| NRG Training & Development Ltd. |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of NRG Training & Development Ltd. for the year ended 31 December 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of NRG Training & Development Ltd. for the year ended 31 December 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Alan Matthews FCMA, FCCA |
| Chartered Certified Accountants |
| Brambles |
| Marine Drive |
| Burnham on Sea |
| Somerset |
| 01278 784980 |
|
| 25 April 2016 |
|
| NRG Training & Development Ltd. |
| Registered number: |
06692549 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
6,500 |
|
|
8,500 |
| Tangible assets |
3 |
|
|
2,401 |
|
|
1 |
|
|
|
|
8,901 |
|
|
8,501 |
|
| Current assets |
| Debtors |
|
|
5,339 |
|
|
43,843 |
| Cash at bank and in hand |
|
|
76,309 |
|
|
19,191 |
|
|
|
81,648 |
|
|
63,034 |
|
| Creditors: amounts falling due within one year |
|
|
(15,956) |
|
|
(24,979) |
|
| Net current assets |
|
|
|
65,692 |
|
|
38,055 |
|
| Net assets |
|
|
|
74,113 |
|
|
46,556 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
74,013 |
|
|
46,456 |
|
| Shareholder's funds |
|
|
|
74,113 |
|
|
46,556 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| N A Dashfield |
| Director |
| Approved by the board on 25 April 2016 |
|
| NRG Training & Development Ltd. |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
20,000 |
|
At 31 December 2015 |
20,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2015 |
11,500 |
|
Provided during the year |
2,000 |
|
At 31 December 2015 |
13,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
6,500 |
|
At 31 December 2014 |
8,500 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
3,789 |
|
Additions |
3,000 |
|
At 31 December 2015 |
6,789 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
3,788 |
|
Charge for the year |
600 |
|
At 31 December 2015 |
4,388 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
2,401 |
|
At 31 December 2014 |
1 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
2015 |
|
2014 |
| £ |
£ |
|
N A Dashfield |
|
Director |
|
Interest free loan to the company with no specific repayment provisions. |
|
421 |
|
6,279 |
|
|
| 6 |
Ultimate controlling party |
|
|
The director control the company |
