Northtronics Ltd

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Registered number: 07846014

Northtronics Ltd

Abbreviated accounts

For The Year Ended 31 March 2015

Terra Finance Ltd

Castle Court

41 London Road

Reigate

Surrey

RH2 9RJ

Northtronics Ltd

Company No. 07846014

Abbreviated Balance Sheet 31 March 2015

Abbreviated Balance Sheet

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		7,057		4,704

			7,057		4,704
CURRENT ASSETS
Debtors	3	34,248		24,322
Cash at bank and in hand		20,462		854

		54,710		25,176
Creditors: Amounts Falling Due Within One Year		(20,155)		(18,469)

NET CURRENT ASSETS (LIABILITIES)			34,555		6,707

TOTAL ASSETS LESS CURRENT LIABILITIES			41,612		11,411

NET ASSETS			41,612		11,411

CAPITAL AND RESERVES
Called up share capital	4		1		1
Profit and Loss account			41,611		11,410

SHAREHOLDERS' FUNDS			41,612		11,411

Page 1

Northtronics Ltd

Company No. 07846014

Abbreviated Balance Sheet (continued) 31 March 2015

For the year ending 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Georgi Kiselov

3rd June 2015

Page 2

Northtronics Ltd

Notes to the Abbreviated Accounts

For The Year Ended 31 March 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Statement of Cash Flow

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Computer Equipment	25% Reducing balance

Tangible Assets


	Total
Cost	£
As at 1 April 2014	7,061
Additions	4,705

As at 31 March 2015	11,766

Depreciation
As at 1 April 2014	2,357
Provided during the period	2,352

As at 31 March 2015	4,709

Net Book Value
As at 31 March 2015	7,057

As at 1 April 2014	4,704

Debtors

Debtors include an amount of £ 17,500 (2014 - £ 17,000 ) falling due after more than one year.

Page 3

Northtronics Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2015

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	1	1	1

Page 4