Abbreviated Company Accounts - NEW HORIZON PROPERTY SERVICES LTD

NEW HORIZON PROPERTY SERVICES LTD - Company Information

Registered Number 06267890

NEW HORIZON PROPERTY SERVICES LTD

Abbreviated Accounts

31 March 2015

NEW HORIZON PROPERTY SERVICES LTD Registered Number 06267890

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		1,000	1,000
Fixed assets
Intangible assets		-	-
Tangible assets	2	10,973	11,146
		10,973	11,146
Current assets
Stocks		26,026	29,747
Debtors		3,000	2,057
Cash at bank and in hand		2,000	-
		31,026	31,804
Creditors: amounts falling due within one year		0	0
Net current assets (liabilities)		31,026	31,804
Total assets less current liabilities		42,999	43,950
Provisions for liabilities		(22,973)	(24,671)
Total net assets (liabilities)		20,026	19,279
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		19,026	18,279
Shareholders' funds		20,026	19,279

For the year ending 31 March 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 15 December 2015

And signed on their behalf by:
Steven Marley, Director

NEW HORIZON PROPERTY SERVICES LTD Registered Number 06267890

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks and works in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete or slow moving items. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Deferred taxation is provided in full.

2Tangible fixed assets

	£
Cost
At 1 April 2014	12,917
Additions	2,063
Disposals	(2,236)
Revaluations	-
Transfers	-
At 31 March 2015	12,744
Depreciation
At 1 April 2014	1,771
Charge for the year	-
On disposals	-
At 31 March 2015	1,771
Net book values
At 31 March 2015	10,973
At 31 March 2014	11,146