REGISTERED NUMBER: 03412586 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SCANDINAVIAN UNDERWRITERS AGENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Kerby

REGISTERED OFFICE:

Springwood

Church End

Weston Colville

Cambridgeshire

CB21 5PA

REGISTERED NUMBER:

03412586 (England and Wales)

ACCOUNTANTS:

Chater Allan LLP

Chartered Accountants

7 Quy Court

Colliers Lane

Stow-cum-Quy

Cambridgeshire

CB25 9AU

FIXED ASSETS

Tangible assets

4

676

1,518

CURRENT ASSETS

Stocks

5

35,228

46,679

Debtors

6

86,908

99,902

Cash at bank

253,999

172,838

376,135

319,419

CREDITORS

Amounts falling due within one year

7

63,518

24,786

NET CURRENT ASSETS

312,617

294,633

TOTAL ASSETS LESS CURRENT LIABILITIES

313,293

296,151

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

308,293

291,151

SHAREHOLDERS' FUNDS

313,293

296,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2026 and were signed by:

C J Kerby - Director

1.	STATUTORY INFORMATION

Scandinavian Underwriters Agency 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is derived from the principal activity of marine surveying and consultancy.

Turnover represents net invoiced sales of services rendered excluding value added tax.

In line with Financial Reporting Standard 102, Revenue Recognition income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33.3% per annum straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2025

and 31 December 2025

2,759

DEPRECIATION

At 1 January 2025

1,241

Charge for year

842

At 31 December 2025

2,083

NET BOOK VALUE

At 31 December 2025

676

At 31 December 2024

1,518

5.

STOCKS

2025

2024

£

£

Work-in-progress

35,228

46,679

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

31,241

18,943

VAT

7,170

2,390

Prepayments and accrued income

48,497

78,569

86,908

99,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,876

3,114

Tax

26,550

14,021

Director's current accounts

13,842

6,401

Accruals and deferred income

1,250

1,250

63,518

24,786

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by a director, Mr C J Kerby, who owns 50.1% of the called up share capital.