N & J Page Limited - Abbreviated accounts 16.1

N & J PAGE LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 31st October 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N Page

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

REGISTERED NUMBER:

04849995 (England and Wales)

ACCOUNTANTS:

The Priory Partnership

Chartered Accountants

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

FIXED ASSETS

Intangible assets

2

20,000

22,500

Tangible assets

3

110,838

112,822

130,838

135,322

CURRENT ASSETS

Stocks

15,078

10,033

Debtors

3,153

2,954

18,231

12,987

CREDITORS

Amounts falling due within one year

95,054

102,633

NET CURRENT LIABILITIES

(76,823

)

(89,646

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,015

45,676

CREDITORS

Amounts falling due after more than one
year

4

51,369

NET ASSETS/(LIABILITIES)

2,646

(5,693

)

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

2,645

(5,694

)

SHAREHOLDERS' FUNDS

2,646

(5,693

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 29th July 2016 and were signed by:

N Page - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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

-

not provided

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation is charged on freehold property because the estimated residual value is not materially less

than the carrying value. However, freehold property is subject to the annual impairment review per Financial

Reporting Standard No. 11 " Impairment of Fixed Assets and Goodwill"

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

and 31st October 2015

50,000

AMORTISATION

At 1st November 2014

27,500

Amortisation for year

2,500

At 31st October 2015

30,000

NET BOOK VALUE

At 31st October 2015

20,000

At 31st October 2014

22,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

and 31st October 2015

143,536

DEPRECIATION

At 1st November 2014

30,714

Charge for year

1,984

At 31st October 2015

32,698

NET BOOK VALUE

At 31st October 2015

110,838

At 31st October 2014

112,822

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

51,369

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

6.	CONTROLLING PARTIES

The company is under the control of the director.