Company Registration No. 03265708 (England and Wales)
Sceptre Networking Limited
Unaudited accounts
for the year ended 30 June 2025
Sceptre Networking Limited
Unaudited accounts
Contents
Sceptre Networking Limited
Statement of financial position
as at 30 June 2025
Tangible assets
422,086
389,862
Cash at bank and in hand
449,375
496,250
Creditors: amounts falling due within one year
(592,242)
(523,679)
Net current assets
659,077
483,583
Total assets less current liabilities
1,081,163
873,445
Provisions for liabilities
Deferred tax
(42,164)
(38,185)
Net assets
1,038,999
835,260
Called up share capital
354
354
Share premium
27,980
27,980
Profit and loss account
1,010,665
806,926
Shareholders' funds
1,038,999
835,260
For the year ending 30 June 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by
D A Benning
Director
Company Registration No. 03265708
Sceptre Networking Limited
Notes to the Accounts
for the year ended 30 June 2025
Sceptre Networking Limited is a private company, limited by shares, registered in England and Wales, registration number 03265708. The registered office is 16 Canvin Court, Somerton Business Park, Somerton, Somerset, TA11 6SB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
50% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Sceptre Networking Limited
Notes to the Accounts
for the year ended 30 June 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2024
237,120
110,751
221,224
38,534
61,415
669,044
Additions
-
20,746
17,350
6,400
37,217
81,713
Disposals
-
(1,532)
(1,835)
(1,332)
(29,625)
(34,324)
At 30 June 2025
237,120
129,965
236,739
43,602
69,007
716,433
At 1 July 2024
-
85,453
115,589
21,222
56,918
279,182
Charge for the year
-
9,092
30,704
4,562
4,533
48,891
On disposals
-
(1,168)
(1,628)
(1,332)
(29,598)
(33,726)
At 30 June 2025
-
93,377
144,665
24,452
31,853
294,347
At 30 June 2025
237,120
36,588
92,074
19,150
37,154
422,086
At 30 June 2024
237,120
25,298
105,635
17,312
4,497
389,862
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
756,719
448,233
Accrued income and prepayments
18,898
18,817
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
5,930
Trade creditors
371,610
352,081
Taxes and social security
126,125
160,288
Other creditors
4,055
3,345
Sceptre Networking Limited
Notes to the Accounts
for the year ended 30 June 2025
7
Operating lease commitments
2025
2024
At 30 June 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,311
-
Later than one year and not later than five years
-
14,656
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Average number of employees
During the year the average number of employees was 35 (2024: 28).