SMITHS_CONSULTING_LIMITED

SMITHS CONSULTING LIMITED

COMPANY INFORMATION

Directors

F Todd on behalf of Capita Corporate Director Limited

R J Shearer

(Appointed 4 June 2013)

Secretary

Capita Group Secretary Limited

Company number

05030492

Registered office

17 Rochester Row

London

SW1P 1QT

Bankers

Barclays Bank PLC

1 Churchill Place

London

E14 5HP

SMITHS CONSULTING LIMITED

CONTENTS

Page

Directors' report

1

Profit and loss account

2

Balance sheet

3

Notes to the financial statements

4 - 5

SMITHS CONSULTING LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2013

- 1 -

The directors present their report and financial statements for the year ended 31 December 2013. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 1 January 2013:

F Todd on behalf of Capita Corporate Director Limited

R J Shearer

(Appointed 4 June 2013)

G D Ellen

(Resigned 5 June 2013)

W J S Floydd

(Resigned 17 June 2013)

P Hands

(Appointed 5 June 2013 and resigned 28 October 2013)

On behalf of the board

F Todd on behalf of Capita Corporate Director Limited

Director

24 September 2014

SMITHS CONSULTING LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

2013

2012

Notes

£

Turnover

-

8,311,718

Cost of sales

-

(6,288,321)

Gross (loss)/profit

-

2,023,397

Administrative expenses

-

(417,773)

Operating (loss)/profit

-

1,605,624

Other interest receivable and similar income

2

-

3,467

(Loss)/profit on ordinary activities before taxation

-

1,609,091

Tax on (loss)/profit on ordinary activities

-

79,154

(Loss)/profit for the year

7

-

1,688,245

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

SMITHS CONSULTING LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2013

- 3 -

2013

2012

Notes

£

Current assets

Debtors

4

2,783,591

Total assets less current liabilities

2,783,591

Capital and reserves

Called up share capital

6

23,885

Share premium account

7

145,390

Profit and loss account

7

2,614,316

Shareholders' funds

2,783,591

Audit exemption statement

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and

-

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 24 September 2014

F Todd on behalf of Capita Corporate Director Limited

Director

Company Registration No. 05030492

SMITHS CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

1

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

Following the transfer of the business trade and assets, the company has ceased trading. For this reason, and as required by FRS 18.21, the directors have prepared the financial statements on the basis that the company is no longer a going concern.

The company has not produced a cashflow statement on the basis that the ultimate parent undertaking, Capita plc, has prepared a group cashflow statement in accordance with FRS1 (revised).

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 period has been derived from its principal activity wholly undertaken in the United Kingdom.

1.4

Pensions

The company maintains a contracted-out money purchase scheme and contributions are charged to the profit and loss account in the year in which they are due.

2

Investment income

2013

2012

£

Bank interest

-

3,467

-

3,467

3

Dividends

2013

2012

£

Ordinary final paid

-

2,000,000

4

Debtors

2013

2012

£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

2,783,591

SMITHS CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 5 -

5

Pension and other post-retirement benefit commitments

Defined contribution

2013

2012

£

Contributions payable by the company for the year

-

14,244

6

Share capital

2013

2012

£

Allotted, called up and fully paid

23,885 Ordinary shares of £1 each

23,885

7

Statement of movements on reserves

Share premium account

Profit and loss
account

£

Balance at 1 January 2013

145,390

2,614,316

Balance at 31 December 2013

145,390

2,614,316

8

Control

The immediate parent company is Capita IT Services Limited, a company registered in England and Wales, and the ultimate parent company is Capita plc, a company registered in England and Wales.

Capita plc prepares group financial statements and copies can be obtained from 71 Victoria Street, Westminster, London SW1H 0XA.