Scope International (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08504875 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

SCOPE INTERNATIONAL (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms J Kernan

A Bradshaw

REGISTERED OFFICE:

4th Floor, St Georges House

St George's Road

Bolton

Lancashire

BL1 2EN

REGISTERED NUMBER:

08504875 (England and Wales)

AUDITORS:

P B Syddall & Co

Chartered Accountants

& Statutory Auditors

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Tangible assets

5

8,046

11,443

CURRENT ASSETS

Debtors

6

8,465

13,697

Cash at bank and in hand

15,786

47,296

24,251

60,993

CREDITORS

Amounts falling due within one year

7

34,723

37,182

NET CURRENT (LIABILITIES)/ASSETS

(10,472

)

23,811

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,426

)

35,254

PROVISIONS FOR LIABILITIES

-

1,611

NET (LIABILITIES)/ASSETS

(2,426

)

33,643

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,526

)

33,543

(2,426

)

33,643

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 September 2018 and were signed on its behalf by:

Ms J Kernan - Director

1.	STATUTORY INFORMATION

Scope International (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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that

affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and

other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Short leasehold

-

Over the period of the lease

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

33% on cost

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.

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

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.

Going concern

At the balance sheet date the company had net liabilities of £2,426. The company has the support of its ultimate parent

company, Scope International AG. It has been indicated that this support will continue for the foreseeable future. The

director therefore considers it appropriate to prepare the financial statements on the going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Office

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

6,618

12,474

9,601

28,693

DEPRECIATION

At 1 January 2017

3,232

4,819

9,199

17,250

Charge for year

1,847

1,148

402

3,397

At 31 December 2017

5,079

5,967

9,601

20,647

NET BOOK VALUE

At 31 December 2017

1,539

6,507

-

8,046

At 31 December 2016

3,386

7,655

402

11,443

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Trade debtors

5,149

1,805

Other debtors

-

3,539

Tax

-

1,485

VAT

2,142

4,177

Prepayments and accrued income

1,174

2,691

8,465

13,697

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Bank loans and overdrafts

59

-

Trade creditors

14,359

19,322

Amounts owed to group undertakings

7,000

5,971

Tax

5,290

-

Social security and other taxes

-

9,101

Other creditors

2,899

1,422

Directors current account

116

116

Accruals and deferred income

5,000

1,250

34,723

37,182

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

The Report of the Auditors was unqualified.

P B Syddall F.C.A., F.C.I.E (Senior Statutory Auditor)

for and on behalf of P B Syddall & Co

9.	RELATED PARTY DISCLOSURES

During the year the company sold services to its ultimate parent company Scope International AG amounting to

£437,790 (2016 - £416,026). At the balance sheet date £5,149 (2016 - £1,805) was owed by Scope International AG

and is included within debtors due within one year.

The company has also purchased services from its ultimate parent company amounting to £4,806 (2016 - £3,731). At

the balance sheet date the company owed its parent company £8,537 (2016 - £3,731) which is included within creditors

due within one year.

At the balance sheet date £7,000 (2016 - £5,971) is owed to the ultimate parent company and is included within

creditors due within one year.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its parent company Scope International AG, a company incorporated in Germany which

is not under the control of any one individual.