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Financial Statements for the Year Ended 30 June 2019 |
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Scentrics Information Security |
Technologies Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30 June 2019 |
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for |
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Scentrics Information Security |
Technologies Limited |
Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Scentrics Information Security |
Technologies Limited |
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Company Information |
for the Year Ended 30 June 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Balance Sheet |
30 June 2019 |
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30.6.19 | 30.6.18 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Balance Sheet - continued |
30 June 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2019 |
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1. | STATUTORY INFORMATION |
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Scentrics Information Security Technologies Limited is a
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England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at |
cost plus any revaluation, less any accumulated amortisation and accumulated impairment losses. |
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Patents and licences are being amortised evenly over their estimated useful life of ten years. Patents and |
licences are measured at fair value using the revaluation model by reference to an active market. |
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Tangible fixed assets |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST OR VALUATION |
At 1 July 2018 |
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Additions |
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Revaluations |
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At 30 June 2019 |
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AMORTISATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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Cost or valuation at 30 June 2019 is represented by: |
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Other |
intangible |
assets |
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Valuation in 2017 | 559,995,455 |
Valuation in 2018 | 33,333,333 |
Valuation in 2019 | 33,333,333 |
Cost | 62,123 |
626,724,244 |
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If patents and licences had not been revalued they would have been included at the following historical |
cost: |
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30.6.19 | 30.6.18 |
£ | £ |
Cost | 62,123 | 53,522 |
Aggregate amortisation | (16,110 | ) | (9,897 | ) |
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Patents and licences were valued on an open market basis on 30 June 2019 by the directors . |
Scentrics Information Security |
Technologies Limited (Registered number: 06539484) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
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COST |
At 1 July 2018 |
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Additions |
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Disposals | ( |
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At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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