Company Registration No. SC243863 (Scotland)
SMI CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
SMI CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SMI CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
2016-02-29
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
501
235
Current assets
Debtors
4,499
101
Cash at bank and in hand
52,635
16,719
57,134
16,820
Creditors: amounts falling due within one year
(16,712)
(10,679)
Net current assets
40,422
6,141
Total assets less current liabilities
40,923
6,376
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
40,823
6,276
Shareholders' funds
40,923
6,376
For the financial year ended 29 February 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 2 June 2016
Dr Sarah Aldred
Professor Gerard Hastings
Director
Director
Company Registration No. SC243863
SMI CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 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 net invoiced sales of goods, excluding value added tax.
net invoiced sales of goods, excluding value added tax.
1.4
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment
25% on reducing balance and 15% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
1,368
Additions
429
At 29 February 2016
1,797
Depreciation
At 1 March 2015
1,133
Charge for the year
163
At 29 February 2016
1,296
Net book value
At 29 February 2016
501
At 28 February 2015
235
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100