N.C.N.M. Accountancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11462359 (England and Wales)

Unaudited Financial Statements

for the Period 12th July 2018 to 31st March 2019

for

N.C.N.M. Accountancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

NS Cunliffe

REGISTERED OFFICE:

The Lodge

93 Normanston Drive

Oulton Broad

Lowestoft

Suffolk

NR32 2PX

REGISTERED NUMBER:

11462359 (England and Wales)

ACCOUNTANTS:

N.C.N.M. Accountancy Limited

Chartered Accountants

The Lodge

93 Normanston Drive

Oulton Broad

Lowestoft

Suffolk

NR32 2PX

FIXED ASSETS

Intangible assets

4

44,362

Tangible assets

5

3,799

48,161

CURRENT ASSETS

Debtors

6

15,946

Cash at bank

3,352

19,298

CREDITORS

Amounts falling due within one year

7

57,639

NET CURRENT LIABILITIES

(38,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,820

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

9,720

SHAREHOLDERS' FUNDS

9,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 31st December 2019 and were signed by:

NS Cunliffe - Director

1.	STATUTORY INFORMATION

N.C.N.M. Accountancy Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

57,037

At 31st March 2019

57,037

AMORTISATION

Amortisation for period

12,675

At 31st March 2019

12,675

NET BOOK VALUE

At 31st March 2019

44,362

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

612

4,272

4,884

At 31st March 2019

612

4,272

4,884

DEPRECIATION

Charge for period

136

949

1,085

At 31st March 2019

136

949

1,085

NET BOOK VALUE

At 31st March 2019

476

3,323

3,799

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

12,596

Prepayments and accrued income

3,350

15,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

4,376

Directors loan account

53,263

57,639

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

ORDINARY

1

100

100 ORDINARY shares of 1 each were allotted and fully paid for cash at par during the period.

9.

RESERVES

Retained

earnings

£

Profit for the period

9,720

At 31st March 2019

9,720

10.	RELATED PARTY DISCLOSURES

During the year, the director introduced client fees and work-in-progress totalling £61,225, paid

expenses on behalf of the company totalling £9,888, and was reimbursed £17,850. The balance due

to the director at the year end was £53,263.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is NS Cunliffe.

The ultimate controlling party is NS Cunliffe.