SMD Fixings Ltd - Accounts to registrar - small 17.2
SMD Fixings Ltd - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2016 |
| FOR |
| SMD FIXINGS LTD |
| SMD FIXINGS LTD (REGISTERED NUMBER: 03634370) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 2 |
| SMD FIXINGS LTD (REGISTERED NUMBER: 03634370) |
| BALANCE SHEET |
| 31 OCTOBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities | ( |
) |
| Capital and reserves |
| Called up share capital | 6 |
| Retained earnings | ( |
) |
| Shareholders' funds | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| SMD FIXINGS LTD (REGISTERED NUMBER: 03634370) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 1. | Statutory information |
| SMD Fixings Limited is a private company, limited by shares, registered in England and Wales. The company's registered |
| number is 03634370. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 5 |
| Nairn Road, Canford Cliffs, Poole, Dorset, BH13 7NE. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents commission received in respect of supplying products for metal decking flooring. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or |
| past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that |
| have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of |
| current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
| differences are differences between taxable profits and total comprehensive income as stated in the financial statements |
| that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are |
| recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the |
| extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable |
| profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
| date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible |
| fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the |
| contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract |
| that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any |
| losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Debtors: amounts falling due within one year |
| 2016 | 2015 |
| £ | £ |
| Directors' current accounts | - | 1,770 |
| 5. | Creditors: amounts falling due within one year |
| 2016 | 2015 |
| £ | £ |
| Tax |
| Directors' current accounts | 3,208 | 848 |
| Accruals and deferred income |
| SMD FIXINGS LTD (REGISTERED NUMBER: 03634370) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 | 3 | 3 |
| 7. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 October 2016 and 31 October 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid |
| Amounts written off | 1,770 | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 8. | Ultimate controlling party |
| Mr S Pratten and Mrs S Pratten each own one of the three issued shares, therefore Mr and Mrs Pratten are deemed to have |
| ultimate control. |
| 9. | First year adoption |
| These financial statements for the year ended 31 October 2016 are the first financial statements that comply with FRS 102 |
| Section 1A small entities. The date of transition is 1 November 2014. |
| The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those |
| previously used. |
| The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to |
| these financial statements. |