N & N Autoworld Limited - Limited company - abbreviated - 11.9

N & N Autoworld Limited - Limited company - abbreviated - 11.9

N & N AUTOWORLD LIMITED - Company Information

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REGISTERED NUMBER: 05902593










N & N Autoworld Limited

Abbreviated Accounts

for the Year Ended 30th November 2015






N & N Autoworld Limited (Registered number: 05902593)






Contents of the Abbreviated Accounts
for the Year Ended 30th November 2015




Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

N & N Autoworld Limited (Registered number: 05902593)

Abbreviated Balance Sheet
30th November 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 115,500 126,000
Tangible assets 3 21,538 15,167
137,038 141,167

CURRENT ASSETS
Stocks 830 1,020
Debtors 4,910 6,661
Cash at bank and in hand 342,069 396,254
347,809 403,935
CREDITORS
Amounts falling due within one year 71,147 134,445
NET CURRENT ASSETS 276,662 269,490
TOTAL ASSETS LESS CURRENT
LIABILITIES
413,700
410,657

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 413,600 410,557
SHAREHOLDERS' FUNDS 413,700 410,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2015 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 profit or loss 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 notes form part of these abbreviated accounts

Page 1
N & N Autoworld Limited (Registered number: 05902593)

Abbreviated Balance Sheet - continued
30th November 2015


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 9th March 2016 and were signed on its
behalf by:




N R Thompson - Director



N V Thompson - Director


The notes form part of these abbreviated accounts

Page 2
N & N Autoworld Limited (Registered number: 05902593)

Notes to the Abbreviated Accounts
for the Year Ended 30th November 2015

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 and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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 equipment - 15% on reducing balance
Fixtures, fittings and office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st December 2014
and 30th November 2015 210,000
AMORTISATION
At 1st December 2014 84,000
Amortisation for year 10,500
At 30th November 2015 94,500
NET BOOK VALUE

At 30th November 2015 115,500
At 30th November 2014 126,000

Page 3
N & N Autoworld Limited (Registered number: 05902593)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30th November 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st December 2014 35,279
Additions 11,140
At 30th November 2015 46,419
DEPRECIATION
At 1st December 2014 20,112
Charge for year 4,769
At 30th November 2015 24,881
NET BOOK VALUE
At 30th November 2015 21,538
At 30th November 2014 15,167

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary shares £1 100 100

Allotted and issued:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary B shares £1 - -
100 Ordinary C shares £1 - -
- -

Page 4