NESBITT_MAY_LIMITED - Accounts

GEMMA MAY LIMITED - Company Information

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Company Registration No. 06421451 (England and Wales)

NESBITT MAY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

NESBITT MAY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NESBITT MAY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

703

441

Current assets

Debtors

915

Cash at bank and in hand

20,878

56,313

21,793

56,313

Creditors: amounts falling due within one year

(21,868)

(51,114)

Net current (liabilities)/assets

(75)

5,199

Total assets less current liabilities

628

5,640

Provisions for liabilities

(97)

(35)

531

5,605

Capital and reserves

Called up share capital

Profit and loss account

529

5,603

Shareholders' funds

531

5,605

For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their 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 21 August 2015

Mr N Nesbitt

Mrs G Nesbitt

Director

Company Registration No. 06421451

NESBITT MAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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).

At the year ended 31 November 2014 the company made a loss. The directors believe that the company will, in future periods, be able to meet its day to day working capital requirements from cash generating operations.

Accordingly, the financial statements do not include any adjustment that would be required if the company was unable to continue as a going concern.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

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

25% of written down value

Fixtures, fittings & equipment

25% of written down value

Fixed assets

Tangible assets

Cost

At 1 December 2013

2,084

Additions

496

At 30 November 2014

2,580

Depreciation

At 1 December 2013

1,643

Charge for the year

234

At 30 November 2014

1,877

Net book value

At 30 November 2014

703

At 30 November 2013

441

NESBITT MAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 ordinary shares of £1 each

Ultimate parent company

The ultimate controlling party is Mr N Nesbitt and Mrs G Nesbitt, the directors and shareholders of the company.

Related party relationships and transactions

Other transactions

Included within other creditors at the year end is the balance on Norman Nesbitt's directors current account of £13,082 (2013: £23,236) and the balance on Gemma Nesbitt's current account of £7,119 (2013: £17,802).