NORTHWOOD (HEREFORD) LIMITED

NORTHWOOD (HEREFORD) LIMITED

NORTHWOOD (HEREFORD) LIMITED - Company Information

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NORTHWOOD (HEREFORD) LIMITED

Company Registration Number:
07213954 (England and Wales)

Unaudited abridged accounts for the year ended 30 March 2019

Period of accounts

Start date: 31 March 2018

End date: 30 March 2019

NORTHWOOD (HEREFORD) LIMITED

Contents of the Financial Statements

for the Period Ended 30 March 2019

Balance sheet
Notes

NORTHWOOD (HEREFORD) LIMITED

Balance sheet

As at 30 March 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 133,574 146,407
Tangible assets: 4 0 1,685
Total fixed assets: 133,574 148,092
Current assets
Debtors:   84,664 72,326
Cash at bank and in hand: 66,164 95,012
Total current assets: 150,828 167,338
Creditors: amounts falling due within one year:   (160,551) (338,964)
Net current assets (liabilities): (9,723) (171,626)
Total assets less current liabilities: 123,851 (23,534)
Creditors: amounts falling due after more than one year:   (180,544)
Total net assets (liabilities): (56,693) (23,534)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (56,695) (23,536)
Shareholders funds: (56,693) (23,534)

The notes form part of these financial statements

NORTHWOOD (HEREFORD) LIMITED

Balance sheet statements

For the year ending 30 March 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 December 2019
and signed on behalf of the board by:

Name: Mr Shaun Lee Grantham
Status: Director

The notes form part of these financial statements

NORTHWOOD (HEREFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision ofservices in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction overtheir estimated useful lives, as follows:Asset class Depreciation method and rateFreehold buildings over 50 yearsLeasehold land and buildings over lease termFixtures, fittings and equipment over 5 years

Intangible fixed assets and amortisation policy

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over theiruseful life as follows:Asset class Amortisation method and rateGoodwill over 5 years

NORTHWOOD (HEREFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2019

2. Employees

2019 2018
Average number of employees during the period 11 11

NORTHWOOD (HEREFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2019

3. Intangible Assets

Total
Cost £
At 31 March 2018 233,720
Additions 28,023
At 30 March 2019 261,743
Amortisation
At 31 March 2018 87,313
Charge for year 40,856
At 30 March 2019 128,169
Net book value
At 30 March 2019 133,574
At 30 March 2018 146,407

NORTHWOOD (HEREFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2019

4. Tangible Assets

Total
Cost £
At 31 March 2018 18,224
At 30 March 2019 18,224
Depreciation
At 31 March 2018 16,539
Charge for year 1,685
At 30 March 2019 18,224
Net book value
At 30 March 2019 0
At 30 March 2018 1,685