SMUTILS LIMITED - Accounts to registrar (filleted) - small 18.2

SMUTILS LIMITED - Accounts to registrar (filleted) - small 18.2

SMUTILS LIMITED - Company Information

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REGISTERED NUMBER: 03763440 (England and Wales)



















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

FOR

SMUTILS LIMITED
SMUTILS LIMITED (REGISTERED NUMBER: 03763440)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

SMUTILS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2020







DIRECTOR: Mr S Mott





SECRETARY: Mrs N Mott





REGISTERED OFFICE: 4 Ramptons Meadow
Tadley
Hampshire
RG26 3UR





REGISTERED NUMBER: 03763440 (England and Wales)





ACCOUNTANTS: Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Reading
Berkshire
RG7 8AP
Page 1
SMUTILS LIMITED (REGISTERED NUMBER: 03763440)

STATEMENT OF FINANCIAL POSITION
30 April 2020

30.4.20 30.4.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,207 10,242

CURRENT ASSETS
Debtors 5 2,313 -
Cash at bank 3,817 4,846
6,130 4,846
CREDITORS
Amounts falling due within one
year
6
3,471
2,185
NET CURRENT ASSETS 2,659 2,661
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,866
12,903

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,864 12,901
SHAREHOLDERS' FUNDS 10,866 12,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2021 and were signed by:





Mr S Mott - Director


The notes form part of these financial statements

Page 2
SMUTILS LIMITED (REGISTERED NUMBER: 03763440)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2020

1. STATUTORY INFORMATION

SMUTILS 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. 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 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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

Page 3 continued...
SMUTILS LIMITED (REGISTERED NUMBER: 03763440)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2020

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2019 45,546
Additions 701
At 30 April 2020 46,247
DEPRECIATION
At 1 May 2019 35,304
Charge for year 2,736
At 30 April 2020 38,040
NET BOOK VALUE
At 30 April 2020 8,207
At 30 April 2019 10,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
Trade debtors 2,313 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
Tax 2,662 1,774
Social security and other
taxes
65
83
Other creditors 140 140
Directors' current accounts 4 188
Accruals and deferred income 600 -
3,471 2,185

Page 4
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SMUTILS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SMUTILS LIMITED for the year ended 30 April 2020 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of SMUTILS LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SMUTILS LIMITED and state those matters that we have agreed to state to the director of SMUTILS LIMITED in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that SMUTILS 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 SMUTILS LIMITED. You consider that SMUTILS 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 SMUTILS 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.






Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Reading
Berkshire
RG7 8AP


28 January 2021

This page does not form part of the statutory financial statements

Page 5