Natural Energy Sources Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07308341 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

NATURAL ENERGY SOURCES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A R Edwards

D McMahon

A Adam

REGISTERED OFFICE:

Unit 11 Carrock Road

Croft Business Park

Bromborough

Wirral

CH62 3RA

REGISTERED NUMBER:

07308341 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

Chartered Accountants

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Tangible assets

2

3,472

7,352

CURRENT ASSETS

Stocks

2,000

7,831

Debtors

14,817

3,658

Prepayments and accrued income

3,152

4,225

Cash at bank

55,986

37,036

75,955

52,750

CREDITORS

Amounts falling due within one year

78,666

68,763

NET CURRENT LIABILITIES

(2,711

)

(16,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

761

(8,661

)

CAPITAL AND RESERVES

Called up share capital

3

143

143

Share premium

9,847

9,847

Profit and loss account

(9,229

)

(18,651

)

SHAREHOLDERS' FUNDS

761

(8,661

)

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 29 September 2014 and were signed on its behalf by:

A R Edwards - 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 the value of goods supplied and services provided during the year, exclusive

of 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.

Plant and machinery etc

-

33% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

15,693

Additions

843

Disposals

(7,281

)

At 31 December 2013

9,255

DEPRECIATION

At 1 January 2013

8,341

Charge for year

2,173

Eliminated on disposal

(4,731

)

At 31 December 2013

5,783

NET BOOK VALUE

At 31 December 2013

3,472

At 31 December 2012

7,352

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

143

Ordinary

£1

143

143