Smiley Face London Ltd - Accounts to registrar - small 16.1

REGISTERED NUMBER: 06495523 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

SMILEY FACE LONDON LTD

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Miss N Adams

SECRETARY:

Mr G Jones

REGISTERED OFFICE:

21 Netherpark Drive

Gidea Park

Romford

Essex

RM2 5RJ

REGISTERED NUMBER:

06495523 (England and Wales)

ACCOUNTANTS:

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

BANKERS:

Santander

The following reproduces the text of the report prepared for the director and members 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 Smiley Face London Ltd for the year ended 29 February 2016 which comprise the Income

statement, 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 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 director of Smiley Face London Ltd in accordance with the terms of our engagement letter dated 1 April 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Smiley Face London Ltd and state those matters that we have agreed to state to the director of Smiley Face London Ltd 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 director for our work or for this report.

It is your duty to ensure that Smiley Face London Ltd 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 Smiley Face London Ltd. You consider that Smiley Face London Ltd 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 Smiley Face London Ltd. 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.

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

19 May 2016

FIXED ASSETS

Property, plant and equipment

4

2,066

57

CURRENT ASSETS

Debtors: amounts falling due within one year

5

4,645

6,244

Cash at bank

150

137

4,795

6,381

CREDITORS

Amounts falling due within one year

6

3,297

5,910

NET CURRENT ASSETS

1,498

471

TOTAL ASSETS LESS CURRENT LIABILITIES

3,564

528

PROVISIONS FOR LIABILITIES

413

11

NET ASSETS

3,151

517

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

3,150

516

SHAREHOLDERS' FUNDS

3,151

517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 19 May 2016 and were signed by:

Miss N Adams - Director

1.	STATUTORY INFORMATION

Smiley Face London Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2015

130

2,238

2,368

Additions

-

2,987

2,987

At 29 February 2016

130

5,225

5,355

DEPRECIATION

At 1 March 2015

73

2,238

2,311

Charge for year

9

969

978

At 29 February 2016

82

3,207

3,289

NET BOOK VALUE

At 29 February 2016

48

2,018

2,066

At 28 February 2015

57

-

57

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

4,645

6,244

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

1,605

4,645

Other creditors

1,692

1,265

3,297

5,910

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 March 2015

516

Profit for the year

7,634

Dividends

(5,000

)

At 29 February 2016

3,150

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss N Adams.