N3 Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05823391 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

N3 Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr N Watkinson

SECRETARY:

Mrs A Watkinson

REGISTERED OFFICE:

South Preston Office Village

4B Cuerden Way

Bamber Bridge

Preston

Lancashire

PR5 6BL

REGISTERED NUMBER:

05823391 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

South Preston Office Village

4B Cuerden Way

Bamber Bridge

Preston

Lancashire

PR5 6BL

FIXED ASSETS

Tangible assets

2

4,031

5,194

CURRENT ASSETS

Stocks

4,766

4,407

Debtors

1,763

2,036

Cash in hand

11

27

6,540

6,470

CREDITORS

Amounts falling due within one year

20,485

18,691

NET CURRENT LIABILITIES

(13,945

)

(12,221

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,914

)

(7,027

)

CREDITORS

Amounts falling due after more than one year

540

3,782

NET LIABILITIES

(10,454

)

(10,809

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(10,456

)

(10,811

)

SHAREHOLDERS' FUNDS

(10,454

)

(10,809

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 15 October 2015 and were signed by:

Mr N Watkinson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company.

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, 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

Motor vehicles

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

14,021

DEPRECIATION

At 1 June 2014

8,827

Charge for year

1,163

At 31 May 2015

9,990

NET BOOK VALUE

At 31 May 2015

4,031

At 31 May 2014

5,194

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

2

Ordinary

£1

2

2

4.	GOING CONCERN