Company Registration No. 04653068 (England and Wales)
NICOLA MORGAN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
NICOLA MORGAN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NICOLA MORGAN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,471
3,053
Current assets
Stocks
400
400
Cash at bank and in hand
5,395
7,554
5,795
7,954
Creditors: amounts falling due within one year
(6,870)
(10,068)
Net current liabilities
(1,075)
(2,114)
Total assets less current liabilities
1,396
939
Provisions for liabilities
(494)
(434)
902
505
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
892
495
Shareholders' funds
902
505
For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 March 2016
Mrs N Morgan
Director
Company Registration No. 04653068
NICOLA MORGAN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
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 January 2015).
1.2
Turnover
Turnover represents net invoiced sales of goods and services (excluding VAT).
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
20% Reducing Balance
Fixtures, fittings & equipment
10% Straight Line
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2015 & at 31 January 2016
8,615
Depreciation
At 1 February 2015
5,562
Charge for the year
582
At 31 January 2016
6,144
Net book value
At 31 January 2016
2,471
At 31 January 2015
3,053
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10
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