SCN UK Group Ltd 31/03/2025 iXBRL

Company registration number: 02168609

SCN UK Group Ltd

Filleted financial statements

31 March 2025

SCN UK Group Ltd

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

SCN UK Group Ltd

Directors and other information


Directors	C Koetsier
	E Ahlqvist
	M Fassi
	M Ullskog	(Appointed 21 June 2024)


Company number	02168609


Registered office	46 Hall Lane
	Walsall Wood
	Walsall
	West Midlands
	WS9 9DB


Auditor	Lindley & Co
	Suite 4 Europa House
	Europa Way, Britannia Enterprise Park
	Lichfield
	Staffordshire
	WS14 9TZ




	Bankers	Bank of Scotland
		2 Bankshead
		Crossway North
		Edinburgh
		EH11 4DT

SCN UK Group Ltd

Directors responsibilities statement

Year ended 31 March 2025

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.

SCN UK Group Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,026		1,948
		_______		_______
			1,026		1,948

Current assets
Stocks		87,879		242,175
Debtors	6	155,027		306,293
Cash at bank and in hand		370,310		60,753
		_______		_______
		613,216		609,221
Creditors: amounts falling due
within one year	7	( 324,782)		( 442,126)
		_______		_______
Net current assets			288,434		167,095
			_______		_______
Total assets less current liabilities			289,460		169,043

Creditors: amounts falling due
after more than one year	8		( 5,833)		( 15,833)
			_______		_______
Net assets			283,627		153,210
			_______		_______

Capital and reserves
Called up share capital			100		100
Capital redemption reserve			210,000		210,000
Profit and loss account			73,527		( 56,890)
			_______		_______
Shareholders funds			283,627		153,210
			_______		_______

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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 June 2025 , and are signed on behalf of the board by:

E Ahlqvist

Director

Company registration number: 02168609

SCN UK Group Ltd

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	100	210,000	( 236,689)	( 26,589)

Profit for the year			179,799	179,799
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	179,799	179,799

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	210,000	( 56,890)	153,210

Profit for the year			130,417	130,417
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	130,417	130,417

	_______	_______	_______	_______
At 31 March 2025	100	210,000	73,527	283,627
	_______	_______	_______	_______

SCN UK Group Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is SCN UK Group Ltd, 46 Hall Lane, Walsall Wood, Walsall, West Midlands, WS9 9DB.

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.

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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:


Fittings fixtures and 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.

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.

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. 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	2,793	2,793
	_______	_______
Depreciation
At 1 April 2024	845	845
Charge for the year	922	922
	_______	_______
At 31 March 2025	1,767	1,767
	_______	_______
Carrying amount
At 31 March 2025	1,026	1,026
	_______	_______
At 31 March 2024	1,948	1,948
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	146,000	198,748
Other debtors	9,027	107,545
	_______	_______
	155,027	306,293
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	189,661	117,730
Amounts owed to group undertakings and undertakings in which the company has a participating interest	49,472	250,000
Corporation tax	43,500	-
Social security and other taxes	23,107	2,294
Other creditors	9,042	62,102
	_______	_______
	324,782	442,126
	_______	_______

The bank loan is an unsecured Coronavirus Bounce Back loan. Interest is payable at 2.50%

There is an unsecured loan from a group undertaking totalling £49,472 (2024 £250,000).This loan is repayable on demand Interest is payable at 5.83%

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,833	15,833
	_______	_______

The bank loan is an unsecured Coronavirus Bounce Back loan. Interest is payable at 2.50%

9. Summary audit opinion

The auditor's report dated 04 June 2025 was unqualified.

The senior statutory auditor was Sandra Kay Lindley for and on behalf of Lindley & Co

10. Ethical standards

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. Controlling party

The company is a wholly owned subsidiary of Addtech Nordic AB, a company incorporated and registered in Sweden. The smallest group in which the results are incorporated is that headed by Addrech Nordic AB. The consolidated accounts are available from this company's website.