SCS Automation UK Limited,Ltd - AccountsLtd - Accounts

SCS AUTOMATION UK LIMITED - Company Information

Print Friendly Version

SCS Automation UK Limited

Registered Number:09223083

For the year ended 30 June 2021

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2021

SCS Automation UK Limited

Contents Page

Statement of Financial Position

2 to 5

Notes to the Financial Statements

Registered Number :

09223083

As at 30 June 2021

SCS Automation UK Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Intangible assets

813

1,237

Property, plant and equipment

10,867

16,133

11,680

17,370

Current assets

Inventories

63,522

Trade and other receivables

62,677

151,288

151,732

Cash and cash equivalents

120,773

335,583

277,931

Trade and other payables: amounts falling due within

one year

(146,515)

(219,100)

131,416

116,483

Net current assets

Total assets less current liabilities

128,163

148,786

Trade and other payables: amounts falling due after

more than one year

(178,056)

(115,178)

(1,521)

(752)

Provisions for liabilities

11,464

Net assets/liabilities

(30,022)

Capital and reserves

Called up share capital

100

Retained earnings

11,364

(30,122)

11,464

(30,022)

Shareholders' funds

For the year ended 30 June 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

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

1 of 5

Registered Number :

09223083

For the year ended 30 June 2021

SCS Automation UK Limited

Statement of Financial Position Continued

Mr Max Hampton Smith Director

These financial statements were approved and authorised for issue by the Board on 24 March 2022 and were signed by:

The notes form part of these financial statements

2 of 5

For the year ended 30 June 2021

SCS Automation UK Limited

Notes to the Financial Statements

Statutory Information

SCS Automation UK Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09223083.

Registered address:

Units 4/5 Redlake Lane

Wokingham

Berkshire

RG40 3BF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention

as modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight line

Computer Equipment

20% Straight line

Motor Vehicles

20% Straight line

Furniture and Fittings

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Inventories

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

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

3 of 5

For the year ended 30 June 2021

SCS Automation UK Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Other

Intangible

Assets

Cost or valuation

At 01 July 2020

2,120

At 30 June 2021

2,120

Amortisation

At 01 July 2020

883

424

Charge for year

At 30 June 2021

1,307

Net book value

At 30 June 2021

813

At 30 June 2020

1,237

3. Property, plant and equipment

Total

Computer

Equipment

Furniture and

Fittings

Motor

Vehicles

Plant and

Machinery

Cost or

valuation

At 01 July 2020

26,381

825

2,206

20,995

2,355

At 30 June 2021

20,995

2,206

825

26,381

2,355

Provision for depreciation and impairment

At 01 July 2020

10,248

165

802

8,398

883

Charge for year

5,266

165

441

4,199

461

At 30 June 2021

15,514

330

1,243

12,597

1,344

At 30 June 2021

Net book value

1,011

8,398

963

495

10,867

At 30 June 2020

1,472

12,597

1,404

660

16,133

4. Inventories

2020

2021

Stocks

63,522

4 of 5

For the year ended 30 June 2021

SCS Automation UK Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2020

2021

Trade debtors

94,368

59,723

Other debtors

56,920

2,954

62,677

151,288

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

Other debtors

12,597

6. Trade and other payables: amounts falling due within one year

2020

2021

Bank loans and overdraft (secured)

60,498

44,658

Trade creditors

55,201

30,086

Taxation and social security

20,200

18,711

Other creditors

83,201

53,060

219,100

146,515

7. Trade and other payables: amounts falling due after more than one year

2020

2021

Bank loans and overdraft (secured)

111,730

169,436

Other creditors

3,448

8,620

115,178

178,056

8. Related party transactions

An interest free loan was made to the company Kamax Services Ltd, which is a company controlled by Mr M

Smith. The amount due at the year end is £5,473 (2020 - £1,473).

An interest free loan was made by the company Security Control Systems Ltd, which is a company controlled

by Mr M Smith. The amount due at the year end is £17,705 (2020 - £12,991).

A loan charged at 2% was made by the company to Mr M Smith. The amount due at the year end is £38,760

(2020 - £nil).

9. Average number of persons employed

During the year the average number of employees was 8 (2020 : 5)

5 of 5