Smart Accountancy Solutions Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06225622 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Smart Accountancy Solutions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

Mr M A Smith

REGISTERED OFFICE:

3 Taylors Lane

Worcester

WR1 1PN

REGISTERED NUMBER:

06225622 (England and Wales)

ACCOUNTANTS:

Smart Accountancy Solutions Limited

3 Taylors Lane

Worcester

WR1 1PN

BANKERS:

National Westminster Bank plc

1 The Cross

Worcester

WR1 3PR

FIXED ASSETS

Tangible assets

4

310

467

CURRENT ASSETS

Debtors

9,670

11,400

Cash at bank

13,206

8,414

22,876

19,814

CREDITORS

Amounts falling due within one year

10,748

12,061

NET CURRENT ASSETS

12,128

7,753

TOTAL ASSETS LESS CURRENT LIABILITIES

12,438

8,220

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

12,436

8,218

SHAREHOLDERS' FUNDS

12,438

8,220

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 December 2017 and were signed by:

Mr M A Smith - Director

1.	STATUTORY INFORMATION

Smart Accountancy Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

2,494

DEPRECIATION

At 1 April 2016

2,027

Charge for year

157

At 31 March 2017

2,184

NET BOOK VALUE

At 31 March 2017

310

At 31 March 2016

467

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M A Smith.

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Smart Accountancy Solutions Limited

3 Taylors Lane

Worcester

WR1 1PN

29 December 2017