Norland Technology Limited - Limited company - abbreviated - 11.0.0
Norland Technology Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| FOR |
| NORLAND TECHNOLOGY LIMITED |
| NORLAND TECHNOLOGY LIMITED (REGISTERED NUMBER: 06699620) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| NORLAND TECHNOLOGY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| NORLAND TECHNOLOGY LIMITED (REGISTERED NUMBER: 06699620) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2013 |
| 2013 | 2012 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| NORLAND TECHNOLOGY LIMITED (REGISTERED NUMBER: 06699620) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 DECEMBER 2013 |
| The financial statements were approved by the Board of Directors on behalf by: |
| NORLAND TECHNOLOGY LIMITED (REGISTERED NUMBER: 06699620) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax, except in respect of |
| service contracts where turnover is recognised when the company obtains the right to consideration. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences, except tax losses, that have originated |
| but not reversed at the balance sheet date. As at the balance sheet date, the company had a potential |
| deferred tax asset of £58,474 (2012 - £51,838), due to losses carried forward, which is not recognised |
| in the balance sheet. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Share based payments |
| The company operates an EMI share option scheme. |
| Equity-settled share-based payment arrangements are accounted for by the company by way of |
| disclosure in the notes to the accounts. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| Additions |
| At 31 December 2013 |
| DEPRECIATION |
| At 1 January 2013 |
| Charge for year |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| NORLAND TECHNOLOGY LIMITED (REGISTERED NUMBER: 06699620) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2013 |
| 3. | CALLED UP SHARE CAPITAL |
Share Type |
Nominal Value |
No of share allotted, issued and fully paid |
Aggregate nominal value of shares allotted |
| "A" Ordinary | £0.01 | 107111 | £1071 |
| "B" Ordinary | £0.01 | 44987 | £450 |
| Preferred Ordinary | £0.01 | 28758 | £288 |
| £22 of the above consideration with respect to "A" Ordinary shares remains outstanding as at the |
| balance sheet date. |