NORTHERN_CONSTRUCTION_CHE - Accounts

NORTHERN CONSTRUCTION CHEMICALS (NORTH EAST) LIMITED - Company Information

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Company Registration No. 04151797 (England and Wales)

NORTHERN CONSTRUCTION CHEMICALS (NORTH EAST) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

NORTHERN CONSTRUCTION CHEMICALS (NORTH EAST) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NORTHERN CONSTRUCTION CHEMICALS (NORTH EAST) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,877

892

Current assets

Stocks

36,609

27,110

Debtors

86,894

95,038

Cash at bank and in hand

11,824

7,411

135,327

129,559

Creditors: amounts falling due within one year

(76,747)

(69,724)

Net current assets

58,580

59,835

Total assets less current liabilities

60,457

60,727

Provisions for liabilities

(375)

(178)

60,082

60,549

Capital and reserves

Called up share capital

10,200

Profit and loss account

49,882

50,349

Shareholders' funds

60,082

60,549

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 November 2015

A E Harvey

D C Mackay

Director

Company Registration No. 04151797

NORTHERN CONSTRUCTION CHEMICALS (NORTH EAST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Computer equipment

Motor vehicles

25% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

NORTHERN CONSTRUCTION CHEMICALS (NORTH EAST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2014

10,950

Additions

1,808

At 31 August 2015

12,758

Depreciation

At 1 September 2014

10,058

Charge for the year

823

At 31 August 2015

10,881

Net book value

At 31 August 2015

1,877

At 31 August 2014

892

Share capital

2015

2014

Allotted, called up and fully paid

10,000 Ordinary shares of £1 each

10,000

102 'A' Shares of £1 each

102

98 'B' Shares of £1 each

10,200