Company Registration No. 10027821 (England and Wales)
Smooth Organics Ltd
Unaudited accounts
for the year ended 28 February 2019
Smooth Organics Ltd
Unaudited accounts
Contents
Smooth Organics Ltd
Company Information
for the year ended 28 February 2019
Directors
V Kotecha
M Khakar
Company Number
10027821 (England and Wales)
Registered Office
INTERNATIONAL HOUSE
24 HOLBORN VIADUCT
LONDON
EC1A 2BN
ENGLAND
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Smooth Organics Ltd
Statement of financial position
as at
28 February 2019
Cash at bank and in hand
169
166
Creditors: amounts falling due within one year
(8,395)
(500)
Net current liabilities
(6,426)
(212)
Net liabilities
(3,437)
(212)
Called up share capital
110
110
Share premium
106,870
35,589
Profit and loss account
(110,417)
(35,911)
Shareholders' funds
(3,437)
(212)
For the year ending 28 February 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 November 2019.
V Kotecha
Director
Company Registration No. 10027821
Smooth Organics Ltd
Notes to the Accounts
for the year ended 28 February 2019
Smooth Organics Ltd is a private company, limited by shares, registered in England and Wales, registration number 10027821. The registered office is INTERNATIONAL HOUSE, 24 HOLBORN VIADUCT, LONDON, EC1A 2BN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Smooth Organics Ltd
Notes to the Accounts
for the year ended 28 February 2019
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 28 February 2019
3,229
At 28 February 2019
2,989
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
596
-
7
Share capital
2019
2018
Allotted, called up and fully paid:
110 Ordinary shares of £1 each
110
110
8
Average number of employees
During the year the average number of employees was 0 (2018: 0).