REGISTERED NUMBER: 03430476 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Scan Com Distribution Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C B Kotecha

K B Kotecha

REGISTERED OFFICE:

18a Meridian East

Meridian Business Park

Leicester

LE19 1WZ

REGISTERED NUMBER:

03430476 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

166,380

177,593

CURRENT ASSETS

Stocks

5,455,064

4,387,105

Debtors

5

2,265,198

795,556

Cash at bank and in hand

29,500,542

30,041,651

37,220,804

35,224,312

CREDITORS

Amounts falling due within one year

6

(33,202,103

)

(32,045,255

)

NET CURRENT ASSETS

4,018,701

3,179,057

TOTAL ASSETS LESS CURRENT LIABILITIES

4,185,081

3,356,650

CREDITORS

Amounts falling due after more than one year

7

(72,766

)

(69,317

)

PROVISIONS FOR LIABILITIES

(41,595

)

(44,398

)

NET ASSETS

4,070,720

3,242,935

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

4,020,720

3,192,935

4,070,720

3,242,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 23 September 2025 and were signed on its behalf by:

C B Kotecha - Director

1.	STATUTORY INFORMATION

Scan Com Distribution 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.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33 1/3% on cost

Stocks

Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

5,736

3,378

312,485

Additions

-

1,100

6,039

Disposals

-

-

-

At 31 December 2024

5,736

4,478

318,524

DEPRECIATION

At 1 January 2024

5,661

1,139

293,034

Charge for year

75

666

5,756

Eliminated on disposal

-

-

-

At 31 December 2024

5,736

1,805

298,790

NET BOOK VALUE

At 31 December 2024

-

2,673

19,734

At 31 December 2023

75

2,239

19,451

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

168,019

42,424

532,042

Additions

88,900

12,842

108,881

Disposals

(105,529

)

-

(105,529

)

At 31 December 2024

151,390

55,266

535,394

DEPRECIATION

At 1 January 2024

30,889

23,726

354,449

Charge for year

23,678

14,008

44,183

Eliminated on disposal

(29,618

)

-

(29,618

)

At 31 December 2024

24,949

37,734

369,014

NET BOOK VALUE

At 31 December 2024

126,441

17,532

166,380

At 31 December 2023

137,130

18,698

177,593

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

296,460

216,852

Other debtors

1,968,738

578,704

2,265,198

795,556

Other debtors includes prepayments and accrued income of £47,429 (2023 - £40,804).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

42,624

Hire purchase contracts

10,482

8,884

Trade creditors

725,056

743,093

Taxation and social security

9,114

1,226,757

Other creditors

32,457,451

30,023,897

33,202,103

32,045,255

Other creditors includes accruals and deferred income of £33,873 (2023 - £65,284).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

72,766

69,317

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdraft

-

42,624

Hire purchase contracts

83,248

78,201

83,248

120,825

Hire purchase liabilities are secured on the individual assets being so acquired.

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £38,685 (2023 - £90,548)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

C B Kotecha

Balance outstanding at start of year

-

-

Amounts advanced

112,651

12,601

Amounts repaid

(112,651

)

(12,601

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

K B Kotecha

Balance outstanding at start of year

-

-

Amounts advanced

15,462

-

Amounts repaid

(15,462

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above loans were subject to HMRC's official rate of interest and were repayable on demand.