N & P DIY Products Limited - Abbreviated accounts

Registered number

07623689

N & P DIY Products Limited

Abbreviated Accounts

31 May 2015

N & P DIY Products Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of N & P DIY Products Limited 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 N & P DIY Products Limited 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.

Bunting & Co
Chartered Accountants
50 Orchard Close
Wheatley
Oxford
OX33 1US

25 February 2016

N & P DIY Products Limited
Registered number:		07623689
Abbreviated Balance Sheet
as at 31 May 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		4,000			5,334

Current assets
Stocks		21,429			24,587
Cash at bank and in hand		1,561			2,402
		22,990			26,989

Creditors: amounts falling due within one year		(1,205)			(1,178)

Net current assets			21,785			25,811

Total assets less current liabilities			25,785			31,145

Creditors: amounts falling due after more than one year			(16,818)			(16,818)



Net assets			8,967			14,327

Capital and reserves
Called up share capital	3		40,100			40,100
Profit and loss account			(31,133)			(25,773)

Shareholders' funds			8,967			14,327

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.
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.



Mr M A Bishop
Director
Approved by the board on 25 February 2016

N & P DIY Products Limited
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 April 2008).

	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			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 1 June 2014					10,345
	At 31 May 2015					10,345

	Depreciation
	At 1 June 2014					5,011
	Charge for the year					1,334
	At 31 May 2015					6,345

	Net book value
	At 31 May 2015					4,000
	At 31 May 2014					5,334


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		167		40,100		40,100