Smart-Floors Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06497134 (England and Wales)

Abbreviated Accounts

for the Year Ended 28 February 2014

for

Smart-Floors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M J Reed

Mr M Grass

SECRETARY:

Mrs T M Reed

REGISTERED OFFICE:

3 Morley's Place

Sawston

Cambridge

Cambridgeshire

CB22 3TG

REGISTERED NUMBER:

06497134 (England and Wales)

ACCOUNTANTS:

Sandcroft Management Services Limited

3 Morleys Place

High Street

Sawston

Cambridge

Cambridgeshire

CB22 3TG

FIXED ASSETS

Tangible assets

2

1,452

2,002

CURRENT ASSETS

Debtors

6,305

7,149

Cash at bank

2,649

7,748

8,954

14,897

CREDITORS

Amounts falling due within one year

9,599

16,697

NET CURRENT LIABILITIES

(645

)

(1,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

807

202

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

805

200

SHAREHOLDERS' FUNDS

807

202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 30 September 2014 and were signed on its behalf by:

Mr M J Reed - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

5,498

DEPRECIATION

At 1 March 2013

3,496

Charge for year

550

At 28 February 2014

4,046

NET BOOK VALUE

At 28 February 2014

1,452

At 28 February 2013

2,002

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary Shares

£1

2

2

(2013 - 3 )

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 28 February 2014 the company owed Mr M J Reed the amount of £346 (2013: £5,967) and Mr M Grass

owed the company £Nil (2013: £1,528 creditor), both being directors of the company.