FVG Smarti Environmental Products Ltd - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 09142533 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2015 to 31 December 2015

for

FVG Smarti Environmental Products Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Richards

REGISTERED OFFICE:

Southgate House

59 Magdalen Street

Exeter

Devon

EX2 4HY

REGISTERED NUMBER:

09142533 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

Southgate House

59 Magdalen Street

Exeter

Devon

EX2 4HY

CURRENT ASSETS

Stocks

5,905

-

Debtors: amounts falling due within one year

4

1,513

100

Cash at bank

1,630

-

9,048

100

CREDITORS

Amounts falling due within one year

5

12,238

-

NET CURRENT (LIABILITIES)/ASSETS

(3,190

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,190

)

100

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(3,290

)

-

SHAREHOLDERS' FUNDS

(3,190

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 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 30 September 2016 and were signed by:

M J Richards - Director

1.	STATUTORY INFORMATION

FVG Smarti Environmental Products Ltd 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.

The directors have reviewed the company's forecasts and finance facilities and believe that despite the negative

balance sheet, with their ongoing support, the company will manage its business risks successfully and will

continue in operational existence for the foreseeable future. For this reason the accounts have been prepared

on the going concern basis.

Turnover

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

value added tax and other sales taxes.

Stocks

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

slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.7.15

£

£

Trade debtors

1,146

-

Other debtors

267

-

Called up share capital not paid

100

100

1,513

100

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.7.15

£

£

Trade creditors

1,994

-

VAT

951

-

Other creditors

1,262

-

Directors' loan accounts

6,831

-

Accrued expenses

1,200

-

12,238

-

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.15

31.7.15

value:

£

£

100

Share capital 1

£1

100

100

7.	RELATED PARTY DISCLOSURES

Include within other creditors is a loan from the director Mr M Richards. The loan is interest free and repayable

on demand. The balance at the year end was £6,831.

Include within other creditors is a loan from the parent company, Full View Group (UK) Limited. The loan is

interest free and repayable on demand. The balance at the year end was £331.