REGISTERED NUMBER: NI623642 (Northern Ireland)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2025 TO 31 DECEMBER 2025

FOR

SCANBOX (UK & IRELAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

H Jonsson

M Mathews

J Olsson

REGISTERED OFFICE:

Kildrum Industrial Estate Kildrum Road

Shankbridge

Ballymena

Co. Antrim

BT42 3EY

REGISTERED NUMBER:

NI623642 (Northern Ireland)

AUDITORS:

Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

BANKERS:

Ulster Bank

49 Wellington Street

Ballymena

BT43 6AD

FIXED ASSETS

Tangible assets

4

147,727

128,418

CURRENT ASSETS

Stocks

182,621

104,971

Debtors

5

362,071

453,949

Cash at bank

122,084

90,879

666,776

649,799

CREDITORS

Amounts falling due within one year

6

556,186

644,996

NET CURRENT ASSETS

110,590

4,803

TOTAL ASSETS LESS CURRENT LIABILITIES

258,317

133,221

CREDITORS

Amounts falling due after more than one year

7

(28,795

)

(22,027

)

PROVISIONS FOR LIABILITIES

(35,852

)

-

NET ASSETS

193,670

111,194

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

193,570

111,094

193,670

111,194

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 Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

M Mathews - Director

J Olsson - Director

H Jonsson - Director

1.	STATUTORY INFORMATION

Scanbox (UK & Ireland) Ltd is a private company, limited by shares , registered in Northern Ireland. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and Machinery - 8 years useful life with an estimated residual value of 20%

Fixtures and Fittings - 20% Straight Line

Motor Vehicles - 20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment of fixed assets

Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use. Fixed assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

210,498

Additions

34,338

At 31 December 2025

244,836

DEPRECIATION

At 1 April 2025

82,080

Charge for period

15,029

At 31 December 2025

97,109

NET BOOK VALUE

At 31 December 2025

147,727

At 31 March 2025

128,418

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

£

Trade debtors

306,154

441,056

Other debtors

55,917

12,893

362,071

453,949

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

£

Hire purchase contracts (see note 8)

22,654

27,072

Trade creditors

362,724

426,196

Taxation and social security

99,846

186,779

Other creditors

70,962

4,949

556,186

644,996

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.3.25

£

£

Hire purchase contracts (see note 8)

28,795

22,027

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.3.25

£

£

Net obligations repayable:

Within one year

22,654

27,072

Between one and five years

28,795

22,027

51,449

49,099

Non-cancellable

operating leases

31.12.25

31.3.25

£

£

Within one year

28,592

30,252

Between one and five years

59,456

80,651

88,048

110,903

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

As the previous financial statements were unaudited we have not been able to reconcile the physical inventories held at 31 March 2025 amounting to £104,971 to the company records. Consequently we were unable to determine whether any adjustment of this amount at 31 March 2025 was required or whether there was any consequential effect on the cost of sales for the period ended 31 December 2025.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note ten to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Eimear Brown (Senior Statutory Auditor)

for and on behalf of Baker Tilly Mooney Moore

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted under normal market conditions.

11.	ULTIMATE CONTROLLING PARTY

The company’s immediate parent undertaking is Scanbox Acquisitions Limited, a company incorporated in Northern Ireland, which owns 100% of the ordinary share capital of the company.

The ultimate parent undertaking and controlling party is Scanbox Thermo Products AB, a company incorporated and registered in Sweden. The company’s results are included in the consolidated financial statements of that undertaking.