NG & JK Ind Ltd - Limited company - abbreviated - 11.6

NG & JK Ind Ltd - Limited company - abbreviated - 11.6

IND PLUMBING & HEATING LIMITED - Company Information

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REGISTERED NUMBER: 04666025 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

NG & JK IND LTD

NG & JK IND LTD (REGISTERED NUMBER: 04666025)






Contents of the Abbreviated Accounts
for the year ended 28 February 2015




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

NG & JK IND LTD

Company Information
for the year ended 28 February 2015







DIRECTORS: N G Ind
J K Ind





SECRETARY: J K Ind





REGISTERED OFFICE: Alderton 4 Priory Park
Priory Industrial Estate
London Road
Tetbury
Gloucestershire
GL8 8HW





REGISTERED NUMBER: 04666025 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
NG & JK Ind Ltd

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of NG & JK Ind Ltd for the year ended 28 February 2015
which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement, the
Statement of Total Recognised Gains and Losses and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of NG & JK Ind Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NG & JK Ind Ltd and state those matters that we have agreed to state to the Board of Directors of NG & JK Ind Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NG & JK Ind Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NG & JK Ind Ltd. You consider that NG & JK Ind Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NG &
JK Ind Ltd. For this reason, we have not verified the accuracy or completeness of the accounting
records or information and explanations you have given to us and we do not, therefore, express
any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


15 September 2015

This page does not form part of the abbreviated accounts

Page 2
NG & JK IND LTD (REGISTERED NUMBER: 04666025)

Abbreviated Balance Sheet
28 February 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 39,736 37,809
39,736 37,809

CURRENT ASSETS
Stocks and work in progress 5,500 5,500
Debtors 62,938 81,511
68,438 87,011
CREDITORS
Amounts falling due within one year 90,570 78,150
NET CURRENT (LIABILITIES)/ASSETS (22,132 ) 8,861
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,604
46,670

CREDITORS
Amounts falling due after more than
one year
6,679
24,304
NET ASSETS 10,925 22,366

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 10,923 22,364
SHAREHOLDERS' FUNDS 10,925 22,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 notes form part of these abbreviated accounts

Page 3 continued...
NG & JK IND LTD (REGISTERED NUMBER: 04666025)

Abbreviated Balance Sheet - continued
28 February 2015


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 6 September 2015 and were
signed on its behalf by:





J K Ind - Director


The notes form part of these abbreviated accounts

Page 4
NG & JK IND LTD (REGISTERED NUMBER: 04666025)

Notes to the Abbreviated Accounts
for the year ended 28 February 2015

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 sales of goods and services, excluding value added tax. Turnover
is recognised when the goods are dispatched or services are completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004,
has been fully amortised over its useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 20% on reducing balance
Commercial vehicles - 25% on reducing balance
Plant and machinery - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after
making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the
balance sheet. Those held under hire purchase contracts are depreciated over their
estimated useful lives. Those held under finance leases are depreciated over their
estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the
relevant period. The capital element of the future payments is treated as a liability.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014
and 28 February 2015 80,000
AMORTISATION
At 1 March 2014
and 28 February 2015 80,000
NET BOOK VALUE

At 28 February 2015 -
At 28 February 2014 -

Page 5 continued...
NG & JK IND LTD (REGISTERED NUMBER: 04666025)

Notes to the Abbreviated Accounts - continued
for the year ended 28 February 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014 92,885
Additions 14,601
At 28 February 2015 107,486
DEPRECIATION
At 1 March 2014 55,076
Charge for year 12,674
At 28 February 2015 67,750
NET BOOK VALUE
At 28 February 2015 39,736
At 28 February 2014 37,809

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
28 February 2015 and 28 February 2014:

2015 2014
£    £   
N G Ind and J K Ind
Balance outstanding at start of year 30,245 486
Amounts advanced 33,732 48,259
Amounts repaid (45,500 ) (18,500 )
Balance outstanding at end of year 18,477 30,245

Page 6