Spend Matters Europe Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07469932 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Spend Matters Europe Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J D Busch

G P Smith

SECRETARY:

G P Smith

REGISTERED OFFICE:

92 Park Street

Camberley

Surrey

GU15 3NY

BUSINESS ADDRESS:

18 Parkway

Camberley

Surrey

GU15 2PE

REGISTERED NUMBER:

07469932 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

92 Park Street

Camberley

Surrey

GU15 3NY

FIXED ASSETS

Investments

4

17,700

-

CURRENT ASSETS

Debtors

5

57,447

41,672

Cash at bank

291,713

234,321

349,160

275,993

CREDITORS

Amounts falling due within one year

6

(96,173

)

(67,102

)

NET CURRENT ASSETS

252,987

208,891

TOTAL ASSETS LESS CURRENT LIABILITIES

270,687

208,891

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

270,685

208,889

SHAREHOLDERS' FUNDS

270,687

208,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 9 October 2017 and were signed on its behalf by:

G P Smith - Director

1.	STATUTORY INFORMATION

Spend Matters Europe Ltd 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.

These are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The date of

transition is 1 April 2015.

The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes in accounting policies to

those used previously.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the statement of financial position date, turnover represents the value of the service provided to

date based on a proportion of the total expected consideration at completion. Where payments are received from

customers in advance of services provided, the amounts are recorded as deferred income and included as part of

creditors due within one year.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Investments

Investments are included at fair value. Gains are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

Additions

17,700

At 31 March 2017

17,700

NET BOOK VALUE

At 31 March 2017

17,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

20,100

33,129

Directors' current accounts

30,721

-

VAT

6,626

8,543

57,447

41,672

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

43,345

46,200

Tax

15,464

16,703

Directors' current accounts

1,017

2,353

Accruals and deferred income

36,347

1,846

96,173

67,102

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

J D Busch

Balance outstanding at start of year

(208

)

-

Amounts advanced

31,137

-

Amounts repaid

(208

)

(208

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,721

(208

)

G P Smith

Balance outstanding at start of year

(2,145

)

(624

)

Amounts advanced

5,432

7,297

Amounts repaid

(4,304

)

(8,818

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,017

)

(2,145

)

The loan to J D Busch is unsecured, has interest charged at the approved HMRC rate and is repayable within 9

months of the year end.