NETS-BUILD LIMITED Accounts filed on 31-03-2015
NETS-BUILD LIMITED Accounts filed on 31-03-2015
NETS-BUILD LIMITED
Company Registration Number:
05596747 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st April 2014
End date: 31st March 2015
SUBMITTED
NETS-BUILD LIMITED
Company Information
for the Period Ended
31st March 2015
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NETS-BUILD LIMITED
Abbreviated Balance sheet
As at 31st March 2015
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2014 £ |
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Fixed assets | |||
Tangible assets: | 8 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 9 |
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Cash at bank and in hand: | - |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 10 |
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Net current assets (liabilities): | ( |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
NETS-BUILD LIMITED
Abbreviated Balance sheet
As at 31st March 2015
continued
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2014 £ |
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Capital and reserves | |||
Called up share capital: | 11 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Darrell Martin Hartley
Status: Director
The notes form part of these financial statements
NETS-BUILD LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention (modified to include the revaluation of land and buildings) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Turnover policy
Turnover represents amounts invoiced, excluding value added tax, in respect of the sale of goods (and services) to customers. Tangible fixed 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. Plant and Machinery - 5% on cost, Motor Vehicles - 25% on cost, Office Equipment - 25% on cost. Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line 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 work-in-progress (except long-term contract balances) are stated at the lower of cost and net realisable value. Cost is calculated using the first-in-first-out method and consists of material and direct labour costs, together with an appropriate proportion of production overheads. Other accounting policies
Leases Accounting by lessees Finance leases Assets held under finance leases and the related lease obligations are included at the fair value of the leased assets at the inception of the lease. Depreciation on leased assets is calculated to write off this amount on a straight-line basis over the shorter of the lease term and the useful life of the asset. Rentals payable are apportioned between the finance charge and a reduction of the outstanding obligation for future amounts payable so that the charge for each accounting period is a constant percentage of the remaining balance of the capital sum outstanding. Operating leases Rentals payable under operating leases are charged on a straight-line basis over the term of the lease.
NETS-BUILD LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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8. Tangible assets
Total Cost £ At 01st April 2014: 6,669 At 31st March 2015: 6,669 Depreciation At 01st April 2014: 4,955 Charge for year: 228 At 31st March 2015: 5,183 Net book value At 31st March 2015: 1,486 At 31st March 2014: 1,714
NETS-BUILD LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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9. Debtors
2015
£2014
£Trade debtors: - 900 Other debtors: 7,296 3,462 Total: 7,296 4,362
NETS-BUILD LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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10. Creditors: amounts falling due within one year
2015
£2014
£Bank loans and overdrafts: 3,305 - Trade creditors: - 26 Taxation and social security: 3,925 4,804 Other creditors: 1,238 1,633 Total: 8,468 6,463
NETS-BUILD LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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13. Related party disclosures
Name of related party: Darrell Martin Hartley Relationship: Shareholder and Director Description of the transaction: Loan Balance at 01st April 2014 3,462 Balance at 31st March 2015 7,296