SC Business Consultants Limited - Period Ending 2014-02-28
SC Business Consultants Limited - Period Ending 2014-02-28
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
SC Business Consultants Limited
Contents
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SC Business Consultants Limited
(Registration number: 04378818)
Abbreviated Balance Sheet at 28 February 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr Christopher John Lee
Director
1
SC Business Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
Asset class |
Depreciation method and rate |
Investment Property |
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Investment properties
Financial instruments
SC Business Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 March 2013 |
228,000 |
228,000 |
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At 28 February 2014 |
228,000 |
228,000 |
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Depreciation |
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At 28 February 2014 |
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Net book value |
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At 28 February 2014 |
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At 28 February 2013 |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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