NATAL_ANGELS_LIMITED - Accounts

NATAL ANGELS LIMITED - Company Information

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Company Registration No. 09624803 (England and Wales)

NATAL ANGELS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2016

NATAL ANGELS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NATAL ANGELS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

527

Current assets

Debtors

12,708

Cash at bank and in hand

22,516

35,224

Creditors: amounts falling due within one year

(51,307)

Net current liabilities

(16,083)

Total assets less current liabilities

(15,556)

Capital and reserves

Called up share capital

100

Profit and loss account

(15,656)

Shareholders' funds

(15,556)

For the financial period ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 15 August 2016

Mrs C V Charlton

Miss L A Gilchrist

Director

Company Registration No. 09624803

NATAL ANGELS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33 Reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 5 June 2015

Additions

791

At 30 June 2016

791

Depreciation

At 5 June 2015

Charge for the period

264

At 30 June 2016

264

Net book value

At 30 June 2016

527

NATAL ANGELS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2016

- 3 -

Share capital

2016

Allotted, called up and fully paid

100 Ordinary of £1 each

100

During the year 100 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.