E A Smith Limited - Period Ending 2015-03-31

Registration number: 08460628

E A Smith Limited Unaudited Abbreviated Accounts for the Year Ended 31 March 2015

P L Whittaker Taxation & Accounts
43 North Street
Leek
Staffs
ST13 8DW

E A Smith Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

E A Smith Limited
(Registration number: 08460628)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £			31 March 2014 £
Current assets
Debtors					-			1,438
Cash at bank and in hand					21,031			16,790
					21,031			18,228
Creditors: Amounts falling due within one year					(2,490)			(4,646)
Net assets					18,541			13,582
Capital and reserves
Profit and loss account					18,541			13,582
Shareholders' funds					18,541			13,582

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 3 July 2015

.........................................
Mrs Elizabeth Anne Smith
Director

The notes on page 2 form an integral part of these financial statements.
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E A Smith Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue Recognition

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 March 2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

3	Going Concern

The director has reviewed the performance of the company since the end of the accounting period. The level of turnover remains consistent, there are sufficient cashflows to meet the ongoing liabilities and the company is continuing to generate a profit. Therefore the director is satisfied that there are no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern.

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