Smart Desk Systems Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05999412 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Smart Desk Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T Wells

REGISTERED OFFICE:

32 St. James Street

London

SW1A 1HD

REGISTERED NUMBER:

05999412 (England and Wales)

ACCOUNTANTS:

Ashbys Chartered Accountants

Morton House

9 Beacon Court

Pitstone Green Business Park

Pitstone

LU7 9GY

CURRENT ASSETS

Debtors

69,610

43,766

Cash at bank

6,445

17,843

76,055

61,609

CREDITORS

Amounts falling due within one year

32,196

87,836

NET CURRENT ASSETS/(LIABILITIES)

43,859

(26,227

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,859

(26,227

)

CAPITAL AND RESERVES

Called up share capital

4

581,000

581,000

Profit and loss account

(537,141

)

(607,227

)

SHAREHOLDERS' FUNDS

43,859

(26,227

)

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 3 August 2016 and were signed by:

T Wells - 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).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development

expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and

financial viability of individual projects. In this situation the expenditure is deferred and is amortised over the

period during which the company is expected to benefit.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

158,867

AMORTISATION

At 1 January 2015

and 31 December 2015

158,867

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

19,575

DEPRECIATION

At 1 January 2015

and 31 December 2015

19,575

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

581,000

Ordinary

£1

581,000

581,000

5.	ULTIMATE PARENT COMPANY

Touchstone Gold Limited (incorporated in Canada ) is regarded by the director as being the company's ultimate

parent company.

The immediate parent company at the balance sheet date was TGL Services (UK) Limited.