Natural Enterprise Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03303358 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

NATURAL ENTERPRISE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

M G Barton

G R Biss

Ms L A Clarke

B Friend

Mrs J A Griffin

D W Jaggar

S Porter

D R S Russell

SECRETARY:

G R Biss

REGISTERED OFFICE:

Northwood House

Ward Avenue

Cowes

Isle of Wight

PO31 8AZ

REGISTERED NUMBER:

03303358 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

BANKERS:

National Westminster Bank Plc

PO Box 25

Newport

Isle of Wight

PO30 5WA

FIXED ASSETS

Tangible assets

2

36,860

48,208

CURRENT ASSETS

Debtors

140,789

161,831

Cash at bank

268,989

217,002

409,778

378,833

CREDITORS

Amounts falling due within one year

233,774

247,278

NET CURRENT ASSETS

176,004

131,555

TOTAL ASSETS LESS CURRENT LIABILITIES

212,864

179,763

CREDITORS

Amounts falling due after more than one year

54,058

26,112

NET ASSETS

158,806

153,651

RESERVES

Income and expenditure account

158,806

153,651

158,806

153,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 surplus or deficit 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 11 September 2014 and were signed on its behalf by:

B Friend - Director

G R Biss - 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.

Turnover includes government grants and revenue generated excluding Value Added Tax. In

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), grants

made by reference to specified categories of revenue expenditure have been credited to revenue in the

same year in which the revenue expenditure to which they relate is charged.

Grants in respect of capital expenditure are deferred, and released to the profit and loss account over

the useful economic life of the assets purchased, in accordance with the Financial Reporting Standard

for Smaller Entities (effective April 2008).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

95,847

Additions

9,457

At 31 March 2014

105,304

DEPRECIATION

At 1 April 2013

47,639

Charge for year

20,805

At 31 March 2014

68,444

NET BOOK VALUE

At 31 March 2014

36,860

At 31 March 2013

48,208

3.	ULTIMATE PARENT COMPANY