Smart Desk Systems Limited - Accounts to registrar (filleted) - small 18.2

Smart Desk Systems Limited - Accounts to registrar (filleted) - small 18.2

SMART DESK SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 05999412 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Smart Desk Systems Limited
Smart Desk Systems Limited (Registered number: 05999412)

Contents of the Financial Statements
for the year ended 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Smart Desk Systems Limited

Company Information
for the year ended 31 December 2017







DIRECTOR: T J Wells





REGISTERED OFFICE: 32 St. James Street
London
SW1A 1HD





REGISTERED NUMBER: 05999412 (England and Wales)





ACCOUNTANTS: Ashbys Chartered Accountants
Morton House
9 Beacon Court
Pitstone Green Business Park
Pitstone
LU7 9GY
Page 1
Smart Desk Systems Limited (Registered number: 05999412)

Balance Sheet
31 December 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Debtors 5 190,409 142,619
Cash at bank 23,590 3,491
213,999 146,110
CREDITORS
Amounts falling due within one year 6 37,114 30,271
NET CURRENT ASSETS 176,885 115,839
TOTAL ASSETS LESS CURRENT
LIABILITIES
176,885
115,839

CAPITAL AND RESERVES
Called up share capital 581,000 581,000
Retained earnings (404,115 ) (465,161 )
SHAREHOLDERS' FUNDS 176,885 115,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 11 September 2018 and were signed by:





T Wells - Director


The notes form part of these financial statements

Page 2
Smart Desk Systems Limited (Registered number: 05999412)

Notes to the Financial Statements
for the year ended 31 December 2017


1. STATUTORY INFORMATION

Smart Desk Systems 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 goods and services, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development
expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and
financial viability of individual projects. In this situation the expenditure is deferred and is amortised over the
period during which the company is expected to benefit.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2017
and 31 December 2017 158,867
AMORTISATION
At 1 January 2017
and 31 December 2017 158,867
NET BOOK VALUE
At 31 December 2017 -
At 31 December 2016 -

Page 3 continued...
Smart Desk Systems Limited (Registered number: 05999412)

Notes to the Financial Statements - continued
for the year ended 31 December 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017
and 31 December 2017 19,575
DEPRECIATION
At 1 January 2017
and 31 December 2017 19,575
NET BOOK VALUE
At 31 December 2017 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 3,162 18,316
Amounts owed by group undertakings 187,059 112,649
Other debtors 188 11,654
190,409 142,619

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 732 280
Amounts owed to group undertakings - 1,222
Taxation and social security 2,962 3,339
Other creditors 33,420 25,430
37,114 30,271

7. RELATED PARTY DISCLOSURES

During the period the company loaned TGL Services (UK) Limited, a parent undertaking, £62,943 (2016:
£65,914). At the balance sheet date the amount owed by TGL Services (UK) Limited was £187,058 (2016:
£124,115). The loan is interest free and repayable upon demand.

Page 4