Naturalbroad Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02193644 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Naturalbroad Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Kett

T B Smith

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

02193644 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

and Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Tangible assets

2

1,569

2,134

CURRENT ASSETS

Stocks

8,304

8,061

Debtors

3

20,532

22,402

Cash at bank and in hand

36,441

28,143

65,277

58,606

CREDITORS

Amounts falling due within one year

32,681

40,082

NET CURRENT ASSETS

32,596

18,524

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,165

20,658

CREDITORS

Amounts falling due after more than one year

32,693

30,477

NET ASSETS/(LIABILITIES)

1,472

(9,819

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

1,470

(9,821

)

SHAREHOLDERS' FUNDS

1,472

(9,819

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 27 June 2016 and were signed on its behalf by:

C Kett - Director

T B Smith - Director

1.	ACCOUNTING POLICIES

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the company's

directors continuing to provide the necessary financial facilities to enable the company to continue in operation for

the foreseeable future.

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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% reducing balance

Motor vehicles

-

25% reducing balance

The tangible fixed assets are initially included at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are

recognised only to the extent that the directors consider that it is more likely than not that there will be suitable

taxable profits from which the future reversal of the underlying timing differences can be deducted. In accordance

with the Financial Reporting Standard for Smaller Entities (FRSSE January 2015), deferred tax is not recognised on

revaluation gains. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply

in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as

either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a

residual interest in the assets of the company after deducting all of its liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

18,350

DEPRECIATION

At 1 January 2015

16,216

Charge for year

565

At 31 December 2015

16,781

NET BOOK VALUE

At 31 December 2015

1,569

At 31 December 2014

2,134

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2014 - £ 214 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2