Naythen James Designs Limited,Ltd - Accounts

NAYTHEN JAMES DESIGNS LIMITED - Company Information

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Naythen James Designs Limited

For the year ended 30 June 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 03787281

Contents Page

Naythen James Designs Limited

For the year ended 30 June 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Naythen James Designs Limited

As at 30 June 2015

03787281

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

2,221

Current assets

Debtors

3,168

2,880

Cash at bank and in hand

97,938

67,369

100,818

70,537

Creditors: amounts falling due within one year

(15,914)

(34,973)

54,623

65,845

Net current assets

Total assets less current liabilities

68,066

54,623

68,066

Net assets

54,623

Capital and reserves

Called up share capital

Profit and loss account

68,056

54,621

68,066

54,623

Shareholders funds

For the year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 05 August 2015

Mr Nainesh Patel Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Naythen James Designs Limited

For the year ended 30 June 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

15% Reducing balance

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

8,874

At 01 July 2014

2,613

Additions

At 30 June 2015

11,487

Depreciation

8,874

At 01 July 2014

392

Charge for year

9,266

At 30 June 2015

Net book values

At 30 June 2015

2,221

At 30 June 2014

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Notes to the Abbreviated Financial Statements

Naythen James Designs Limited

For the year ended 30 June 2015

3 Share capital

Allotted called up and fully paid

2015

2014

10 Ordinary shares shares of £1.00 each

8 Ordinary shares £1.00 shares have been issued during the year at par for a cash consideration of £8.

4 Loans to Directors

As at the 30th June 2015 the company had loans outstanding to the director, Mr N Patel of £9064 and Mrs S Patel of £2000. These loans are interest free and repayable on demand.

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