Northern Lights Management Ltd
Northern Lights Management Ltd
Registered number: 06155229
Abbreviated accounts
For The Year Ended 31 March 2015
FMTV Accounting Ltd
Chartered Accountants
23 Cameo House
11 Bear Street
London
WC2H 7AS
Northern Lights Management Ltd
Company No. 06155229
Abbreviated Balance Sheet
31 March 2015
Abbreviated Balance Sheet
| 2015 | 2014 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 273 | 333 | ||||
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Northern Lights Management Ltd
Company No. 06155229
Abbreviated Balance Sheet (continued)
31 March 2015
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated 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).
On behalf of the board
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Northern Lights Management Ltd
Notes to the Abbreviated Accounts
For The Year Ended 31 March 2015
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and Machinery (office equipment) - 100% in the year of acquisition and 18% of any residual Net Book Value
| Plant & Machinery |
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Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Debtors
Debtors include an amount of £
1,600
(2014 - £
-
)
falling due after more than one year.
Page 3
Northern Lights Management Ltd
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2015
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