Abbreviated Company Accounts - NORSE HOMES LIMITED

Abbreviated Company Accounts - NORSE HOMES LIMITED

NORSE HOMES LIMITED - Company Information

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Registered Number 08280085

NORSE HOMES LIMITED

Abbreviated Accounts

30 November 2014

NORSE HOMES LIMITED Registered Number 08280085

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Current assets
Stocks 90,000 132,191
Debtors 30 30
90,030 132,221
Creditors: amounts falling due within one year (144,185) (133,415)
Net current assets (liabilities) (54,155) (1,194)
Total assets less current liabilities (54,155) (1,194)
Total net assets (liabilities) (54,155) (1,194)
Capital and reserves
Called up share capital 150 150
Profit and loss account (54,305) (1,344)
Shareholders' funds (54,155) (1,194)
  • For the year ending 30 November 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 26 August 2015

And signed on their behalf by:
SR Brandon, Director

NORSE HOMES LIMITED Registered Number 08280085

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Other accounting policies
Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, the validity of which depends on the continued support of the company's director and creditors.