Scion Solutions Ltd - Abbreviated accounts

Registered number

04729778

Scion Solutions Ltd

Abbreviated Accounts

31 May 2015

Scion Solutions Ltd
Registered number:		04729778
Abbreviated Balance Sheet
as at 31 May 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		5,295			5,357

Current assets
Debtors		4,524			7,905
Cash at bank and in hand		67,132			55,332
		71,656			63,237

Creditors: amounts falling due within one year		(24,695)			(25,177)

Net current assets			46,961			38,060

Total assets less current liabilities			52,256			43,417


Provisions for liabilities			(963)			(955)


Net assets			51,293			42,462

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			51,292			42,461

Shareholders' funds			51,293			42,462

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



I G WINSTANLEY
Director
Approved by the board on 11 November 2015

Scion Solutions Ltd
Notes to the Abbreviated Accounts
for the year ended 31 May 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 June 2014					13,028
	Additions					873
	At 31 May 2015					13,901

	Depreciation
	At 1 June 2014					7,671
	Charge for the year					935
	At 31 May 2015					8,606

	Net book value
	At 31 May 2015					5,295
	At 31 May 2014					5,357


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1