REGISTERED NUMBER: 02151037 (England and Wales)

SCANNA MSC LIMITED

ABRIDGED AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N S Cummings

SECRETARY:

Ms L Malpass

REGISTERED OFFICE:

80 Portland Place

2nd Floor

London

W1B 1NT

REGISTERED NUMBER:

02151037 (England and Wales)

AUDITORS:

Brindley Millen Limited

Statutory Auditors

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

BANKERS:

National Westminster Bank plc

City of London Office

PO Box 12258

1 Princes Street

London

EC2R 8PA

FIXED ASSETS

Intangible assets

4

163,195

-

Tangible assets

5

185,252

207,030

348,447

207,030

CURRENT ASSETS

Stocks

2,869,891

2,357,356

Debtors

1,076,112

1,050,959

Cash at bank and in hand

2,911,715

5,264,968

6,857,718

8,673,283

CREDITORS

Amounts falling due within one year

1,272,388

789,802

NET CURRENT ASSETS

5,585,330

7,883,481

TOTAL ASSETS LESS CURRENT LIABILITIES

5,933,777

8,090,511

CREDITORS

Amounts falling due after more than one year

(17,245

)

-

PROVISIONS FOR LIABILITIES

-

(25,334

)

NET ASSETS

5,916,532

8,065,177

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

5,915,532

8,064,177

SHAREHOLDERS' FUNDS

5,916,532

8,065,177

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 4 December 2025 and were signed by:

N S Cummings - Director

1.	STATUTORY INFORMATION

Scanna Msc 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.

The presentational and functional currency is £ sterling.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales are recognised on despatch of goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

The above assets are initially included at cost and then depreciated as stated. The carrying values are reviewed at the year end for impairment if circumstances indicate that the full carrying value may not be recoverable.

Stocks

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 items.

Cost is calculated using the 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 the 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.

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.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

200,855

At 31 March 2025

200,855

AMORTISATION

Amortisation for year

37,660

At 31 March 2025

37,660

NET BOOK VALUE

At 31 March 2025

163,195

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

523,747

Additions

53,565

At 31 March 2025

577,312

DEPRECIATION

At 1 April 2024

316,717

Charge for year

75,343

At 31 March 2025

392,060

NET BOOK VALUE

At 31 March 2025

185,252

At 31 March 2024

207,030

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

34,025

At 31 March 2025

34,025

DEPRECIATION

Charge for year

1,418

At 31 March 2025

1,418

NET BOOK VALUE

At 31 March 2025

32,607

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

9,407

-

Between one and five years

17,245

-

26,652

-

Non-cancellable operating

leases

31.3.25

31.3.24

£

£

Within one year

109,042

115,792

Between one and five years

309,000

370,750

In more than five years

99,375

139,125

517,417

625,667

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Maurice Brindley (Senior Statutory Auditor)

for and on behalf of Brindley Millen Limited