SCORPIO DEVELOPMENTS LTD - Abbreviated accounts

Registered number

04885293

SCORPIO DEVELOPMENTS LTD

Abbreviated Accounts

30 November 2013

SCORPIO DEVELOPMENTS LTD

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of SCORPIO DEVELOPMENTS LTD for the year ended 30 November 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of SCORPIO DEVELOPMENTS LTD for the year ended 30 November 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

S DAVIES & CO
Chartered Accountants
148 Bury New Road
Whitefield
Manchester
M45 6AD

24 July 2014

SCORPIO DEVELOPMENTS LTD
Registered number:		04885293
Abbreviated Balance Sheet
as at 30 November 2013

Notes			2013			2012
£				£
Fixed assets
Tangible assets	2		1,529			1,252

Current assets
Stocks		839			162
Debtors		7,139			9,309
Cash at bank and in hand		1,461			3,104
		9,439			12,575

Creditors: amounts falling due within one year		(10,365)			(16,807)

Net current liabilities			(926)			(4,232)

Net assets/(liabilities)			603			(2,980)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			503			(3,080)

Shareholders' funds			603			(2,980)

The director is 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 director acknowledges his 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.



A Jackson
Director
Approved by the board on 24 July 2014

SCORPIO DEVELOPMENTS LTD
Notes to the Abbreviated Accounts
for the year ended 30 November 2013

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			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	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 December 2012					2,367
	Additions					547
	At 30 November 2013					2,914

	Depreciation
	At 1 December 2012					1,115
	Charge for the year					270
	At 30 November 2013					1,385

	Net book value
	At 30 November 2013					1,529
	At 30 November 2012					1,252


3	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100