Smart It Resources Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04253465 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2018

FOR

SMART IT RESOURCES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D R Mccain

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

04253465 (England and Wales)

ACCOUNTANTS:

Nyman Linden, a division of JSA Services

4th Floor, Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

4

5,585

5,662

CURRENT ASSETS

Debtors

21,158

26,435

Cash at bank

36

33,467

21,194

59,902

CREDITORS

Amounts falling due within one year

9,132

41,886

NET CURRENT ASSETS

12,062

18,016

TOTAL ASSETS LESS CURRENT LIABILITIES

17,647

23,678

CAPITAL AND RESERVES

Called up share capital

5

200

200

Retained earnings

6

17,447

23,478

SHAREHOLDERS' FUNDS

17,647

23,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 April 2019 and were signed by:

Mr D R Mccain - Director

1.	STATUTORY INFORMATION

Smart It Resources Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2017

26,393

Additions

3,556

Disposals

(18,536

)

At 31 July 2018

11,413

DEPRECIATION

At 1 August 2017

20,731

Charge for year

1,862

Eliminated on disposal

(16,765

)

At 31 July 2018

5,828

NET BOOK VALUE

At 31 July 2018

5,585

At 31 July 2017

5,662

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

200

Ordinary

£1

200

200

6.

RESERVES

Reserves

£17,447

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and 31 July 2017:

2018

2017

£

£

Mr D R Mccain

Balance outstanding at start of year

12,172

(300

)

Amounts advanced

1,900

16,550

Amounts repaid

(4,627

)

(4,078

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,445

12,172

8.	RELATED PARTY DISCLOSURES

Other debtors includes Accountancy fees paid of £3,667 on behalf of Gill's Independent Eye care limited in which

the director, Mr David Mccoy is a director and a significant shareholder.