Northstead Manor Limited - Abbreviated accounts 16.1

NORTHSTEAD MANOR LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr D G Humphreys

REGISTERED OFFICE:

62/63 Westborough

Scarborough

North Yorkshire

YO11 1TS

REGISTERED NUMBER:

06125326 (England and Wales)

ACCOUNTANTS:

Winn & Co

Chartered Accountants

62/63 Westborough

Scarborough

North Yorkshire

YO11 1TS

FIXED ASSETS

Tangible assets

2

6,245

6,202

CURRENT ASSETS

Stocks

15,000

Debtors

4,339

2,780

Cash at bank and in hand

3,494

766

22,833

18,546

CREDITORS

Amounts falling due within one year

47,523

44,704

NET CURRENT LIABILITIES

(24,690

)

(26,158

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,445

)

(19,956

)

CREDITORS

Amounts falling due after more than one
year

96,611

69,875

NET LIABILITIES

(115,056

)

(89,831

)

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

(115,060

)

(89,835

)

SHAREHOLDERS' FUNDS

(115,056

)

(89,831

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 September 2016 and were signed by:

Mr D G Humphreys - 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.

Improvements to property

-

10% on cost

Equipment

-

25% on cost

Fixtures and fittings

-

15% on 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

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

Going concern

Although the balance sheet shows net liabilities, the largest individual creditor relates to loans provided to the

company by the director/shareholder, Mr D G Humphreys. As he has pledged his support to the company it has

been deemed reasonable to prepare these financial statements on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

99,723

Additions

3,200

At 29 February 2016

102,923

DEPRECIATION

At 1 March 2015

93,521

Charge for year

3,157

At 29 February 2016

96,678

NET BOOK VALUE

At 29 February 2016

6,245

At 28 February 2015

6,202

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4

Ordinary

£1

4