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Company No: 01036910 (England and Wales)

# SCANTRON INDUSTRIAL PRODUCTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

SCANTRON INDUSTRIAL PRODUCTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

SCANTRON INDUSTRIAL PRODUCTS LIMITED

## BALANCE SHEET

As at 31 May 2025
SCANTRON INDUSTRIAL PRODUCTS LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 16,842 |  | 27,779
|  | 16,842 |  | 27,779
Current assets |  |  |  |
Stocks | 4 | 418,312 |  | 412,596
Debtors | 5 | 239,347 |  | 171,100
Cash at bank and in hand |  | 730,972 |  | 409,768
|  | 1,388,631 |  | 993,464
Creditors: amounts falling due within one year | 6 | ( 224,816) |  | ( 94,924)
Net current assets |  | 1,163,815 |  | 898,540
Total assets less current liabilities |  | 1,180,657 |  | 926,319
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 28,374)
Provision for liabilities |  | ( 4,211) |  | 0
Net assets |  | 1,176,446 |  | 897,945
Capital and reserves |  |  |  |
Called-up share capital | 8 | 90 |  | 100
Capital redemption reserve | 8 | 10 |  | 0
Profit and loss account |  | 1,176,346 |  | 897,845
Total shareholder's funds |  | 1,176,446 |  | 897,945

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Scantron Industrial Products Limited (registered number: 01036910) were approved and authorised for issue by the Director on 24 November 2025. They were signed on its behalf by:

L Lindstrand Director |

SCANTRON INDUSTRIAL PRODUCTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
SCANTRON INDUSTRIAL PRODUCTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Scantron Industrial Products Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Monarch Centre Venture Way, Priorswood Industrial Estate, Taunton, TA2 8DE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is measured at the fair value of consideration received or receivable and is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been delivered to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 10 years straight line
Plant and machinery | 4 years straight line
Fixtures and fittings | 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Capital redemption reserve

The capital redemption reserve has arisen through a company purchase of own shares.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 9 |  | 8

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 June 2024 | 55,532 |  | 7,361 |  | 78,937 |  | 141,830
Additions | 0 |  | 0 |  | 2,235 |  | 2,235
At 31 May 2025 | 55,532 |  | 7,361 |  | 81,172 |  | 144,065
Accumulated depreciation |  |  |  |  |  |  |
At 01 June 2024 | 39,546 |  | 6,763 |  | 67,742 |  | 114,051
Charge for the financial year | 5,251 |  | 353 |  | 7,568 |  | 13,172
At 31 May 2025 | 44,797 |  | 7,116 |  | 75,310 |  | 127,223
Net book value |  |  |  |  |  |  |
At 31 May 2025 | 10,735 |  | 245 |  | 5,862 |  | 16,842
At 31 May 2024 | 15,986 |  | 598 |  | 11,195 |  | 27,779

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 418,312 |  | 412,596

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 226,022 |  | 106,257
Deferred tax asset | 0 |  | 50,957
Other debtors | 13,325 |  | 13,886
| 239,347 |  | 171,100

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 28,374 |  | 63,439
Trade creditors | 5,379 |  | 5,515
Taxation and social security | 105,551 |  | 7,175
Other creditors | 85,512 |  | 18,795
| 224,816 |  | 94,924

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 28,374

#### 8. Changes in equity

| Called-up share capital |  | Capital redemption reserve
| £ |  | £
At 01 June 2024 | 100 |  | 0
Share buy back | ( 10) |  | 10
At 31 May 2025 | 90 |  | 10
At 01 June 2023 | 100 |  | 0
At 31 May 2024 | 100 |  | 0

During the year the company entered into a company purchase of own shares transaction for 10 Ordinary shares for total consideration of £125,000.