SCS Technology Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04026644 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

SCS Technology Solutions Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

A M R Parker

S J Parker

SECRETARY:

Wilkin Chapman Company Secretarial Services Limited

REGISTERED OFFICE:

Unit 1

Exchange Close

North Hykeham

Lincoln

Lincolnshire

LN6 3TR

REGISTERED NUMBER:

04026644 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

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 SCS Technology Solutions Limited for the year ended 31 March 2014 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of SCS Technology Solutions 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

SCS Technology Solutions Limited and state those matters that we have agreed to state to the Board of Directors of

SCS Technology Solutions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SCS Technology Solutions 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 SCS

Technology Solutions Limited. You consider that SCS Technology Solutions 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 SCS Technology Solutions

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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

18 December 2014

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

286,632

205,719

286,632

205,719

CURRENT ASSETS

Stocks

55,219

18,812

Debtors

219,005

165,426

Cash at bank

14,734

65,919

288,958

250,157

CREDITORS

Amounts falling due within one year

4

414,054

302,373

NET CURRENT LIABILITIES

(125,096

)

(52,216

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,536

153,503

CREDITORS

Amounts falling due after more than one year

4

(5,644

)

-

PROVISIONS FOR LIABILITIES

(1,030

)

-

NET ASSETS

154,862

153,503

CAPITAL AND RESERVES

Called up share capital

5

39

44

Share premium

13,999

13,999

Revaluation reserve

85,198

-

Capital redemption reserve

11

7

Profit and loss account

55,615

139,453

SHAREHOLDERS' FUNDS

154,862

153,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 18 December 2014 and were signed on its behalf by:

S J Parker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill relates to the acquisition of the assets and trade of SCS Webpages Limited on 20 January 2011.This is

being amortised evenly over its estimated useful life of three years.

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.

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Office equipment

-

30% on cost and 25% 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 where transactions or events that result in an obligation to pay more or less tax in the future

have occurred at the balance sheet date. Timing differences are differences between the company's taxable

profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax

assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantively

enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

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.

Pension costs and other post-retirement benefits

The company contributes to a group pension scheme. Contributions payable for the year are charged in the

profit and loss account.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

12,339

AMORTISATION

At 1 April 2013

and 31 March 2014

12,339

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

493,132

Additions

18,407

Disposals

(104,032

)

Revaluations

38,732

At 31 March 2014

446,239

DEPRECIATION

At 1 April 2013

287,413

Charge for year

22,692

Eliminated on disposal

(104,032

)

Revaluation adjustments

(46,466

)

At 31 March 2014

159,607

NET BOOK VALUE

At 31 March 2014

286,632

At 31 March 2013

205,719

4.

CREDITORS

Creditors include an amount of £ 8,777 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

393

Ordinary shares

£0.10

39

44

(2013 - 435 )