Smart Consultation Ltd - Abbreviated accounts 16.3

Smart Consultation Ltd - Abbreviated accounts 16.3

SMART CONSULTATION LTD - Company Information

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REGISTERED NUMBER: 02303962 (England and Wales)










SMART CONSULTATION LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016






SMART CONSULTATION LTD (REGISTERED NUMBER: 02303962)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

SMART CONSULTATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2016







DIRECTOR: Mrs S W Hewitson





SECRETARY: Mrs S W Hewitson





REGISTERED OFFICE: 76 Bryher Island
Port Solent
Portsmouth
Hampshire
PO6 4UF





REGISTERED NUMBER: 02303962 (England and Wales)





ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
24 Park Road South
Havant
Hampshire
PO9 1HB
Page 1
SMART CONSULTATION LTD (REGISTERED NUMBER: 02303962)

ABBREVIATED BALANCE SHEET
31 JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 732 -
Investment property 4 125,000 125,000
125,732 125,000

CURRENT ASSETS
Debtors 5,331 2,448
Cash at bank 7,798 9,700
13,129 12,148
CREDITORS
Amounts falling due within one year 4,629 9,300
NET CURRENT ASSETS 8,500 2,848
TOTAL ASSETS LESS CURRENT
LIABILITIES
134,232
127,848

CREDITORS
Amounts falling due after more than one
year
62,290
62,290
NET ASSETS 71,942 65,558

CAPITAL AND RESERVES
Called up share capital 5 2 2
Revaluation reserve 3,604 3,604
Profit and loss account 68,336 61,952
SHAREHOLDERS' FUNDS 71,942 65,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 30 January 2017 and were signed by:



Mrs S W Hewitson - Director


The notes form part of these abbreviated accounts

Page 2
SMART CONSULTATION LTD (REGISTERED NUMBER: 02303962)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents the value of rent and service charges due in the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of five years.

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

Office equipment - 33% on cost

Investment property
Investment properties are carried at market valuation. Any movement on future revaluation will be transferred to
a revaluation reserve except where it is considered to permanently reduce the value below historical cost, in
which case the deficit is taken to the profit and loss account. No depreciation is provided in respect of investment
properties.

The Companies Act 2006 requires all properties to be depreciated, however this conflicts with the generally
accepted accounting principle set out in the Financial Reporting Standard for Smaller Entities. The director
considers that as the property is held for its investment potential, to depreciate it would not give a true and fair
view and have therefore adopted the treatment set out in the Financial Reporting Standard for Smaller Entities.
Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have
been shown cannot be separately identified or quantified.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 8,458
AMORTISATION
At 1 August 2015
and 31 July 2016 8,458
NET BOOK VALUE

At 31 July 2016 -
At 31 July 2015 -

Page 3 continued...
SMART CONSULTATION LTD (REGISTERED NUMBER: 02303962)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JULY 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 1,833
Additions 1,083
At 31 July 2016 2,916
DEPRECIATION
At 1 August 2015 1,833
Charge for year 351
At 31 July 2016 2,184
NET BOOK VALUE
At 31 July 2016 732
At 31 July 2015 -

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2015
and 31 July 2016 125,000
NET BOOK VALUE
At 31 July 2016 125,000
At 31 July 2015 125,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SMART CONSULTATION LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Smart Consultation Ltd for the year ended 31 July 2016 which comprise the Profit and Loss
Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Smart Consultation Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smart Consultation Ltd and state those matters that we have agreed to state to the director of Smart Consultation Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smart Consultation Ltd director for our work or for this report.

It is your duty to ensure that Smart Consultation 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 Smart Consultation Ltd. You consider that Smart Consultation 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 Smart Consultation 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.






Rothman Pantall LLP
Chartered Accountants
24 Park Road South
Havant
Hampshire
PO9 1HB


30 January 2017

This page does not form part of the abbreviated accounts

Page 5