Scott Mihajlovic Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02875095 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Scott Mihajlovic Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

Ms E M Scott

SECRETARY:

D Mihajlovic

REGISTERED OFFICE:

38 Fuller Court

149 Park Road

London

N8 8JD

REGISTERED NUMBER:

02875095 (England and Wales)

ACCOUNTANTS:

Hall & Co Accountancy Ltd

Unit 96

The Maltings Business Centre

The Maltings

Stanstead Abbotts

Hertfordshire

SG12 8HG

FIXED ASSETS

Tangible assets

3

2,706

813

CURRENT ASSETS

Stocks

8,450

13,750

Debtors

4

14,565

305

Cash at bank

2,433

4,558

25,448

18,613

CREDITORS

Amounts falling due within one year

5

23,412

19,316

NET CURRENT ASSETS/(LIABILITIES)

2,036

(703

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,742

110

CAPITAL AND RESERVES

Called up share capital

3

2

Retained earnings

4,739

108

SHAREHOLDERS' FUNDS

4,742

110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 3 August 2018 and were signed by:

Ms E M Scott - Director

1.	STATUTORY INFORMATION

Scott Mihajlovic Associates 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2016

6,381

25,767

32,148

Additions

3,550

-

3,550

At 30 November 2017

9,931

25,767

35,698

DEPRECIATION

At 1 December 2016

6,036

25,299

31,335

Charge for year

1,353

304

1,657

At 30 November 2017

7,389

25,603

32,992

NET BOOK VALUE

At 30 November 2017

2,542

164

2,706

At 30 November 2016

345

468

813

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

3,240

-

Other debtors

11,325

305

14,565

305

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

8,372

-

Taxation and social security

16

16,916

Other creditors

15,024

2,400

23,412

19,316

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,500 (2016 - £24,500) were paid to the director .

7.	CONTROLLING PARTY

The controlling party is Mr D Mihajlovic.

The ultimate controlling party is Mr D Mihajlovic.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Scott Mihajlovic Associates Limited for the year ended

30 November 2017 which comprise the Income Statement, Balance Sheet and the related notes

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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Scott Mihajlovic Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scott Mihajlovic Associates Limited and state those matters that we have agreed to state to the director of Scott Mihajlovic Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scott Mihajlovic Associates Limited and its director for our work or for this report.

It is your duty to ensure that Scott Mihajlovic Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scott Mihajlovic Associates Limited. You consider that Scott Mihajlovic Associates Limited 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 financial statements of Scott Mihajlovic Associates Limited. 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 financial statements.

Hall & Co Accountancy Ltd

Unit 96

The Maltings Business Centre

The Maltings

Stanstead Abbotts

Hertfordshire

SG12 8HG

3 August 2018