SCANNING_PENS_LTD - Accounts

SCANNING PENS LTD - Company Information

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Company Registration No. 05001072 (England and Wales)

SCANNING PENS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

SCANNING PENS LTD

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

SCANNING PENS LTD

REPORT TO THE DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY ACCOUNTS OF SCANNING PENS LTD

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 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 Scanning Pens Ltd for the year ended 31 December 2015 set out on pages to 3 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, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Scanning Pens Ltd, as a body, in accordance with the terms of our engagement letter dated 16 February 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Scanning Pens Ltd and state those matters that we have agreed to state to the Board of Directors of Scanning Pens Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scanning Pens Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Scanning Pens Ltd 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 Scanning Pens Ltd. You consider that Scanning Pens Ltd 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 Scanning Pens Ltd. 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 accounts.

Heather & Co Ltd

29 March 2016

Chartered Accountants

Longlac

White House Lane

Jacobs Well

Guildford

Surrey

GU4 7PT

SCANNING PENS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 2 -

2015

2014

Notes

Current assets

Stocks

41,308

61,722

Debtors

112,167

107,864

Cash at bank and in hand

7,418

21,280

160,893

190,866

Creditors: amounts falling due within one year

(100,734)

(144,076)

Total assets less current liabilities

60,159

46,790

Capital and reserves

Called up share capital

Profit and loss account

60,158

46,789

Shareholders' funds

60,159

46,790

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 March 2016

Mr T Sutton

Director

Company Registration No. 05001072

SCANNING PENS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary of £1 each

Ultimate parent company

The ultimate parent company is TJSC Group Limited, a company registered in England and Wales.