SMOGGLE_DEVELOPMENTS_LTD - Accounts

SMOGGLE DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 07764726 (England and Wales)

SMOGGLE DEVELOPMENTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2016

SMOGGLE DEVELOPMENTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SMOGGLE DEVELOPMENTS LTD

ABBREVIATED BALANCE SHEET

AS AT

27 FEBRUARY 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

49,634

93,511

Cash at bank and in hand

216

352

49,850

93,863

Creditors: amounts falling due within one year

(29,701)

(75,727)

Total assets less current liabilities

20,149

18,136

Capital and reserves

Called up share capital

100

Profit and loss account

20,049

18,036

Shareholder's funds

20,149

18,136

For the financial year ended 27 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 January 2017

Mr A D Southcott

Director

Company Registration No. 07764726

SMOGGLE DEVELOPMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 27 FEBRUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A D Southcott -

90,000

10,541

100,541

90,000

10,541

100,541