Abbreviated Company Accounts - NEWTON SOUTH LTD

Abbreviated Company Accounts - NEWTON SOUTH LTD

NEWTON SOUTH LTD - Company Information

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Registered Number 07454686

NEWTON SOUTH LTD

Abbreviated Accounts

30 November 2014

NEWTON SOUTH LTD Registered Number 07454686

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 400 451
400 451
Current assets
Cash at bank and in hand 30,971 26,526
30,971 26,526
Creditors: amounts falling due within one year (15,520) (15,262)
Net current assets (liabilities) 15,451 11,264
Total assets less current liabilities 15,851 11,715
Total net assets (liabilities) 15,851 11,715
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,850 11,714
Shareholders' funds 15,851 11,715
  • For the year ending 30 November 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 March 2015

And signed on their behalf by:
Kevin Newton, Director

NEWTON SOUTH LTD Registered Number 07454686

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% straight line
Equipment, fixtures and fittings 25% straight line

2Tangible fixed assets
£
Cost
At 1 December 2013 902
Additions 220
Disposals -
Revaluations -
Transfers -
At 30 November 2014 1,122
Depreciation
At 1 December 2013 451
Charge for the year 271
On disposals -
At 30 November 2014 722
Net book values
At 30 November 2014 400
At 30 November 2013 451