S.C.S.Network Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03743596 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st May 2016

for

S.C.S.NETWORK SERVICES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr M R Tapp

Mr M J Harper-Ward

Mr P Leonard

SECRETARY:

Mr M R Tapp

REGISTERED OFFICE:

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

REGISTERED NUMBER:

03743596 (England and Wales)

ACCOUNTANTS:

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of S.C.S.Network Services Limited for the year ended 31st May 2016 which comprise the Profit and

Loss Account, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of S.C.S.Network Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S.C.S.Network Services Limited and state those matters that we have agreed to state to the Board of Directors of S.C.S.Network Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S.C.S.Network Services Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S.C.S.Network Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S.C.S.Network Services Limited. You consider that S.C.S.Network Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S.C.S.Network Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

23rd February 2017

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

172,898

135,528

Investments

4

3,767

176,666

139,296

CURRENT ASSETS

Stocks

33,736

80,234

Debtors

875,544

1,180,040

Cash at bank and in hand

910,825

591,821

1,820,105

1,852,095

CREDITORS

Amounts falling due within one year

5

1,200,499

1,418,845

NET CURRENT ASSETS

619,606

433,250

TOTAL ASSETS LESS CURRENT
LIABILITIES

796,272

572,546

CREDITORS

Amounts falling due after more than one
year

5

(77,244

)

(73,616

)

PROVISIONS FOR LIABILITIES

(15,208

)

(4,001

)

NET ASSETS

703,820

494,929

CAPITAL AND RESERVES

Called up share capital

6

1,000

Profit and loss account

702,820

493,929

SHAREHOLDERS' FUNDS

703,820

494,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23rd February 2017 and were signed on its behalf
by:

Mr M R Tapp - 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 January 2015).

Turnover

Turnover represents net sales of goods and service for the year, excluding value added tax.

Goodwill

Goodwill of £1 was paid in 2000, being the amount of consideration paid in connection with the acquisition of

the business.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

straight line over the life of lease

Plant and machinery etc

-

25% on cost and 20% 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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences

a residual interest in the assets of the company after deducting all of its liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

1

NET BOOK VALUE

At 31st May 2016

1

At 31st May 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

361,505

Additions

70,623

At 31st May 2016

432,128

DEPRECIATION

At 1st June 2015

225,977

Charge for year

33,253

At 31st May 2016

259,230

NET BOOK VALUE

At 31st May 2016

172,898

At 31st May 2015

135,528

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2016

2015

£

Other investments

3,767

5.

CREDITORS

Creditors include an amount of £ 101,284 (2015 - £ 94,119 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000