Abbreviated Company Accounts - SMART ELECTRICAL SYSTEMS LTD

Abbreviated Company Accounts - SMART ELECTRICAL SYSTEMS LTD


Registered Number 07983512

SMART ELECTRICAL SYSTEMS LTD

Abbreviated Accounts

31 March 2014

SMART ELECTRICAL SYSTEMS LTD Registered Number 07983512

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 66,691 75,877
66,691 75,877
Current assets
Debtors 55,752 69,272
Cash at bank and in hand 26,808 45,885
82,560 115,157
Creditors: amounts falling due within one year (80,024) (127,669)
Net current assets (liabilities) 2,536 (12,512)
Total assets less current liabilities 69,227 63,365
Total net assets (liabilities) 69,227 63,365
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 69,226 63,364
Shareholders' funds 69,227 63,365
  • For the year ending 31 March 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 30 December 2014

And signed on their behalf by:
R A Williams, Director

SMART ELECTRICAL SYSTEMS LTD Registered Number 07983512

Notes to the Abbreviated Accounts for the period ended 31 March 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
The Turnover shown in the Profit and Loss Account represents amounts invoiced during the year exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 25% reducing balance
Plant & Machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2013 101,170
Additions 13,042
Disposals -
Revaluations -
Transfers -
At 31 March 2014 114,212
Depreciation
At 1 April 2013 25,293
Charge for the year 22,228
On disposals -
At 31 March 2014 47,521
Net book values
At 31 March 2014 66,691
At 31 March 2013 75,877
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1 Ordinary shares of £1 each 1 1