SMP IT Consultancy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06598442 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

SMP IT Consultancy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S M Potter

REGISTERED OFFICE:

4b Church Street

Diss

Norfolk

IP22 4DD

REGISTERED NUMBER:

06598442 (England and Wales)

ACCOUNTANTS:

Waveney Accountants Ltd

T/A Newman & Co

Chartered Accountants

4b Church Street

Diss

Norfolk

IP22 4DD

FIXED ASSETS

Tangible assets

2

16,151

17,104

CURRENT ASSETS

Debtors

5,137

8,695

Cash at bank

24,102

13,087

29,239

21,782

CREDITORS

Amounts falling due within one year

18,519

20,835

NET CURRENT ASSETS

10,720

947

TOTAL ASSETS LESS CURRENT LIABILITIES

26,871

18,051

PROVISIONS FOR LIABILITIES

3,230

3,421

NET ASSETS

23,641

14,630

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

23,541

14,530

SHAREHOLDERS' FUNDS

23,641

14,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 December 2014 and were signed by:

S M Potter - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

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

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

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

24,371

Additions

4,430

At 31 May 2014

28,801

DEPRECIATION

At 1 June 2013

7,267

Charge for year

5,383

At 31 May 2014

12,650

NET BOOK VALUE

At 31 May 2014

16,151

At 31 May 2013

17,104

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

£1

100

100