Abbreviated Company Accounts - NETSAT AERIALS LIMITED

Abbreviated Company Accounts - NETSAT AERIALS LIMITED

NETSAT AERIALS LIMITED - Company Information

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Registered Number 05761858

NETSAT AERIALS LIMITED

Abbreviated Accounts

31 March 2015

NETSAT AERIALS LIMITED Registered Number 05761858

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 63,719 70,799
Tangible assets 3 2,013 2,703
65,732 73,502
Current assets
Stocks 1,872 2,153
Debtors 4,755 8,407
Cash at bank and in hand 82,046 79,826
88,673 90,386
Creditors: amounts falling due within one year (153,902) (137,405)
Net current assets (liabilities) (65,229) (47,019)
Total assets less current liabilities 503 26,483
Creditors: amounts falling due after more than one year (274) (3,578)
Total net assets (liabilities) 229 22,905
Capital and reserves
Called up share capital 100 100
Profit and loss account 129 22,805
Shareholders' funds 229 22,905
  • For the year ending 31 March 2015 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 21 August 2015

And signed on their behalf by:
G Dawson, Director

NETSAT AERIALS LIMITED Registered Number 05761858

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

Turnover policy
Turnover represents amounts receivable for goods and services exclusive of VAT

2Intangible fixed assets
£
Cost
At 1 April 2014 70,799
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 70,799
Amortisation
At 1 April 2014 -
Charge for the year 7,080
On disposals -
At 31 March 2015 7,080
Net book values
At 31 March 2015 63,719
At 31 March 2014 70,799

Acquired goodwill is amortised over its remaining estimated economic life

3Tangible fixed assets
£
Cost
At 1 April 2014 8,655
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 8,655
Depreciation
At 1 April 2014 5,952
Charge for the year 690
On disposals -
At 31 March 2015 6,642
Net book values
At 31 March 2015 2,013
At 31 March 2014 2,703

Tangible fixed assets are depreciated at 25% reducing balance