Nene Communications Limited - Abbreviated accounts 16.1

Nene Communications Limited - Abbreviated accounts 16.1

NENE COMMUNICATIONS LIMITED - Company Information

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REGISTERED NUMBER: 03928496 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2016

FOR

NENE COMMUNICATIONS LIMITED

NENE COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03928496)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

NENE COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2016







DIRECTORS: J J Bird
J M Bird





SECRETARY: J J Bird





REGISTERED OFFICE: 10 Beech Close
Bugbrooke
Northampton
NN7 3RB





REGISTERED NUMBER: 03928496 (England and Wales)





ACCOUNTANTS: DNG Dove Naish
Chartered Accountants
Eagle House
28 Billing Road
Northampton
NN1 5AJ
Page 1
NENE COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03928496)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 900 1,350

CURRENT ASSETS
Stocks 289,500 289,500
Debtors 21,300 7,805
Cash at bank 64,864 83,249
375,664 380,554
CREDITORS
Amounts falling due within one year 306,302 288,611
NET CURRENT ASSETS 69,362 91,943
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,262
93,293

PROVISIONS FOR LIABILITIES 180 270
NET ASSETS 70,082 93,023

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 70,080 93,021
SHAREHOLDERS' FUNDS 70,082 93,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
NENE COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03928496)

ABBREVIATED BALANCE SHEET - continued
28 FEBRUARY 2016


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 5 August 2016 and were signed on its
behalf by:




J M Bird - Director



J J Bird - Director


The notes form part of these abbreviated accounts

Page 3
NENE COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03928496)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016


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.

Plant and machinery - 33% on cost
Computer equipment - 20% on cost

Stocks
Stocks include the purchase of a property and its related purchase costs. Stock are valued at the lower
of cost and net realisable value.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the
treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or
accelerated is accounted for in respect of all material timing differences.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 28 February 2016 5,889
DEPRECIATION
At 1 March 2015 4,539
Charge for year 450
At 28 February 2016 4,989
NET BOOK VALUE
At 28 February 2016 900
At 28 February 2015 1,350

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 4 continued...
NENE COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03928496)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2016


4. TRANSACTIONS WITH DIRECTORS

At the year end the company owed £284,930 (2015: £271,693) to the directors of the company. The
loan is interest free, unsecured and there are no set terms for repayment.

Page 5