Newco Buying Association - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05970990 (England and Wales)

NEWCO BUYING ASSOCIATION

(A COMPANY LIMITED BY GUARANTEE)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D V Kara

D R Halai

SECRETARY:

D V Kara

REGISTERED OFFICE:

Weltech Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

REGISTERED NUMBER:

05970990 (England and Wales)

ACCOUNTANTS:

C S Pomroy & Co

Chartered Accountants

Weltech Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

CURRENT ASSETS

Debtors

1,649

-

Cash at bank

2,856

15,247

4,505

15,247

CREDITORS

Amounts falling due within one year

2,075

11,876

NET CURRENT ASSETS

2,430

3,371

TOTAL ASSETS LESS CURRENT LIABILITIES

2,430

3,371

RESERVES

Income and expenditure account

2,430

3,371

2,430

3,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 February 2015 and were signed on its behalf by:

D V Kara - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied,

exclusive of Value Added Tax.

2.	COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have

share capital. Each member is liable to contribute an amount not exceeding £1 towards the

assets of the company in the event of liquidation.