NDO Purchasing Consultancy Limited - Period Ending 2020-03-31

NDO Purchasing Consultancy Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

NDO Purchasing Consultancy Limited

Balance Sheet

31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	181	327
Current assets
Debtors	6	1,684	1,738
Other financial assets	5	55,041	55,041
Cash at bank and in hand		10,840	21,047
		67,565	77,826
Creditors: Amounts falling due within one year	7	(4,700)	(6,372)
Net current assets		62,865	71,454
Net assets		63,046	71,781
Capital and reserves
Called up share capital		1	1
Profit and loss account		63,045	71,780
Total equity		63,046	71,781

NDO Purchasing Consultancy Limited

Balance Sheet

31 March 2020

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 March 2021
 

......................................... N D Offer Director

Company Registration Number: 05199534

NDO Purchasing Consultancy Limited

Notes to the Financial Statements

Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

The principal place of business is:
Brookside Cottage
Hare Lane
Ashley
New Milton
Hampshire
BH25 5AF

These financial statements were authorised for issue by the director on 22 March 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

NDO Purchasing Consultancy Limited

Notes to the Financial Statements

Year Ended 31 March 2020

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Office equipment	25% straight line

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.



 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2019 - 1).

NDO Purchasing Consultancy Limited

Notes to the Financial Statements

Year Ended 31 March 2020

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2019	4,091	4,091
At 31 March 2020	4,091	4,091
Depreciation
At 1 April 2019	3,764	3,764
Charge for the year	146	146
At 31 March 2020	3,910	3,910
Carrying amount
At 31 March 2020	181	181
At 31 March 2019	327	327

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Current financial assets
Cost or valuation
At 1 April 2019	55,041	55,041
At 31 March 2020	55,041	55,041
Carrying amount
At 31 March 2020	55,041	55,041

NDO Purchasing Consultancy Limited

Notes to the Financial Statements

Year Ended 31 March 2020

6

Debtors

	2020 £	2019 £
Other debtors	1,684	1,738
	1,684	1,738

7

Creditors

Creditors: amounts falling due within one year

	2020 £	2019  £
Due within one year
Other creditors	4,700	6,372

8	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1