North London Accounting Solutions Limited - Period Ending 2015-08-31

Registration number: 04280984

North London Accounting Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Paul Winston Limited
Chartered Accountants
23 Alleyn Place
Westcliff-On-Sea
Essex
SS0 8AT

North London Accounting Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

North London Accounting Solutions Limited
(Registration number: 04280984)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					28			37
Current assets
Debtors					2,886			945
Cash at bank and in hand					485			311
					3,371			1,256
Creditors: Amounts falling due within one year					(2,671)			(836)
Net current assets					700			420
Net assets					728			457
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					726			455
Shareholders' funds					728			457

For the year ending 31 August 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 director acknowledges her 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 .

Approved by the director on 28 May 2016

.........................................
Tracy McLaughlin
Director

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

North London Accounting Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, 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 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:

Asset class	Depreciation method and rate
Office equipment	25% net book value

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 2

North London Accounting Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		879			879
At 31 August 2015		879			879
Depreciation
At 1 September 2014		842			842
Charge for the year		9			9
At 31 August 2015		851			851
Net book value
At 31 August 2015		28			28
At 31 August 2014		37			37

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 3