Abbreviated Company Accounts - NOT IN IT (NII) LIMITED

Abbreviated Company Accounts - NOT IN IT (NII) LIMITED

NOT IN IT (NII) LIMITED - Company Information

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Registered Number 08629236

NOT IN IT (NII) LIMITED

Abbreviated Accounts

31 July 2014

NOT IN IT (NII) LIMITED Registered Number 08629236

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014
£
Called up share capital not paid 1
Fixed assets
Tangible assets 2 2,000
2,000
Current assets
Debtors 620
Cash at bank and in hand 379
999
Net current assets (liabilities) 999
Total assets less current liabilities 3,000
Provisions for liabilities (2,050)
Total net assets (liabilities) 950
Capital and reserves
Called up share capital 1
Revaluation reserve 2,999
Profit and loss account (2,050)
Shareholders' funds 950
  • For the year ending 31 July 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 30 April 2015

And signed on their behalf by:
Anthony Andrew Downer, Director

NOT IN IT (NII) LIMITED Registered Number 08629236

Notes to the Abbreviated Accounts for the period ended 31 July 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 the value of all earnings accruing to the business during the year net of all Value added taxes

Tangible assets depreciation policy
The company presently only owns a motor car used for operations and computers are depreciated on Straight line basis over a period of 4 years.

Intangible assets amortisation policy
Intangible assets are expensed in the year the expense .

2Tangible fixed assets
£
Cost
Additions 3,000
Disposals -
Revaluations -
Transfers -
At 31 July 2014 3,000
Depreciation
Charge for the year 1,000
On disposals -
At 31 July 2014 1,000
Net book values
At 31 July 2014 2,000

Company car was purchased during the year and used for the business by the director . This is written down over a 3 year period.