REGISTERED NUMBER: 14743895 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

SCS Concept Group UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Alabidi

E Meletti

C G Tinti

REGISTERED OFFICE:

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

REGISTERED NUMBER:

14743895 (England and Wales)

AUDITORS:

Morley & Co (UK) Ltd

Statutory Auditor, Chartered Certified Accountants

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

11,626

10,452

CURRENT ASSETS

Stocks

217

318

Debtors

5

154,367

30,135

Cash at bank

67,511

226,276

222,095

256,729

CREDITORS

Amounts falling due within one year

6

126,748

199,491

NET CURRENT ASSETS

95,347

57,238

TOTAL ASSETS LESS CURRENT LIABILITIES

106,973

67,690

CREDITORS

Amounts falling due after more than one year

7

160,935

114,034

NET LIABILITIES

(53,962

)

(46,344

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(63,962

)

(56,344

)

(53,962

)

(46,344

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

F Alabidi - Director

1.	STATUTORY INFORMATION

SCS Concept Group UK Ltd 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 directors have considered the company’s financial position, including that at the balance sheet date it had net liabilities of £53,962. Notwithstanding this, the directors consider the going concern basis to be appropriate for the reasons set out in the Going Concern note

Related party exemption

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 with wholly owned subsidiaries within the group.

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.

Long leasehold

-

Straight line over 10 years

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2025

3,204

7,495

1,370

12,069

Additions

-

4,250

-

4,250

At 31 December 2025

3,204

11,745

1,370

16,319

DEPRECIATION

At 1 January 2025

480

762

375

1,617

Charge for year

321

2,413

342

3,076

At 31 December 2025

801

3,175

717

4,693

NET BOOK VALUE

At 31 December 2025

2,403

8,570

653

11,626

At 31 December 2024

2,724

6,733

995

10,452

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

38,421

240

Other debtors

7,800

7,800

Deferred tax asset

13,891

-

Accrued income

84,346

-

Prepayments

9,909

10,223

154,367

18,263

Amounts falling due after more than one year:

Deferred Tax

-

11,872

Aggregate amounts

154,367

30,135

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

95,101

127,028

Taxation and social security

7,466

50,926

Other creditors

24,181

21,537

126,748

199,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

160,935

114,034

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

35,253

35,253

Between one and five years

54,818

90,071

90,071

125,324

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

The Report of the Auditors was unqualified.

Paul King (Senior Statutory Auditor)

for and on behalf of Morley & Co (UK) Ltd

10.	ULTIMATE PARENT COMPANY

The ultimate holding company is SCS Concept Group S.R.L, accounts of which can be obtained from the registered office of SCS Concept Group S.R.L at Via Manfredo Camperio 9 Cap, Milan, Italy, 20123. As the company is a 100% owned subsidiary of SCS Concept Group S.R.L, in accordance with the exemption available within FRS102, it is not required to disclose its related party transactions with group members as such details are available from the parent company's financial statements.