Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Scellon Limited
Contents
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Scellon Limited
(Registration number:
09074248
)
Abbreviated Balance Sheet
at
30 June 2016
Note |
30 June 2016
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30 June 2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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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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The notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 1
Scellon Limited
(Registration number:
09074248
)
Abbreviated Balance Sheet
at
30 June 2016
(continued)
Approved by the Board on
.........................................
R D Cowley
Director
.........................................
Mrs K Cowley
Director
The notes on pages 3 to 4 form an integral part of these financial statements. ________________________________________________________________________________________ 2
Scellon Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016 (continued)
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
The directors consider that there should be no amortisation for the period under review.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
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Work in progress
Scellon Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016 (continued)
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 July 2015 |
10,000 |
380 |
10,380 |
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Additions |
- |
615 |
615 |
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At 30 June 2016 |
10,000 |
995 |
10,995 |
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Depreciation |
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At 1 July 2015 |
- |
127 |
127 |
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Charge for the year |
- |
332 |
332 |
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At 30 June 2016 |
- |
459 |
459 |
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Net book value |
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At 30 June 2016 |
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At 30 June 2015 |
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Share capital |
Allotted, called up and fully paid shares
30 June 2016 |
30 June 2015 |
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No. |
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No. |
£ |
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