| Nexbridge Communications Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Nexbridge Communications Ltd for the year ended 31 May 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Nexbridge Communications Ltd for the year ended 31 May 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Armstrong Rose Limited |
| Chartered Accoutants |
| 77 West Drive |
| Cleadon |
| Sunderland |
| Tyne & Wear |
| SR6 7SL |
|
| 28 January 2016 |
|
| Nexbridge Communications Ltd |
| Registered number: |
07179973 |
| Abbreviated Balance Sheet |
| as at 31 May 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
13,393 |
|
|
16,697 |
|
| Current assets |
| Debtors |
|
|
130,162 |
|
|
77,345 |
| Cash at bank and in hand |
|
|
146,526 |
|
|
64,069 |
|
|
|
276,688 |
|
|
141,414 |
|
| Creditors: amounts falling due within one year |
|
|
(807,107) |
|
|
(779,071) |
|
| Net current liabilities |
|
|
|
(530,419) |
|
|
(637,657) |
|
| Net liabilities |
|
|
|
(517,026) |
|
|
(620,960) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1,355 |
|
|
1,355 |
| Share premium |
|
|
|
1,342 |
|
|
1,342 |
| Profit and loss account |
|
|
|
(519,723) |
|
|
(623,657) |
|
| Shareholders' funds |
|
|
|
(517,026) |
|
|
(620,960) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| GD Callaghan |
| Director |
| Approved by the board on 28 January 2016 |
|
| Nexbridge Communications Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
Over expected useful lives |
|
Motor vehicles |
25% straight line |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2014 |
72,429 |
|
Additions |
11,698 |
|
At 31 May 2015 |
84,127 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2014 |
55,732 |
|
Charge for the year |
15,002 |
|
At 31 May 2015 |
70,734 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2015 |
13,393 |
|
At 31 May 2014 |
16,697 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,355 |
|
1,355 |
|
1,355 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
GD Callaghan |
|
Unsecured loan |
135,253 |
|
2,280 |
|
- |
|
137,533 |
|
|
KM James |
|
Unsecured loan |
237,840 |
|
12,000 |
|
(28,880) |
|
220,960 |
|
|
E Noguera |
|
Unsecured loan |
256,250 |
|
12,000 |
|
(35,602) |
|
232,648 |
|
|
|
629,343 |
|
26,280 |
|
(64,482) |
|
591,141 |
|
|
|
|
|
|
|
|
|
