Smarter Solutions Limited - Abbreviated accounts 16.1
Smarter Solutions Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Smarter Solutions Limited |
| Abbreviated Accounts |
| for the Period 1 June 2014 to 30 May 2015 |
| Smarter Solutions Limited (Registered number: 04167013) |
| Contents of the Abbreviated Accounts |
| for the period 1 June 2014 to 30 May 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Smarter Solutions Limited |
| Company Information |
| for the period 1 June 2014 to 30 May 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Smarter Solutions Limited (Registered number: 04167013) |
| Abbreviated Balance Sheet |
| 30 May 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| Smarter Solutions Limited (Registered number: 04167013) |
| Abbreviated Balance Sheet - continued |
| 30 May 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director on |
| Smarter Solutions Limited (Registered number: 04167013) |
| Notes to the Abbreviated Accounts |
| for the period 1 June 2014 to 30 May 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 goods, excluding value added tax. |
| Website development costs |
| Website development costs are capitalised and amortised over a three period on a straight line basis |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Fixed assets are initially recorded at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Operating lease commitments |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
| the lessor are charged against profits on a straight line basis over the period of the lease. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| and 30 May 2015 |
| AMORTISATION |
| At 1 June 2014 |
| Amortisation for period |
| At 30 May 2015 |
| NET BOOK VALUE |
| At 30 May 2015 |
| At 31 May 2014 |
| Smarter Solutions Limited (Registered number: 04167013) |
| Notes to the Abbreviated Accounts - continued |
| for the period 1 June 2014 to 30 May 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| Additions |
| At 30 May 2015 |
| DEPRECIATION |
| At 1 June 2014 |
| Charge for period |
| At 30 May 2015 |
| NET BOOK VALUE |
| At 30 May 2015 |
| At 31 May 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 30 May 2015 and the year |
| ended 31 May 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of period |