NMC (Norfolk) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07892834

Abbreviated Unaudited Accounts For The Year Ended 31 December 2013

for

NMC (Norfolk) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G Fox

Mrs M Fox

REGISTERED OFFICE:

Bluebell Farm

Spa Common

North Walsham

Norfolk

NR28 9AJ

REGISTERED NUMBER:

07892834

ACCOUNTANTS:

Aston Shaw

7 Church Plain

Great Yarmouth

Norfolk

NR30 1PL

FIXED ASSETS

Tangible assets

2

7,777

8,775

CURRENT ASSETS

Stocks

518

-

Debtors

9,656

11,150

Cash at bank

12,966

5,973

23,140

17,123

CREDITORS

Amounts falling due within one year

29,069

23,871

NET CURRENT LIABILITIES

(5,929

)

(6,748

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,848

2,027

PROVISIONS FOR LIABILITIES

1,555

1,755

NET ASSETS

293

272

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

193

172

SHAREHOLDERS' FUNDS

293

272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 26 September 2014 and were signed on its behalf by:

Mr G Fox - Director

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, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles

25%

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

Going concern

These financial statements have been prepared using the going concern basis. The Directors consider this basis to be

appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

10,250

Additions

2,647

At 31 December 2013

12,897

DEPRECIATION

At 1 January 2013

1,475

Charge for year

3,645

At 31 December 2013

5,120

NET BOOK VALUE

At 31 December 2013

7,777

At 31 December 2012

8,775

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/13

31/12/12

value:

£

£

100

Ordinary

£1.00

100

100