NM Hope Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09341944 (England and Wales)

NM HOPE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

4TH DECEMBER 2014 TO 31ST DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Ms N McIntosh

Mr H Ainley

REGISTERED OFFICE:

Stoney Croft

Whitchurch-on-thames

Oxfordshire

RG8 7NT

REGISTERED NUMBER:

09341944 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Barclays Bank PLC

23 - 26 Parkway

Newbury

RG14 1AY

FIXED ASSETS

Tangible assets

2

82,790

CURRENT ASSETS

Stocks

102,906

Debtors

7,294

Cash at bank

777,563

887,763

CREDITORS

Amounts falling due within one year

51,842

NET CURRENT ASSETS

835,921

TOTAL ASSETS LESS CURRENT LIABILITIES

918,711

CREDITORS

Amounts falling due after more than one year

3

203,000

NET ASSETS

715,711

CAPITAL AND RESERVES

Called up share capital

4

292,565

Share premium

944,436

Profit and loss account

(521,290

)

715,711

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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 2nd September 2016 and were signed on its behalf by:

Mr H Ainley - 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 April 2008).

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.

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not

appropriate adjustments would have to be made to reduce assets to recoverable amounts, to provide for any

further liabilities that might arise and to re-classify fixed assets as current assets and long term liabilities as

current liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

110,387

At 31st December 2015

110,387

DEPRECIATION

Charge for period

27,597

At 31st December 2015

27,597

NET BOOK VALUE

At 31st December 2015

82,790

3.

CREDITORS

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

£

Repayable otherwise than by instalments

103,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

2015

Number:

Class:

Nominal value:

£

280,564

Ordinary

£1

280,564

7,274

A Ordinary

£0.55

4,001

14,546

B Ordinary

£0.275

4,000

18,182

C Ordinary

£0.22

4,000

292,565

The following shares were allotted and fully paid for cash at par during the period:

150,000 Ordinary shares of £1 each

The following shares were allotted and fully paid for cash during the period at a premium shown below:

21,453 Ordinary shares of £1 each at £6.99 per share

89,874 Ordinary shares of £1 each at £8.96 per share

13,382 Ordinary shares of £1 each at £7.47 per share

5,855 Ordinary shares of £1 each at £3.42 per share

The following shares were issued under an employee share scheme during the period:

7,274 A Ordinary shares of £0.55 each

14,546 B Ordinary shares of £0.275 each

18,182 C Ordinary shares of £0.22 each

The above share have been issued at nominal value and were awarded to employees during the period for

services rendered in the course of their employment.

5.	COMPARATIVES

This is the company's first period of trade and therefore there are no comparatives.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of NM Hope Limited for the period ended 31st December 2015 which comprise the Profit and Loss

Account, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of NM Hope Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NM Hope Limited and state those matters that we have agreed to state to the Board of Directors of NM Hope Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NM Hope Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NM Hope Limited. You consider that NM Hope Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of NM Hope Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

2nd September 2016