Topscan (UK) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04513312 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Topscan (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Lamplugh

Mrs J L Kemp

C Coombes

A M Walker

REGISTERED OFFICE:

Unit 17 Lancaster Road

Sarum Business Park

Old Sarum

Salisbury

Wiltshire

SP4 6FB

REGISTERED NUMBER:

04513312 (England and Wales)

ACCOUNTANTS:

Rawlence and Browne UDY Limited

T/A Potter and Pollard

Unit 17 Lancaster Road

Sarum Business Park

Old Sarum

Salisbury

Wiltshire

SP4 6FB

FIXED ASSETS

Intangible assets

4

43,510

56,513

Tangible assets

5

87,201

88,424

130,711

144,937

CURRENT ASSETS

Stocks

1,444

1,444

Debtors

6

787,512

693,524

Cash at bank

325,211

561,118

1,114,167

1,256,086

CREDITORS

Amounts falling due within one year

7

441,960

592,624

NET CURRENT ASSETS

672,207

663,462

TOTAL ASSETS LESS CURRENT LIABILITIES

802,918

808,399

CREDITORS

Amounts falling due after more than one year

8

-

(5,087

)

PROVISIONS FOR LIABILITIES

(16,014

)

(16,803

)

NET ASSETS

786,904

786,509

CAPITAL AND RESERVES

Called up share capital

10

20,000

20,000

Retained earnings

766,904

766,509

SHAREHOLDERS' FUNDS

786,904

786,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 May 2023 and were signed on its behalf by:

C Coombes - Director

Mrs J L Kemp - Director

A Lamplugh - Director

A M Walker - Director

1.	STATUTORY INFORMATION

Topscan (UK) 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance

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 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 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2021 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

130,023

AMORTISATION

At 1 January 2022

73,510

Charge for year

13,003

At 31 December 2022

86,513

NET BOOK VALUE

At 31 December 2022

43,510

At 31 December 2021

56,513

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

419,146

Additions

23,898

At 31 December 2022

443,044

DEPRECIATION

At 1 January 2022

330,722

Charge for year

25,121

At 31 December 2022

355,843

NET BOOK VALUE

At 31 December 2022

87,201

At 31 December 2021

88,424

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

401,662

385,025

Other debtors

385,850

308,499

787,512

693,524

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Hire purchase contracts

5,087

12,209

Trade creditors

161,798

208,269

Taxation and social security

220,856

293,163

Other creditors

54,219

78,983

441,960

592,624

The finance leases of £5,087 are secured on the assets concerned.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Hire purchase contracts

-

5,087

9.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

The total amount of operating lease commitments not included in the balance sheet is £31,106.

£11,665 of the total balance expires no later than one year. £19,441 of the total balance expires later than one year, but not later than five years.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

10,000

Ordinary A

1

10,000

10,000

8,000

Ordinary B

1

8,000

8,000

2,000

Ordinary C

1

2,000

2,000

20,000

20,000