REGISTERED NUMBER: 02826995 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2014

for

Scan Mobility Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E J Sands

SECRETARY:

Mrs A L Forshaw

REGISTERED OFFICE:

Marsh House

Ralph's Wife's Lane

Banks

Southport

Merseyside

PR9 8ER

REGISTERED NUMBER:

02826995 (England and Wales)

ACCOUNTANTS:

SB&P LLP

Chartered Accountants

Oriel House

2/8 Oriel Road

Bootle

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

2

324,960

306,336

CURRENT ASSETS

Stocks

167,082

264,272

Debtors

521,964

382,159

Cash at bank and in hand

38,184

745

727,230

647,176

CREDITORS

Amounts falling due within one year

3

444,746

437,413

NET CURRENT ASSETS

282,484

209,763

TOTAL ASSETS LESS CURRENT LIABILITIES

607,444

516,099

CREDITORS

Amounts falling due after more than one year

3

284,276

200,234

NET ASSETS

323,168

315,865

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

323,068

315,765

SHAREHOLDERS' FUNDS

323,168

315,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 March 2015 and were signed by:

E J Sands - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the fair value of sales made to customers, less returns and VAT. Revenue is recognised at

the point of sale.

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

477,119

Additions

45,325

At 30 November 2014

522,444

DEPRECIATION

At 1 December 2013

170,783

Charge for year

26,701

At 30 November 2014

197,484

NET BOOK VALUE

At 30 November 2014

324,960

At 30 November 2013

306,336

3.

CREDITORS

Creditors include an amount of £ 503,545 (30.11.13 - £ 383,380 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2014 and

30 November 2013:

30.11.14

30.11.13

£

£

E J Sands

Balance outstanding at start of year

131,647

53,612

Amounts advanced

127,379

208,035

Amounts repaid

(75,768

)

(130,000

)

Balance outstanding at end of year

183,258

131,647