NAPFIS Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05978342 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

NAPFIS Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Bryant

R J Adams

REGISTERED OFFICE:

Unit 12A Kingsley Close

Lee Mill Industrial Estate

Ivybridge

Devon

PL21 9LL

REGISTERED NUMBER:

05978342 (England and Wales)

ACCOUNTANTS:

Sheppards Accountants Limited

22 The Square

The Millfields

Plymouth

Devon

PL1 3JX

FIXED ASSETS

Tangible assets

2

453

240

CURRENT ASSETS

Debtors

830

2,953

Cash at bank

5,863

5,656

6,693

8,609

CREDITORS

Amounts falling due within one year

1,066

2,576

NET CURRENT ASSETS

5,627

6,033

TOTAL ASSETS LESS CURRENT LIABILITIES

6,080

6,273

CAPITAL AND RESERVES

Called up share capital

3

54

54

Profit and loss account

6,026

6,219

SHAREHOLDERS' FUNDS

6,080

6,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 August 2015 and were signed on its behalf by:

G Bryant - Director

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 the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

50% on cost

Computer equipment

-

33.3% Straight Line

Deferred tax

Deferred tax is provided in full in respect of all timing differences that have originated but not reversed by the

balance sheet date except for: revaluation gains and losses unless, by the balance sheet date, the company has

entered into a binding agreement to sell the asset and has revalued the asset to the selling price; and taxable gains

arising on revaluations or sales if it is more likely than not that the gain will be rolled over into a replacement

asset.

Deferred tax assets are recognised where it is considered more likely than not that future profits will be available

for offset.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

240

Additions

500

At 31 March 2015

740

DEPRECIATION

Charge for year

287

At 31 March 2015

287

NET BOOK VALUE

At 31 March 2015

453

At 31 March 2014

240

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

54

Ordinary

1

54

54