Scion Solutions Ltd - Abbreviated accounts

Registered number

04729778

Scion Solutions Ltd

Abbreviated Accounts

31 May 2016

Scion Solutions Ltd
Registered number:		04729778
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		5,244			5,295

Current assets
Debtors		8,578			4,524
Cash at bank and in hand		72,138			67,132
		80,716			71,656

Creditors: amounts falling due within one year		(25,688)			(24,695)

Net current assets			55,028			46,961

Total assets less current liabilities			60,272			52,256


Provisions for liabilities			(970)			(963)


Net assets			59,302			51,293

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			59,301			51,292

Shareholders' funds			59,302			51,293

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 4 November 2016

Scion Solutions Ltd
Notes to the Abbreviated Accounts
for the year ended 31 May 2016

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 2015					13,901
	Additions					874
	At 31 May 2016					14,775

	Depreciation
	At 1 June 2015					8,606
	Charge for the year					925
	At 31 May 2016					9,531

	Net book value
	At 31 May 2016					5,244
	At 31 May 2015					5,295


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1