Nigel Holmes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01273596 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JANUARY 2015

FOR

NIGEL HOLMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N M Holmes

Mrs S Holmes

SECRETARY:

Mrs S Holmes

REGISTERED OFFICE:

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

REGISTERED NUMBER:

01273596 (England and Wales)

ACCOUNTANTS:

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

FIXED ASSETS

Tangible assets

2

2,031

2,480

CURRENT ASSETS

Stocks

69,105

75,265

Debtors

4,458

14,283

Cash at bank and in hand

98,459

39,487

172,022

129,035

CREDITORS

Amounts falling due within one year

97,239

78,443

NET CURRENT ASSETS

74,783

50,592

TOTAL ASSETS LESS CURRENT LIABILITIES

76,814

53,072

CAPITAL AND RESERVES

Called up share capital

3

5,003

5,003

Profit and loss account

71,811

48,069

SHAREHOLDERS' FUNDS

76,814

53,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 23rd September 2015 and were signed on its behalf by:

Mr N M Holmes - 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 net invoiced sales of goods attributable to the year, 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2014

and 31st January 2015

34,908

DEPRECIATION

At 1st February 2014

32,428

Charge for year

449

At 31st January 2015

32,877

NET BOOK VALUE

At 31st January 2015

2,031

At 31st January 2014

2,480

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/15

31/1/14

value:

£

£

5,003

Ordinary

£1

5,003

5,003