Abbreviated Company Accounts - SMART ACCESSORIES LIMITED

SMART ACCESSORIES LIMITED - Company Information

Registered Number 05238997

SMART ACCESSORIES LIMITED

Abbreviated Accounts

30 September 2014

SMART ACCESSORIES LIMITED Registered Number 05238997

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	279	349
		279	349
Current assets
Stocks		32,210	24,660
Cash at bank and in hand		3,530	4,741
		35,740	29,401
Creditors: amounts falling due within one year		(90,107)	(93,465)
Net current assets (liabilities)		(54,367)	(64,064)
Total assets less current liabilities		(54,088)	(63,715)
Total net assets (liabilities)		(54,088)	(63,715)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(54,188)	(63,815)
Shareholders' funds		(54,088)	(63,715)

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 June 2015

And signed on their behalf by:
M Azhar, Director

SMART ACCESSORIES LIMITED Registered Number 05238997

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures, fittings and equipment 20% reducing balance

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 October 2013	1,955
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	1,955
Depreciation
At 1 October 2013	1,606
Charge for the year	70
On disposals	-
At 30 September 2014	1,676
Net book values
At 30 September 2014	279
At 30 September 2013	349