SMT HOLDINGS LIMITED |
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BALANCE SHEET |
AS AT 31 March 2016
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Notes |
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2016 |
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2014 |
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£ |
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£ |
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FIXED ASSETS |
Investments |
2 |
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66,076 |
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200,000 |
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CURRENT ASSETS |
Debtors |
2,187 |
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3,653 |
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CREDITORS: Amounts falling due |
400 |
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400 |
within one year |
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NET CURRENT ASSETS |
1,787 |
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3,253 |
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NET ASSETS |
67,863 |
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203,253 |
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CAPITAL AND RESERVES |
Called up share capital |
3 |
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45,000 |
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45,000 |
Profit and loss account |
22,863 |
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158,253 |
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SHAREHOLDERS' FUNDS |
67,863 |
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203,253 |
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These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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Signed on behalf of the board of directors |
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M Moore |
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M Troth |
Director |
Director |
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Date approved by the board: 1 November 2016
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SMT HOLDINGS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD ENDED 31 MARCH 2016 |
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1 |
STATEMENT OF ACCOUNTING POLICIES |
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Accounting convention |
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The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Investments |
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Fixed asset investments are shown at cost less provision for permanent diminution in value. |
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Financial instruments |
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Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Consolidation |
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The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts. |
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2 |
FIXED ASSET INVESTMENTS |
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Investments |
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£ |
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Cost |
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At 1 October 2014 |
200,000 |
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Revaluation |
(133,924) |
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At 31 March 2016 |
66,076 |
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Net book value |
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At 1 October 2014 |
200,000 |
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At 31 March 2016 |
66,076 |
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The company owns 100% of the ordinary share capital of Fericon Press Limited. |
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Capital and reserves of Fericon Press Limited |
2016 |
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2014 |
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£ |
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£ |
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Called up share capital |
87,000 |
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87,000 |
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Share premium account reserve |
2,589 |
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2,589 |
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Profit and loss account reserve |
(23,513) |
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25,210 |
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Shareholder's funds |
66,076 |
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114,799 |
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(Loss) / profit for the financial period |
(48,723) |
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9,247 |
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The capital and reserves of Fericon Press Limited are based on un-audited accounts for the period ended 31 March 2016. |
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3 |
SHARE CAPITAL |
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Nominal value |
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Number |
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2016 |
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2014 |
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£ |
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£ |
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£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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1
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45,000
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45,000 |
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45,000 |
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