NES Projects Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07473969 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

NES PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N E Small

REGISTERED OFFICE:

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

REGISTERED NUMBER:

07473969 (England and Wales)

ACCOUNTANTS:

John Williams and Co

Chartered Accountants

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

FIXED ASSETS

Tangible assets

2

467

1,266

CURRENT ASSETS

Stocks

6,010

5,304

Debtors

17,045

14,370

Cash at bank

6,971

23,670

30,026

43,344

CREDITORS

Amounts falling due within one year

23,162

38,559

NET CURRENT ASSETS

6,864

4,785

TOTAL ASSETS LESS CURRENT LIABILITIES

7,331

6,051

PROVISIONS FOR LIABILITIES

283

253

NET ASSETS

7,048

5,798

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

7,046

5,796

SHAREHOLDERS' FUNDS

7,048

5,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 September 2015 and were signed by:

N E Small - 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 net sales of services, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

3,000

Additions

550

Disposals

(3,000

)

At 31 December 2014

550

DEPRECIATION

At 1 January 2014

1,734

Charge for year

83

Eliminated on disposal

(1,734

)

At 31 December 2014

83

NET BOOK VALUE

At 31 December 2014

467

At 31 December 2013

1,266

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2