Abbreviated Company Accounts - NG SYSTEMS LIMITED

NG SYSTEMS LIMITED - Company Information

Registered Number 03475707

NG SYSTEMS LIMITED

Abbreviated Accounts

31 January 2015

NG SYSTEMS LIMITED Registered Number 03475707

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	161	256
		161	256
Current assets
Stocks		40,517	35,183
Debtors		54,361	64,858
Cash at bank and in hand		1	1
		94,879	100,042
Creditors: amounts falling due within one year		(37,701)	(35,448)
Net current assets (liabilities)		57,178	64,594
Total assets less current liabilities		57,339	64,850
Creditors: amounts falling due after more than one year		(6,925)	(13,872)
Total net assets (liabilities)		50,414	50,978
Capital and reserves
Called up share capital		100	100
Other reserves		49,900	49,900
Profit and loss account		414	978
Shareholders' funds		50,414	50,978

For the year ending 31 January 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 29 October 2015

And signed on their behalf by:
Mr Garsing Ning, Director

NG SYSTEMS LIMITED Registered Number 03475707

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Fixtures and fittings - 25% straight line basis

2Tangible fixed assets

	£
Cost
At 1 February 2014	23,006
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	23,006
Depreciation
At 1 February 2014	22,750
Charge for the year	95
On disposals	-
At 31 January 2015	22,845
Net book values
At 31 January 2015	161
At 31 January 2014	256