SCIOM Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14315966

SCIOM Limited

Filleted Financial Statements

31 July 2025

SCIOM Limited

Statement of Financial Position

31 July 2025

	2025	2024
		(restated)
Note	£	£

Fixed assets

Tangible assets	5	339,153	330,387

Current assets

Stocks		27,416	28,994
Debtors	6	590,633	140,455
Cash at bank and in hand		7,786	13,758
		---------	---------
		625,835	183,207

Creditors: amounts falling due within one year	7	1,448,004	859,150
		------------	---------
Net current liabilities		822,169	675,943
		---------	---------
Total assets less current liabilities		( 483,016)	( 345,556)

Creditors: amounts falling due after more than one year	8	89,988	–
		---------	---------
Net liabilities		( 573,004)	( 345,556)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 573,104)	( 345,656)
	---------	---------
Shareholders deficit	( 573,004)	( 345,556)
	---------	---------

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 income statement has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

Mr P Somishetty

Director

Company registration number: 14315966

SCIOM Limited

Notes to the Financial Statements

Year ended 31 July 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 4 Martinfield Business Centre, Welwyn Garden City, Hertfordshire, AL7 1HG, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Long leasehold property	-	5% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Equipment	-	33% reducing balance

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 5 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024 (as restated)	160,131	182,541	27,210	14,197	384,079
Additions	–	77,073	1,618	1,531	80,222
	---------	---------	--------	--------	---------
At 31 July 2025	160,131	259,614	28,828	15,728	464,301
	---------	---------	--------	--------	---------
Depreciation
At 1 August 2024	8,007	36,565	5,158	3,962	53,692
Charge for the year	8,007	53,417	7,150	2,882	71,456
	---------	---------	--------	--------	---------
At 31 July 2025	16,014	89,982	12,308	6,844	125,148
	---------	---------	--------	--------	---------
Carrying amount
At 31 July 2025	144,117	169,632	16,520	8,884	339,153
	---------	---------	--------	--------	---------
At 31 July 2024	152,124	145,976	22,052	10,235	330,387
	---------	---------	--------	--------	---------

6. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	326,642	12,572
Other debtors	263,991	127,883
	---------	---------
	590,633	140,455
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
		(restated)
	£	£
Other debtors	172,359	–
	---------	----

The other debtors over one year relate to a deferred tax asset.

7. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Trade creditors	268,587	25,296
Amounts owed to group undertakings and undertakings in which the company has a participating interest	673,424	548,441
Social security and other taxes	126,345	12,667
Other creditors	379,648	272,746
	------------	---------
	1,448,004	859,150
	------------	---------

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

	2025	2024
		(restated)
	£	£
Other creditors	89,988	–
	--------	----

9. Going concern

At 31 July 2025 the company's liabilities exceed its assets by £573,004 (2024: £345,556). The company's parent company has stated that it will continue to financially support the company to enable it to continue trading for the foreseeable future.

10. Controlling party

Throughout the period the company's immediate and ultimate parent company is Novumgen Limited which was incorporated in the United Kingdom.

11. Prior period errors

The comparative figures for the year ended 31 July 2024 have been restated to correct an understatement of rent. This adjustment has resulted in an additional rent charge of £36,150 in the prior year profit and loss account, and a corresponding increase in accruals on the balance sheet. Consequently, the previously reported profit has been reduced by £36,150.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
		(restated)
	£	£
Later than 1 year and not later than 5 years	263,175	208,887
	---------	---------

13. Pension commitments

The company operates defined contributions pension schemes. The assets of the scheme are held separately from those of the company within independently administered funds. The total contributions paid in the period amounted to £18,015 (2024 : £5,333). Contributions of £1,823 (2024 : £3,040) were unpaid as at 31 July 2025.

14. Summary audit opinion

The auditor's report dated 30 July 2026 was qualified on the following basis:

We were appointed as auditors of the company on 15 January 2026. The accounts for the year ended 31 July 2024 were not audited. Consequently,the opening balances as at 1 August 2024 and the comparative figures for the year ended 31 July 2025 were not audited. We were unable to obtain sufficient appropriate audit evidence regarding the opening balances due to inadequate supporting documentation. Consequently, we were unable to determine whether any adjustments were necessary in respect of the opening statement of financial position as at 1 August 2024 or to the income statement for the year ended 31 July 2025. The senior statutory auditor was Mark Illingsworth BA FCA , for and on behalf of Versant Associates LLP .

15. Related party transactions

At 31 July 2025 the company owed £246,389 (2024 : £154,700) to related parties. All of the related party companies share the same directors. At the balance sheet date company owned £69,230 to the directors of the company.