Netextremity Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC144593 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Netextremity Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C H Henderson

SECRETARY:

Miss J Henderson

REGISTERED OFFICE:

Port Edgar Marina

Shore Road

Edinburgh

Lothian

EH30 9SQ

REGISTERED NUMBER:

SC144593 (Scotland)

ACCOUNTANTS:

Facts & Figures (Scotland) Limited

4 Polwarth Gardens

Edinburgh

EH11 1LW

FIXED ASSETS

Tangible assets

2

61,874

64,866

CURRENT ASSETS

Debtors

3

152,843

112,786

Cash at bank

42,114

49,885

194,957

162,671

CREDITORS

Amounts falling due within one year

47,351

52,983

NET CURRENT ASSETS

147,606

109,688

TOTAL ASSETS LESS CURRENT
LIABILITIES

209,480

174,554

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

209,478

174,552

SHAREHOLDERS' FUNDS

209,480

174,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 13 June 2016 and were signed by:

C H Henderson - 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 January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding 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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

96,743

Additions

270

At 30 September 2015

97,013

DEPRECIATION

At 1 October 2014

31,877

Charge for year

3,262

At 30 September 2015

35,139

NET BOOK VALUE

At 30 September 2015

61,874

At 30 September 2014

64,866

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 122,000 (2014 - £

82,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

5.	TRANSACTIONS WITH THE DIRECTORS

The following advances and credits to a director subsisted during the years ended

30 September 2015 and 30 September 2014:

2015

2014

£

C H Henderson

Balance outstanding at start of year

9,616

6,735

Amounts advanced

2,901

2,881

Amounts repaid

(7,686

)

-

Balance outstanding at end of year

4,831

9,616

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C H Henderson.