Abbreviated Company Accounts - SMARTGREEN SUSTAINABILITY LIMITED

Abbreviated Company Accounts - SMARTGREEN SUSTAINABILITY LIMITED


Registered Number 08191952

SMARTGREEN SUSTAINABILITY LIMITED

Abbreviated Accounts

31 March 2016

SMARTGREEN SUSTAINABILITY LIMITED Registered Number 08191952

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 215 287
215 287
Current assets
Debtors 32,874 4,802
Cash at bank and in hand 10 4
32,884 4,806
Creditors: amounts falling due within one year (21,827) (2,967)
Net current assets (liabilities) 11,057 1,839
Total assets less current liabilities 11,272 2,126
Accruals and deferred income (1,511) (1,202)
Total net assets (liabilities) 9,761 924
Capital and reserves
Called up share capital 3 10 10
Profit and loss account 9,751 914
Shareholders' funds 9,761 924
  • For the year ending 31 March 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 23 December 2016

And signed on their behalf by:
Damian Burton, Director

SMARTGREEN SUSTAINABILITY LIMITED Registered Number 08191952

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

1Accounting Policies

Basis of measurement and preparation of accounts
The abbreviated financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abbreviated financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably
estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

2Tangible fixed assets
£
Cost
At 1 April 2015 1,249
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 1,249
Depreciation
At 1 April 2015 962
Charge for the year 72
On disposals -
At 31 March 2016 1,034
Net book values
At 31 March 2016 215
At 31 March 2015 287
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
7 A Ordinary shares of £1 each 7 7
3 B Ordinary shares of £1 each 3 3