SMT (Staff Management Tools) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03138138 (England and Wales)

SMT (Staff Management Tools) Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

Dr R K Holmes

Mrs S E Holmes

SECRETARY:

Mrs S E Holmes

REGISTERED OFFICE:

Ath - Aiseag

1 Upper Marsh Lane

Oxenhope

KEIGHLEY

West Yorkshire

BD22 9RH

REGISTERED NUMBER:

03138138 (England and Wales)

ACCOUNTANTS:

Walkers Accountants Limited

16-18 Devonshire Street

Keighley

West Yorkshire

BD21 2DG

FIXED ASSETS

Tangible assets

2

11,097

14,484

CURRENT ASSETS

Debtors

37,150

35,028

Cash at bank

8,735

36,420

45,885

71,448

CREDITORS

Amounts falling due within one year

51,780

84,266

NET CURRENT LIABILITIES

(5,895

)

(12,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,202

1,666

PROVISIONS FOR LIABILITIES

347

613

NET ASSETS

4,855

1,053

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

4,853

1,051

SHAREHOLDERS' FUNDS

4,855

1,053

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

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

The directors acknowledge their 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 Board of Directors on 26 March 2015 and were signed on its behalf by:

Mrs S E Holmes - 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 invoiced sales of services, excluding value added tax and derived from the principle activity

of the company.

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

-

33% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay

less tax in the future have occurred at the balance sheet date.Timing differences are differences between the

company's taxable profits and it's result as stated in these financial statements.

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 for the year are charged in

the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

27,158

DEPRECIATION

At 1 July 2013

12,674

Charge for year

3,387

At 30 June 2014

16,061

NET BOOK VALUE

At 30 June 2014

11,097

At 30 June 2013

14,484

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE PARENT COMPANY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

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 SMT (Staff Management Tools) Limited for the year ended 30 June 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes 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 (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of SMT (Staff Management Tools) Limited, as a body, in

accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of SMT (Staff Management Tools) Limited and state those matters that we have agreed to state to

the Board of Directors of SMT (Staff Management Tools) Limited, as a body, in this report in accordance with AAF

2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SMT (Staff Management Tools) Limited 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 SMT (Staff Management Tools) Limited. You consider that SMT (Staff Management Tools) Limited 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 SMT (Staff Management

Tools) Limited. 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

financial statements.

Walkers Accountants Limited

16-18 Devonshire Street

Keighley

West Yorkshire

BD21 2DG

26 March 2015