Abbreviated Company Accounts - NORGATE TELECOM SERVICES LIMITED

Abbreviated Company Accounts - NORGATE TELECOM SERVICES LIMITED

NORGATE TELECOM SERVICES LIMITED - Company Information

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Registered Number 02183881

NORGATE TELECOM SERVICES LIMITED

Abbreviated Accounts

31 March 2014

NORGATE TELECOM SERVICES LIMITED Registered Number 02183881

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Current assets
Stocks 1,500 1,500
Debtors 7,814 6,884
Cash at bank and in hand 5,910 8,072
15,224 16,456
Creditors: amounts falling due within one year (12,951) (11,783)
Net current assets (liabilities) 2,273 4,673
Total assets less current liabilities 2,273 4,673
Accruals and deferred income (856) (2,036)
Total net assets (liabilities) 1,417 2,637
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,317 2,537
Shareholders' funds 1,417 2,637
  • For the year ending 31 March 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 18 July 2014

And signed on their behalf by:
M S Dickman, Director

NORGATE TELECOM SERVICES LIMITED Registered Number 02183881

Notes to the Abbreviated Accounts for the period ended 31 March 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 amounts receivable from customers excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided by the company on a straight line basis to write off the cost or valuation less the estimated residual value of tangible fixed assets over their estimated useful economic lives as follows:

Plant and equipment 25% Straight line

Valuation information and policy
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is the estimated selling price reduced by all costs of completion, marketing, selling and distribution.