2024:£49,971 & £7,579 ) respectively with regard to the reallocation of salary costs.

These transaction took place at arms length.

Contained with in current liabilities is an amount due to Fodservice Support Solutions (NI) Ltd of £Nil (2024 £349,482).

Mr Mark Matthews is a shareholder and director in Foodservices Holdings Limited the parent company of Foodservice Support Solutions Ltd.

During the year the company purchased products and services from Scanbox Thermo Products AB totalling £1,002,307. at the year end date an amnount of £373,232 was contained within trade payables.

Scanbox Thermo Products AB is the ultimate controlliing party of Scanbox Aquisitions Limited the parent company of Scanbox UK & Ireland Ltd.

These transactions took place at arms length.

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Mr Mark Matthews Director	Mr Henrik Jonsson Director	Mr Johan Olsson Director
16/09/2025

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		128,418		159,215

			128,418		159,215
CURRENT ASSETS
Stocks	5	104,971		127,603
Debtors	6	453,949		623,822
Cash at bank and in hand		90,879		34,449

		649,799		785,874
Creditors: Amounts Falling Due Within One Year	7	(644,996 )		(894,743 )

NET CURRENT ASSETS (LIABILITIES)			4,803		(108,869 )

TOTAL ASSETS LESS CURRENT LIABILITIES			133,221		50,346

Creditors: Amounts Falling Due After More Than One Year	8		(22,027 )		(50,246 )

NET ASSETS			111,194		100

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			111,094		-

SHAREHOLDERS' FUNDS			111,194		100