Scaan (FIH) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03267626 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 October 2014

for

Scaan (FIH) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M A Fox

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

03267626 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

2

3,692

5,163

CURRENT ASSETS

Stocks

625

625

Debtors

125,968

82,450

Cash at bank

53,006

84,423

179,599

167,498

CREDITORS

Amounts falling due within one year

41,939

58,701

NET CURRENT ASSETS

137,660

108,797

TOTAL ASSETS LESS CURRENT LIABILITIES

141,352

113,960

CAPITAL AND RESERVES

Called up share capital

3

103

103

Profit and loss account

141,249

113,857

SHAREHOLDERS' FUNDS

141,352

113,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 June 2015 and were signed by:

M A Fox - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Leasing commitments

Operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

10,054

Additions

291

At 31 October 2014

10,345

DEPRECIATION

At 1 November 2013

4,891

Charge for year

1,762

At 31 October 2014

6,653

NET BOOK VALUE

At 31 October 2014

3,692

At 31 October 2013

5,163

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary A

£1

100

100

3

Ordinary B

£1

3

3

103

103