Smart Accountancy Systems Limited - Period Ending 2017-02-28

Registration number: 07349407

Smart Accountancy Systems Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2017

Smart Accountancy Systems Ltd
Association of Chartered Certified Accountants
Unit 2 Dominion Centre
Elliott Road
Bournemouth
Dorset
BH11 8JR

Smart Accountancy Systems Limited

Contents

Company Information	1
Balance Sheet	2 to 4
Notes to the Financial Statements	3

Smart Accountancy Systems Limited

Company Information

Directors

Miss Emma Chen Mr Jonathan Jenkins

Company secretary

Miss Emma Chen

Registered office

Unit 2 Dominion Centre Elliott Road Bournemouth Dorset BH11 8JR

Page 1

Smart Accountancy Systems Limited

(Registration number: 07349407)
Balance Sheet as at 28 February 2017

	Note	2017 £	2016 £
Fixed assets		5,499	1,961
Current assets		55,155	55,419
Prepayments and accrued income		2,543	5,481
Creditors: Amounts falling due within one year		(36,880)	(37,176)
Net current assets		20,818	23,724
Total assets less current liabilities		26,317	25,685
Creditors: Amounts falling due after more than one year		(11,250)	(16,250)
Provisions for liabilities		(154)	(392)
Accruals and deferred income		(1,000)	(1,382)
		13,913	7,661
Capital and reserves		13,913	7,661

The notes on page 3 form an integral part of these financial statements.

Page 2

Smart Accountancy Systems Limited

(Registration number: 07349407)
Balance Sheet as at 28 February 2017

Notes to the Financial Statements for the Year Ended 28 February 2017

1	Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £1,673 (2016 - £4,063).

2	Related party transactions

Transactions with directors

2017	At 1 March 2016 £	Advances to directors £	Repayments by director £	At 28 February 2017 £
Mr Jonathan Jenkins
There were no conditions attached to the loan which was interest free	(1,141)	11,362	(14,506)	(4,285)
Miss Emma Chen
There were no conditions attached to the loan which was interest free	(1,097)	13,002	(11,673)	232

2016	At 1 March 2015 £	Advances to directors £	Repayments by director £	At 29 February 2016 £
Mr Jonathan Jenkins
There were no conditions attached to the loan which was interest free	3,627	22,658	(27,426)	(1,141)
Miss Emma Chen
There were no conditions attached to the loan which was interest free	2,745	13,490	(17,332)	(1,097)

Page 3

Smart Accountancy Systems Limited

(Registration number: 07349407)
Balance Sheet as at 28 February 2017

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 28 April 2017 and signed on its behalf by:
 

.........................................

Mr Jonathan Jenkins

Director

The notes on page 3 form an integral part of these financial statements.

Page 4