SMS Manufacturing Limited - Accounts to registrar - small 17.2

SMS Manufacturing Limited - Accounts to registrar - small 17.2

SMS MANUFACTURING LIMITED - Company Information

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REGISTERED NUMBER: 07751716 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

SMS MANUFACTURING LIMITED

SMS MANUFACTURING LIMITED (REGISTERED NUMBER: 07751716)

Contents of the Financial Statements
for the Year Ended 31 December 2016










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SMS MANUFACTURING LIMITED

Company Information
for the Year Ended 31 December 2016







DIRECTOR: V Sodin





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 07751716 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP
Page 1
SMS MANUFACTURING LIMITED (REGISTERED NUMBER: 07751716)

Statement of Financial Position
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,830 5,830

CURRENT ASSETS
Debtors 5 95,508 82,076
Cash at bank 629 4,116
96,137 86,192
CREDITORS
Amounts falling due within one year 6 18,911 12,921
NET CURRENT ASSETS 77,226 73,271
TOTAL ASSETS LESS CURRENT
LIABILITIES
83,056
79,101

CAPITAL AND RESERVES
Called up share capital 11,000 11,000
Retained earnings 72,056 68,101
SHAREHOLDERS' FUNDS 83,056 79,101

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 September 2017 and were signed by:





V Sodin - Director


The notes form part of these financial statements

Page 2
SMS MANUFACTURING LIMITED (REGISTERED NUMBER: 07751716)

Notes to the Financial Statements
for the Year Ended 31 December 2016


1. STATUTORY INFORMATION

SMS Manufacturing Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the statement of financial position date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2016
and 31 December 2016 5,830
NET BOOK VALUE
At 31 December 2016 5,830
At 31 December 2015 5,830

Page 3 continued...
SMS MANUFACTURING LIMITED (REGISTERED NUMBER: 07751716)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed by group undertakings 95,332 81,315
Other debtors 176 761
95,508 82,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 120 754
Taxation and social security 12,051 1,994
Other creditors 6,740 10,173
18,911 12,921

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loans were due to the directors during the year :

31.12.1631.12.15
£   £   
Balance outstanding and due to directors at 1st January5,8405,840
Introduced in the year --
Repaid to directors during the year ended 31st December--
Balance outstanding and due to directors at 31st December5,8405,840

8. ULTIMATE CONTROLLING PARTY

The controlling party is V Sodin.

9. GOING CONCERN

Due to the nature of the company's trade the company has not recorded any sales in 2016 although it
has incurred overhead costs. In part these are related to the profitable activity undertaken in 2013 and
others have been incurred in 2016 in anticipation of future revenue streams and profits in 2017.

It is hoped that the sale of intellectual property that took place in 2013 will generate royalties for the
company in 2017.

10. RELATED PARTY TRANSACTIONS

During the year SMS Manufacturing received £6,000 from SMS Metering a company for whom they
are a shareholder and director.

Credit notes totalling £34,416 were also received from SMS Metering during the year adding to the
balance outstanding from SMS Manufacturing of £95,332.

Page 4