NORVAL_ENTERPRISES_LIMITE - Accounts

NORVAL ENTERPRISES LIMITED - Company Information

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Company Registration No. 07045296 (England and Wales)

NORVAL ENTERPRISES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

NORVAL ENTERPRISES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

NORVAL ENTERPRISES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

187

Current assets

Cash at bank and in hand

111

Creditors: amounts falling due within one year

(750)

(833)

Net current liabilities

(639)

(802)

Total assets less current liabilities

(639)

(615)

Creditors: amounts falling due after more than one year

(84,520)

(70,790)

(85,159)

(71,405)

Capital and reserves

Called up share capital

100

Profit and loss account

(85,259)

(71,505)

Shareholder's funds

(85,159)

(71,405)

For the financial year ended 31 October 2014 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 of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 July 2015

Mr R W Thorburn

Director

Company Registration No. 07045296

NORVAL ENTERPRISES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

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

The accounts have been prepared on the going concern basis due to the continuing support of the director who has agreed not to demand repayment of his director's loan for at least 12 months from the date of signing off these accounts.

1.2

Turnover

Turnover represents amounts receivable for services and commission net of VAT and trade discounts.

1.3

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

Fixed assets

Tangible assets

Cost

At 1 November 2013 & at 31 October 2014

1,355

Depreciation

At 1 November 2013

1,168

Charge for the year

187

At 31 October 2014

1,355

Net book value

At 31 October 2014

At 31 October 2013

187

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100