Abbreviated Company Accounts - NO MEAN CITY LIMITED
Abbreviated Company Accounts - NO MEAN CITY LIMITED
Registered Number NI049199
NO MEAN CITY LIMITED
Abbreviated Accounts
31 March 2015
NO MEAN CITY LIMITED Registered Number NI049199
Abbreviated Balance Sheet as at 31 March 2015
| Notes | 31/03/2015 | 31/01/2014 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Investments | 2 |
|
|
|
|
|||
| Current assets | |||
| Debtors |
|
|
|
| Cash at bank and in hand |
|
|
|
|
|
|
||
| Creditors: amounts falling due within one year |
( |
( |
|
| Net current assets (liabilities) |
|
|
|
| Total assets less current liabilities |
|
|
|
| Total net assets (liabilities) |
|
|
|
| Capital and reserves | |||
| Called up share capital | 3 |
|
|
| Profit and loss account |
|
|
|
| Shareholders' funds |
|
|
|
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
And signed on their behalf by:
NO MEAN CITY LIMITED Registered Number NI049199
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
The company has availed of the exemption in FRS 1 from the requirement to produce a cash flow statement because it is classed as a small company.
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. Transactions, during the year, which are denominated in foreign currencies are translated at the rates of exchange ruling at the date of the transaction. The resulting exchange differences are dealt with in the profit and loss account.
2Fixed assets Investments
The balance as at the 31 March 2015 for Investments costs is £89,357, during the year there were no additions or disposals giving a Net Book Value of £89,357 as at the 31 March 2015.