Scandex Limited
Scandex Limited
Registered number: 00974577
Unaudited Financial Statements
For The Year Ended
29 February 2020
Scandex Limited
Unaudited Financial Statements
For The Year Ended
29 February 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Scandex Limited
Balance Sheet
As at
29 February 2020
Balance Sheet
Registered number:
00974577
For the year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 363,098 | 50,118 | |||
Page 1
Scandex Limited
Balance Sheet (continued)
As at
29 February 2020
Directors' responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Scandex Limited
Notes to the Financial Statements
For The Year Ended
29 February 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Land and buildings |
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| Plant & Machinery |
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1.4.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5.
Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
1.6.
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
2.
Average Number of Employees
| 2020 | 2019 | ||
|---|---|---|---|
| Average number of employees, including directors, during the year |
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Page 3
Scandex Limited
Notes to the Financial Statements (continued)
For The Year Ended
29 February 2020
3.
Tangible Assets
| Land & Property | |||
|---|---|---|---|
| Land and buildings | Plant & Machinery | Total | |
| £ | £ | £ | |
| Cost | |||
| As at
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| As at
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| Depreciation | |||
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |||
| As at
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| As at
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4.
Investments
| Other | |
|---|---|
| £ | |
| Cost | |
| As at
|
7,598 |
| As at
|
7,598 |
| Provision | |
| As at
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- |
| As at
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- |
| Net Book Value | |
| As at
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7,598 |
| As at
|
7,598 |
Page 4
Scandex Limited
Notes to the Financial Statements (continued)
For The Year Ended
29 February 2020
5.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Amounts owed by group undertakings | - | 51,749 | |
| Other debtors | 409 | 4,601 | |
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6.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Amounts owed by group undertakings | 21,930 | 29,669 | |
| Other creditors | 2,381 | 1,243 | |
| Taxation and social security | 77,594 | - | |
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7.
Ultimate parent company
The ultimate parent company is Scandex Gibraltar Limited, a company registered in Gibraltar.
8.
General Information
Scandex Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
00974577
. The registered office is 71-75 Shelton Street, London, England, WC2H 9JQ.
Page 5