SMS Manufacturing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07751716 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

SMS MANUFACTURING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

V Sodin

REGISTERED OFFICE:

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

REGISTERED NUMBER:

07751716 (England and Wales)

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

FIXED ASSETS

Investments

2

5,830

5,830

CURRENT ASSETS

Debtors

82,076

29,415

Cash at bank

4,116

58,999

86,192

88,414

CREDITORS

Amounts falling due within one year

12,921

34,829

NET CURRENT ASSETS

73,271

53,585

TOTAL ASSETS LESS CURRENT LIABILITIES

79,101

59,415

CAPITAL AND RESERVES

Called up share capital

3

11,000

11,000

Profit and loss account

68,101

48,415

SHAREHOLDERS' FUNDS

79,101

59,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 July 2016 and were signed by:

V Sodin - Director

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 January 2015).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

5,830

NET BOOK VALUE

At 31 December 2015

5,830

At 31 December 2014

5,830

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

as restated

£

£

11,000

Ordinary shares

£1

11,000

11,000

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loans were due to the directors during the year :

31.12.15

31.12.14

£

£

Balance outstanding and due to directors at 1st January

5,840

5,840

Introduced in the year

-

-

Repaid to directors during the year ended 31st December

-

-

Balance outstanding and due to directors at 31st December

5,840

5,840

5.	GOING CONCERN

Due to the nature of the company's trade the company has not recorded any sales in 2015 although it has incurred

overhead costs. In part these are related to the profitable activity undertaken in 2013 and others have been

incurred in 2015 in anticipation of future revenue streams and profits in 2016.

It is hoped that the sale of intellectual property that took place in 2013 will generate royalties for the company in

2016.