SCOPELINE_LIMITED - Accounts

SCOPELINE LIMITED - Company Information

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Company Registration No. 06670554 (England and Wales)

SCOPELINE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

SCOPELINE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SCOPELINE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

647

863

Current assets

Debtors

24,221

18,523

Cash at bank and in hand

38,788

7,427

63,009

25,950

Creditors: amounts falling due within one year

(31,213)

(24,594)

Net current assets

31,796

1,356

Total assets less current liabilities

32,443

2,219

Provisions for liabilities

(130)

(173)

32,313

2,046

Capital and reserves

Called up share capital

Profit and loss account

32,311

2,044

Shareholders' funds

32,313

2,046

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 February 2017

Mr I Wrench

Director

Company Registration No. 06670554

SCOPELINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum reducing balance

1.4

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

VAT flat rate scheme

The company is currently operating the VAT flat rate scheme. Turnover is shown net of flat rate scheme VAT declared and input VAT, being non claimable under the scheme, is included within the related expense or cost heading.

Fixed assets

Tangible assets

Cost

At 1 September 2015 & at 31 August 2016

2,406

Depreciation

At 1 September 2015

1,543

Charge for the year

216

At 31 August 2016

1,759

Net book value

At 31 August 2016

647

At 31 August 2015

863

SCOPELINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

1 A Ordinary share of £1 each

The Ordinary share of £1 and the A Ordinary share of £1 rank pari passu in all respects.