NORTHERN_RENEWABLE_GREEN_ - Accounts

NORTHERN RENEWABLE GREEN SYSTEMS LTD - Company Information

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Company Registration No. 07956801 (England and Wales)

NORTHERN RENEWABLE GREEN SYSTEMS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

NORTHERN RENEWABLE GREEN SYSTEMS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

NORTHERN RENEWABLE GREEN SYSTEMS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

794

1,059

Current assets

Debtors

6,364

1,746

Cash at bank and in hand

3,276

5,490

9,640

7,236

Creditors: amounts falling due within one year

(8,493)

(5,093)

Net current assets

1,147

2,143

Total assets less current liabilities

1,941

3,202

Provisions for liabilities

(159)

(212)

1,782

2,990

Capital and reserves

Called up share capital

Profit and loss account

1,781

2,989

Shareholders' funds

1,782

2,990

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 July 2014

Mr Robert Bartlett

Mr Colin Black

Director

Company Registration No. 07956801

NORTHERN RENEWABLE GREEN SYSTEMS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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 less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

1.4

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. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

1,412

Depreciation

At 1 April 2013

353

Charge for the period

265

At 31 March 2014

618

Net book value

At 31 March 2014

794

At 31 March 2013

1,059

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of 1p each