N & S Commercial Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08938575 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

N & S Commercial Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Stauber

S R Norman

REGISTERED OFFICE:

68 Blackberry Drive

Barry

Vale of Glamorgan

CF62 7JR

REGISTERED NUMBER:

08938575 (England and Wales)

ACCOUNTANTS:

JK Accountancy

The Business Centre

Cardiff Road

Barry

CF63 2AW

FIXED ASSETS

Intangible assets

2

8,000

9,000

Tangible assets

3

31,330

29,947

39,330

38,947

CURRENT ASSETS

Debtors

107,228

80,965

Cash at bank and in hand

24,334

66,888

131,562

147,853

CREDITORS

Amounts falling due within one year

73,532

77,877

NET CURRENT ASSETS

58,030

69,976

TOTAL ASSETS LESS CURRENT LIABILITIES

97,360

108,923

CREDITORS

Amounts falling due after more than one year

12,896

29,580

NET ASSETS

84,464

79,343

CAPITAL AND RESERVES

Called up share capital

4

122

122

Profit and loss account

84,342

79,221

SHAREHOLDERS' FUNDS

84,464

79,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 3 August 2016 and were signed on its behalf by:

J Stauber - Director

S R Norman - 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 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 1 April 2015

and 31 March 2016

10,000

AMORTISATION

At 1 April 2015

1,000

Amortisation for year

1,000

At 31 March 2016

2,000

NET BOOK VALUE

At 31 March 2016

8,000

At 31 March 2015

9,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

40,134

Additions

13,463

At 31 March 2016

53,597

DEPRECIATION

At 1 April 2015

10,187

Charge for year

12,080

At 31 March 2016

22,267

NET BOOK VALUE

At 31 March 2016

31,330

At 31 March 2015

29,947

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

120

Ordinary

£1

120

120

2

B Ordinary

£2

2

2

122

122