NoNonsense (Group) Ltd - Period Ending 2015-02-28

Registration number: 07537286

NoNonsense (Group) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

CRW Accountants Limited
The Mews
Queen Street
Colyton
Devon
EX24 6JU

NoNonsense (Group) Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
NoNonsense (Group) Ltd
for the Year Ended 28 February 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NoNonsense (Group) Ltd for the year ended 28 February 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of NoNonsense (Group) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of NoNonsense (Group) Ltd and state those matters that we have agreed to state to them, as a body in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NoNonsense (Group) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NoNonsense (Group) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NoNonsense (Group) Ltd. You consider that NoNonsense (Group) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of NoNonsense (Group) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

CRW Accountants Limited
The Mews
Queen Street
Colyton
Devon
EX24 6JU

Page 1

NoNonsense (Group) Ltd
(Registration number: 07537286)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					-			100,000
Tangible fixed assets					323,126			129,955
					323,126			229,955
Current assets
Debtors		3			108,368			39,857
Cash at bank and in hand					102,343			107,714
					210,711			147,571
Creditors: Amounts falling due within one year		4			(146,810)			(127,939)
Net current assets					63,901			19,632
Total assets less current liabilities					387,027			249,587
Creditors: Amounts falling due after more than one year		4			(130,026)			(70,025)
Net assets					257,001			179,562
Capital and reserves
Called up share capital		5			100			100
Profit and loss account					256,901			179,462
Shareholders' funds					257,001			179,562

For the year ending 28 February 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 30 November 2015 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

NoNonsense (Group) Ltd
(Registration number: 07537286)
Abbreviated Balance Sheet at 28 February 2015
......... continued

.........................................
Mr Stephen J Richards
Director

.........................................
Mrs Elizabeth J Madden
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

NoNonsense (Group) Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Motor vehicle	25% reducing balance
Plant and Machinery	From 2013/14 rates customised per Directors

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 March 2014		100,000			154,963			254,963
Additions		-			228,146			228,146
Disposals		(100,000)			-			(100,000)
At 28 February 2015		-			383,109			383,109
Depreciation
At 1 March 2014		-			25,008			25,008
Charge for the year		-			34,975			34,975
At 28 February 2015		-			59,983			59,983
Net book value
At 28 February 2015		-			323,126			323,126
At 28 February 2014		100,000			129,955			229,955

Page 4

NoNonsense (Group) Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

3

Debtors

Debtors includes £5,080 (2014 - £4,000) receivable after more than one year.

 

4

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years not by instalments		25,609			25,609
		25,609			25,609

5	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary 100 shares of £1 each		100			100			100			100

Page 5