Abbreviated Company Accounts - NEXGIFT LIMITED

08403416 NEXGIFT LIMITED 2014-12-31 false 2014-03-01 2014-12-31 true 08403416 2014-03-01 2014-12-31 08403416 2014-12-31 08403416 2014-02-28 08403416 uk-gaap-cd-bus:Director1 2014-03-01 2014-12-31 08403416 uk-gaap-cd-bus:Director2 2014-03-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 08403416

NEXGIFT LIMITED

Abbreviated Accounts

31 December 2014

NEXGIFT LIMITED Registered Number 08403416

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	28/02/2014
		£	£
Fixed assets
Intangible assets	2	4,725	-
Tangible assets	3	11,091	-
		15,816	-
Current assets
Stocks		77,820	-
Debtors		491,002	-
Cash at bank and in hand		38,168	1
		606,990	1
Creditors: amounts falling due within one year		(550,303)	-
Net current assets (liabilities)		56,687	1
Total assets less current liabilities		72,503	1
Total net assets (liabilities)		72,503	1
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		72,502	0
Shareholders' funds		72,503	1

For the year ending 31 December 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 12 March 2015

And signed on their behalf by:
D J King, Director

NEXGIFT LIMITED Registered Number 08403416

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery etc - 25% on reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Other accounting policies
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Intangible fixed assets

	£
Cost
At 1 March 2014	-
Additions	4,725
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	4,725
Amortisation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	4,725
At 28 February 2014	-

3Tangible fixed assets

	£
Cost
At 1 March 2014	0
Additions	13,864
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	13,864
Depreciation
At 1 March 2014	-
Charge for the year	2,773
On disposals	-
At 31 December 2014	2,773
Net book values
At 31 December 2014	11,091
At 28 February 2014	0

4Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	28/02/2014 £
1 Ordinary shares of £1 each	1	1