Net Cabling Systems Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08057179 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Net Cabling Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Walden

SECRETARY:

Mrs T J Walden

REGISTERED OFFICE:

Unit 8

Brympton Way

Yeovil

Somerset

BA20 2HP

REGISTERED NUMBER:

08057179 (England and Wales)

ACCOUNTANTS:

Ivan Rendall & Co

Torre Lea House

33 The Avenue

Yeovil

Somerset

BA21 4BN

FIXED ASSETS

Tangible assets

2

5,042

6,722

CURRENT ASSETS

Stocks

51,437

34,692

Debtors

212,379

220,247

Cash at bank

4,290

2,713

268,106

257,652

CREDITORS

Amounts falling due within one year

203,796

205,013

NET CURRENT ASSETS

64,310

52,639

TOTAL ASSETS LESS CURRENT
LIABILITIES

69,352

59,361

PROVISIONS FOR LIABILITIES

-

240

NET ASSETS

69,352

59,121

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

69,350

59,119

SHAREHOLDERS' FUNDS

69,352

59,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 May 2016 and were signed by:

C Walden - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

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 machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

8,129

DEPRECIATION

At 1 September 2014

1,407

Charge for year

1,680

At 31 August 2015

3,087

NET BOOK VALUE

At 31 August 2015

5,042

At 31 August 2014

6,722

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1

2