NAM Consulting Limited - Period Ending 2014-08-31

Registration number: 05527956

NAM Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

R & A Accountancy Services (Lincs) Ltd
Accountants
Croft Cottage Brackenhill Road
Eastlound
Haxey
Doncaster
South Yorkshire
DN9 2LR

NAM Consulting Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
NAM Consulting Limited
for the Year Ended 31 August 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NAM Consulting Limited for the year ended 31 August 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Financial Accountants we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of NAM Consulting Limited , as a body, in accordance with the terms of our engagement letter dated 6 August 2005 . Our work has been undertaken solely to prepare for your approval the accounts of NAM Consulting Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NAM Consulting Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NAM Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NAM Consulting Limited. You consider that NAM Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of NAM Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

R & A Accountancy Services (Lincs) Ltd
Accountants
Croft Cottage Brackenhill Road
Eastlound
Haxey
Doncaster
South Yorkshire
DN9 2LR

31 March 2015

Page 1

NAM Consulting Limited
(Registration number: 05527956)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					271			338
Current assets
Debtors					4,066			4,431
Cash at bank and in hand					90,910			78,932
					94,976			83,363
Creditors: Amounts falling due within one year					(21,361)			(20,610)
Net current assets					73,615			62,753
Total assets less current liabilities					73,886			63,091
Provisions for liabilities					(55)			(68)
Net assets					73,831			63,023
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					73,830			63,022
Shareholders' funds					73,831			63,023

For the year ending 31 August 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 director acknowledges his 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 director on 31 March 2015

.........................................
Mr Nigel Mawson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

NAM Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		1,465			1,465
At 31 August 2014		1,465			1,465
Depreciation
At 1 September 2013		1,127			1,127
Charge for the year		67			67
At 31 August 2014		1,194			1,194
Net book value
At 31 August 2014		271			271
At 31 August 2013		338			338

Page 3

NAM Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4