Newtrim (UK) Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04221301 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

NEWTRIM (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N H Woodcock

Mrs S Woodcock

Ms C Ashford

N Woodcock

SECRETARY:

Ms C Ashford

REGISTERED OFFICE:

25 Manor Farm Road

Horspath

Oxford

Oxfordshire

OX33 1SD

REGISTERED NUMBER:

04221301 (England and Wales)

ACCOUNTANTS:

Aries Accountants Limited

Chartered Accountants

11 Boundary Business Park

Wheatley Road

Garsington

Oxford

OX44 9EJ

FIXED ASSETS

Intangible assets

2

30,480

35,230

Tangible assets

3

78,450

48,496

108,930

83,726

CURRENT ASSETS

Stocks

16,000

13,400

Debtors

315,354

232,796

Cash at bank and in hand

109,394

75,272

440,748

321,468

CREDITORS

Amounts falling due within one year

4

162,515

139,478

NET CURRENT ASSETS

278,233

181,990

TOTAL ASSETS LESS CURRENT LIABILITIES

387,163

265,716

CREDITORS

Amounts falling due after more than one year

4

11,777

17,094

NET ASSETS

375,386

248,622

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

374,386

247,622

SHAREHOLDERS' FUNDS

375,386

248,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 December 2015 and were signed on its behalf by:

N Woodcock - Director

Ms C Ashford - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Grant income

Grants received are recognised in the profit and loss account to the extent that the terms on which the funding was

made available have been met. Grant income is therefore matched against the costs to which the funding is

intended to contribute.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

95,000

AMORTISATION

At 1 April 2014

59,770

Amortisation for year

4,750

At 31 March 2015

64,520

NET BOOK VALUE

At 31 March 2015

30,480

At 31 March 2014

35,230

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

104,009

Additions

55,760

Disposals

(4,350

)

At 31 March 2015

155,419

DEPRECIATION

At 1 April 2014

55,513

Charge for year

25,706

Eliminated on disposal

(4,250

)

At 31 March 2015

76,969

NET BOOK VALUE

At 31 March 2015

78,450

At 31 March 2014

48,496

4.

CREDITORS

Creditors include an amount of £ 17,094 (31.3.14 - £ 22,030 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

500

Ordinary

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year an interest bearing loan was made to the company directors. The loan is interest bearing at

3.25% per annum and as at the balance sheet date the balance owed to the company by the directors was £73,776

(2014 - £55,071).