Abbreviated Company Accounts - SMART IMPACT LIMITED

SMART IMPACT LIMITED - Company Information

Registered Number 06306392

SMART IMPACT LIMITED

Abbreviated Accounts

31 July 2016

SMART IMPACT LIMITED Registered Number 06306392

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	8,149	9,155
		8,149	9,155
Current assets
Debtors		285,641	194,396
Cash at bank and in hand		161,382	80,105
		447,023	274,501
Creditors: amounts falling due within one year		(303,122)	(277,356)
Net current assets (liabilities)		143,901	(2,855)
Total assets less current liabilities		152,050	6,300
Creditors: amounts falling due after more than one year		(95,011)	-
Total net assets (liabilities)		57,039	6,300
Capital and reserves
Called up share capital		2	2
Profit and loss account		57,037	6,298
Shareholders' funds		57,039	6,300

For the year ending 31 July 2016 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 9 August 2016

And signed on their behalf by:
Mr. Ahmed Eltohamay Abdelmoneim, Director

SMART IMPACT LIMITED Registered Number 06306392

Notes to the Abbreviated Accounts for the period ended 31 July 2016

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.
Plant & equipment 25% straight line

Other accounting policies
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 August 2015	12,549
Additions	2,842
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	15,391
Depreciation
At 1 August 2015	3,394
Charge for the year	3,848
On disposals	-
At 31 July 2016	7,242
Net book values
At 31 July 2016	8,149
At 31 July 2015	9,155

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant & equipment 25% straight line