Company Registration No. 07821849 (England and Wales)
Sweetmotion Limited
Unaudited accounts
for the year ended 31 December 2016
Sweetmotion Limited
Unaudited accounts
Contents
Sweetmotion Limited
Company Information
for the year ended 31 December 2016
Company Number
07821849 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
Herts.
EN8 7AN
Sweetmotion Limited
Statement of financial position
as at
31 December 2016
Cash at bank and in hand
1,504
5,635
Creditors: amounts falling due within one year
(23,647)
(23,983)
Net current liabilities
(22,143)
(17,552)
Net liabilities
(20,524)
(17,552)
Called up share capital
100
100
Profit and loss account
(20,624)
(17,652)
Shareholders' funds
(20,524)
(17,552)
For the year ending 31 December 2016 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 director acknowledges his 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 August 2017.
Mr P. Jenkins
Director
Company Registration No. 07821849
Sweetmotion Limited
Notes to the Accounts
for the year ended 31 December 2016
Sweetmotion Limited is a private company, limited by shares, registered in England and Wales, registration number 07821849. The principal place of business is 24 The Grove, Biggin Hill, Westerham, Kent, TN16 3TB.
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.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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:
Fixtures & fittings
10% Straight Line Basis
Computer equipment
33 1/3% Straight Line Basis
Sweetmotion Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
1,250
512
1,762
At 31 December 2016
1,250
512
1,762
Charge for the year
115
28
143
At 31 December 2016
115
28
143
At 31 December 2016
1,135
484
1,619
6
Creditors: amounts falling due within one year
2016
2015
Taxes and social security
16,832
12,412
Loans from directors
284
10,324
7
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Mr P. Jenkins throughout the current period. Mr P. Jenkins is personally interested in 100% of the company's issued share capital.
Mr P. Jenkins received a dividend from the company during the year of £27,000 (2015: £55,000).
9
Average number of employees
During the year the average number of employees was 1 (2015: 1).