Nova Glazing Supplies (Cheltenham) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08311894 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

NOVA GLAZING SUPPLIES (CHELTENHAM) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Durrant

P J Ryland

SECRETARY:

REGISTERED OFFICE:

Churchill House

Churchill Road

Cheltenham

Gloucestershire

GL53 7EG

REGISTERED NUMBER:

08311894 (England and Wales)

ACCOUNTANTS:

Devereux & Co

3 Court Mews

268 London Road

Charlton Kings

Cheltenham

Gloucestershire

GL52 6HS

FIXED ASSETS

Tangible assets

2

7,086

9,599

CURRENT ASSETS

Debtors

60,320

33,636

Cash at bank and in hand

3,642

3,420

63,962

37,056

CREDITORS

Amounts falling due within one year

3

178,513

137,042

NET CURRENT LIABILITIES

(114,551

)

(99,986

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(107,465

)

(90,387

)

CREDITORS

Amounts falling due after more than one
year

3

48,761

44,819

NET LIABILITIES

(156,226

)

(135,206

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(156,326

)

(135,306

)

SHAREHOLDERS' FUNDS

(156,226

)

(135,206

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 8 August 2016 and were signed on its behalf by:

M Durrant - 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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

16,853

DEPRECIATION

At 1 December 2014

7,254

Charge for year

2,513

At 30 November 2015

9,767

NET BOOK VALUE

At 30 November 2015

7,086

At 30 November 2014

9,599

3.

CREDITORS

Creditors include an amount of £ 7,200 (2014 - £ 24,744 ) for which security has been given.

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

2015

2014

£

Repayable by instalments

12,222

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

100