Registered Number 03518169
SCL COMMUNICATIONS LTD
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
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 assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
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.
Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Investment properties Not depreciated
Motor vehicle 25% straight line
Fixtures, fittings & equipment 25% straight line
Other accounting policies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Related parties
During the year the company's share capital was purchased by SCL Ventures Ltd. The company was charged £45,000 as a management charge from SCL Ventures Ltd, which was paid in full. During the year the company provided a loan to SCL Ventures Ltd of £1,072,500. The company has since received £20,000 and therefore included in debtors is £1,052,500 owed from SCL Ventures Ltd.
During the year the company provided services to Bluepoint Technologies Ltd for a sum of £24,000 which was received in full. The company received a loan from Bluepoint Technologies Ltd of £272,200 which is included in creditors.
All transactions were on an arms length basis.
Ultimate controlling party
The company is controlled by Mr S Longford who is a director and shareholder of SCL Ventures Ltd.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 917,320 |
At 31 March 2014 | 880,727 |
3
Fixed assets Investments
Disposals - (100,000)