Smart Value Limited - Abbreviated accounts 16.1
Smart Value Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015 |
| FOR |
| SMART VALUE LIMITED |
| SMART VALUE LIMITED (REGISTERED NUMBER: 08157569) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 4 |
| SMART VALUE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Chartered Tax Advisers |
| SMART VALUE LIMITED (REGISTERED NUMBER: 08157569) |
| ABBREVIATED BALANCE SHEET |
| 31 JULY 2015 |
| 31.7.15 | 31.7.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 financial statements were approved by the Board of Directors on |
| SMART VALUE LIMITED (REGISTERED NUMBER: 08157569) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2015 |
| 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 net invoiced sales of services, excluding value added tax. |
| Turnover is recognised as services are delivered to customers. |
| Turnover is wholly derived within the United Kingdom. |
| 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 is depreciated at 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. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31 July 2015 |
| DEPRECIATION |
| Charge for year |
| At 31 July 2015 |
| NET BOOK VALUE |
| At 31 July 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Loans |
| £ |
| At 1 August 2014 |
| and 31 July 2015 | 200,000 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.15 | 31.7.14 |
| value: | £ | £ |
| Ordinary | £1 |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| SMART VALUE LIMITED |
| 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 three) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| accounts of Smart Value Limited for the year ended 31/07/2015 as set out on pages 1 to 7 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 |
| www.icaew.com/en/members/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Smart Value Limited, as a body, in accordance with the terms of |
| our engagement letter dated 22/04/2016. Our work has been undertaken solely to prepare for your approval the |
| accounts of Smart Value Limited and state those matters that we have agreed to state to the Board of Directors of Smart |
| Value Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent |
| permitted by law, we do not accept or assume responsibility to anyone other than Smart Value Limited and its Board of |
| Directors as a body for our work or for this report. |
| It is your duty to ensure that Smart Value Limited has kept adequate accounting records and to prepare statutory |
| accounts that give a true and fair view of the assets, liabilities, financial position and profit of Smart Value Limited. You |
| consider that Smart Value 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 accounts of Smart Value 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 accounts. |
| Chartered Accountants and Chartered Tax Advisers |
| 27 April 2016 |