Smartpad Ltd - Period Ending 2014-03-31

Registration number: 07840160

Smartpad Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2014
 

Nigel Ricks & Company Ltd
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR

Smartpad Ltd
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6

The following pages do not form part of the statutory financial statements:

Detailed Profit and Loss Account 7

Smartpad Ltd
Company Information

Director

Mr P Walker

Registered office

42 Glebe Street Loughborough Leicestershire LE11 1JR

Accountants

Nigel Ricks & Company Ltd 42 Glebe Street Loughborough Leicestershire LE11 1JR

Page 1

Smartpad Ltd
Director's Report for the Year Ended 31 March 2014

The director presents his report and the unaudited financial statements for the year ended 31 March 2014.

Director of the company

The director who held office during the year was as follows:

Mr P Walker

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 7 November 2014 and signed on its behalf by:

.........................................
Mr P Walker
Director

Page 2

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Smartpad Ltd
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Smartpad Ltd for the year ended 31 March 2014 set out on pages 4 to 6 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Smartpad Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Smartpad Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smartpad Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Smartpad Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Smartpad Ltd. You consider that Smartpad 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 accounts of Smartpad 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 accounts.

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

Nigel Ricks & Company Ltd
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR

7 November 2014

Page 3

Smartpad Ltd
Profit and Loss Account for the Year Ended 31 March 2014

		Note			2014 £			2013 £
Turnover
Operating profit/(loss)
Profit/(loss) on ordinary activities before taxation
Profit/(loss) for the financial year		4
Retained profit brought forward
Dividends
Retained profit carried forward

The notes on page 6 form an integral part of these financial statements.
Page 4

Smartpad Ltd
(Registration number: 07840160)
Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Current assets
Debtors		2			1			1
Capital and reserves
Called up share capital		3			1			1
Shareholders' funds					1			1

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Approved and authorised for issue by the director on 7 November 2014

.........................................
Mr P Walker
Director

The notes on page 6 form an integral part of these financial statements.
Page 5

Smartpad Ltd
Notes to the Financial Statements for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Debtors

		2014 £			2013 £
Other debtors		1			1

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

4

Reserves

		Total £
At 31 March 2014		-

5

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 6

Smartpad Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2014

		2014						2013
	£			£			£			£
Gross profit (%)					0%						0%

Page 7