Company Registration No. 2819025 (England and Wales)
SMART CONTROL SYSTEMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
SMART CONTROL SYSTEMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SMART CONTROL SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
257,497
266,827
Current assets
Debtors
713,329
762,566
Cash at bank and in hand
553,328
375,800
1,266,657
1,138,366
Creditors: amounts falling due within one year
3
(704,379)
(749,073)
Net current assets
562,278
389,293
Total assets less current liabilities
819,775
656,120
Creditors: amounts falling due after more than one year
4
(56,490)
(71,490)
Provisions for liabilities
(3,113)
(3,554)
760,172
581,076
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
760,072
580,976
Shareholders' funds
760,172
581,076
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 December 2016
Mr R Minchington
Mr C Moores
Director
Director
Company Registration No. 2819025
SMART CONTROL SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% straight line from first full year of acquistion
Fixtures, fittings & equipment
15% reducing balance
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
SMART CONTROL SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
401,209
Additions
1,500
At 30 June 2016
402,709
Depreciation
At 1 July 2015
134,382
Charge for the year
10,830
At 30 June 2016
145,212
Net book value
At 30 June 2016
257,497
At 30 June 2015
266,827
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £15,007 (2015 - £14,637).
4
Creditors: amounts falling due after more than one year
Total amounts repayable by instalments which are due in more than five years
-
9,146
The aggregate amount of creditors for which security has been given amounted to £56,490 (2015 - £71,490).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100