NORTHERN_RENEWABLE_GREEN_ - Accounts

NORTHERN RENEWABLE GREEN SYSTEMS LTD - Company Information

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Company Registration No. 07956801 (England and Wales)

NORTHERN RENEWABLE GREEN SYSTEMS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

NORTHERN RENEWABLE GREEN SYSTEMS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

NORTHERN RENEWABLE GREEN SYSTEMS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

832

Current assets

Stocks

3,929

Debtors

1,825

Cash at bank and in hand

4,948

2,562

5,022

8,316

Creditors: amounts falling due within one year

(4,635)

(8,266)

Net current assets

387

Total assets less current liabilities

387

882

Provisions for liabilities

(167)

387

715

Capital and reserves

Called up share capital

Profit and loss account

386

714

Shareholders' funds

387

715

NORTHERN RENEWABLE GREEN SYSTEMS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 April 2016

Mr R I Bartlett

Mrs L K Bartlett

Director

Mr C W Black

Mrs A J Black

Director

Company Registration No. 07956801

NORTHERN RENEWABLE GREEN SYSTEMS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Following the cessation of trade the directors' do not believe the going concern basis to be appropriate and these financial statements have not been prepared on that basis.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

1.4

Deferred taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

Fixed assets

Tangible assets

Cost

At 1 April 2015

1,728

Disposals

(1,728)

At 31 March 2016

Depreciation

At 1 April 2015

896

On disposals

(1,104)

Charge for the year

208

At 31 March 2016

Net book value

At 31 March 2016

At 31 March 2015

832

NORTHERN RENEWABLE GREEN SYSTEMS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of 1p each

Related party relationships and transactions

Loans to directors

At the start of the year there was a balance owing from the company to the directors, Mr R and Mrs L Bartlett, in the sum of £100 and Mr C and Mrs A Black in the sum of £124. During the year, advances to Mr R and Mrs L Bartlett amounted to £384 and repayments totalled £247. At the year end there was therefore a balance owing from the directors in the sum of £37 and this is included in other debtors. The maximum amount of the loan during the year was £149. Advances to Mr C and Mrs A Black amounted to £408 and repayments totalled £247. At the year end there was therefore a balance owing from the directors in the sum of £37 and this is included in other debtors. The maximum amount of the loan during the year was £149.