Smart Desk Systems Limited - Accounts to registrar (filleted) - small 18.2

Smart Desk Systems Limited - Accounts to registrar (filleted) - small 18.2

SMART DESK SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 05999412 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Smart Desk Systems Limited
Smart Desk Systems Limited (Registered number: 05999412)

Contents of the Financial Statements
for the year ended 31 December 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Smart Desk Systems Limited

Company Information
for the year ended 31 December 2018







DIRECTOR: T J Wells





REGISTERED OFFICE: 32 St. James Street
London
SW1A 1HD





REGISTERED NUMBER: 05999412 (England and Wales)





ACCOUNTANTS: Ashbys Chartered Accountants
Morton House
9 Beacon Court
Pitstone Green Business Park
Pitstone
LU7 9GY
Page 1
Smart Desk Systems Limited (Registered number: 05999412)

Balance Sheet
31 December 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 5 256,844 190,409
Cash at bank 1,141 23,590
257,985 213,999
CREDITORS
Amounts falling due within one year 6 26,534 37,114
NET CURRENT ASSETS 231,451 176,885
TOTAL ASSETS LESS CURRENT
LIABILITIES
231,451
176,885

CAPITAL AND RESERVES
Called up share capital 581,000 581,000
Retained earnings (349,549 ) (404,115 )
SHAREHOLDERS' FUNDS 231,451 176,885

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

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 27 September 2019 and were signed by:





T Wells - Director


The notes form part of these financial statements

Page 2
Smart Desk Systems Limited (Registered number: 05999412)

Notes to the Financial Statements
for the year ended 31 December 2018


1. STATUTORY INFORMATION

Smart Desk Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development
expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and
financial viability of individual projects. In this situation the expenditure is deferred and is amortised over the
period during which the company is expected to benefit.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2018
and 31 December 2018 158,867
AMORTISATION
At 1 January 2018
and 31 December 2018 158,867
NET BOOK VALUE
At 31 December 2018 -
At 31 December 2017 -

Page 3 continued...
Smart Desk Systems Limited (Registered number: 05999412)

Notes to the Financial Statements - continued
for the year ended 31 December 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018
and 31 December 2018 19,575
DEPRECIATION
At 1 January 2018
and 31 December 2018 19,575
NET BOOK VALUE
At 31 December 2018 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 3,342 3,162
Amounts owed by group undertakings 253,502 187,059
Other debtors - 188
256,844 190,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - 732
Taxation and social security 3,925 2,962
Other creditors 22,609 33,420
26,534 37,114

7. RELATED PARTY DISCLOSURES

During the period the company loaned TGL Services (UK) Limited, its immediate parent undertaking, £65,995
(2017: £62,943). At the balance sheet date the amount owed by TGL Services (UK) Limited was £253,502
(2017: £187,059). The loan is interest free and repayable upon demand.

Page 4