NDL OLE Limited - Period Ending 2015-11-30

Registration number: 08762051

NDL OLE Limited
 
  Abbreviated Accounts
 
  for the Year Ended 30 November 2015
 

NDL OLE Limited
Abbreviated Balance Sheet at 30 November 2015

		Note			30 November 2015 £			30 November 2014 £
Fixed assets
Tangible fixed assets					1,655			-
Current assets
Debtors					7,645			12,060
Cash at bank and in hand					13,204			18,114
					20,849			30,174
Creditors: Amounts falling due within one year					(21,619)			(21,188)
Net current (liabilities)/assets					(770)			8,986
Net assets					885			8,986
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					883			8,984
Shareholders' funds					885			8,986

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

These accounts were approved by the directors and authorised for issue on 7 April 2016 and are signed on their behalf by:

.........................................
 N. Lomakin
 Director
 Company Registration Number: 08762051

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

NDL OLE Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015

1	Accounting policies

Basis of preparation

The full accounts, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office Equipment	3 years straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		2,483			2,483
At 30 November 2015		2,483			2,483
Depreciation
Charge for the year		828			828
At 30 November 2015		828			828
Net book value
At 30 November 2015		1,655			1,655

Page 2

NDL OLE Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015

3	Share capital

Allotted, called up and fully paid shares

	30 November 2015						30 November 2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3