| Netcroft Trading Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Netcroft Trading Limited for the year ended 30 November 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Netcroft Trading Limited for the year ended 30 November 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| JS Gulati & Co |
| Chartered Accountants |
| 4 Peter James Business Centre |
| Pump Lane |
| Hayes |
| Middlesex |
| UB3 3NT |
|
| 10 August 2016 |
|
| Netcroft Trading Limited |
| Registered number: |
07464313 |
| Abbreviated Balance Sheet |
| as at 30 November 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
76,663 |
|
|
72,454 |
| Debtors |
|
|
586 |
|
|
907 |
| Cash at bank and in hand |
|
|
8,370 |
|
|
6,322 |
|
|
|
85,619 |
|
|
79,683 |
|
| Creditors: amounts falling due within one year |
|
|
(13,378) |
|
|
(16,262) |
|
| Net current assets |
|
|
|
72,241 |
|
|
63,421 |
|
| Total assets less current liabilities |
|
|
|
72,241 |
|
|
63,421 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(71,454) |
|
|
(62,707) |
|
|
|
| Net assets |
|
|
|
787 |
|
|
714 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
2 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
786 |
|
|
713 |
|
| Shareholder's funds |
|
|
|
787 |
|
|
714 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Jasbir Singh Arora |
| Director |
| Approved by the board on 10 August 2016 |
|
| Netcroft Trading Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
