Abbreviated Company Accounts - NOHPONEX LIMITED

Registered Number 00380940

NOHPONEX LIMITED

Abbreviated Accounts

31 December 2015

NOHPONEX LIMITED Registered Number 00380940

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	224,702	561,191
		224,702	561,191
Current assets
Cash at bank and in hand		10,644	14,345
		10,644	14,345
Creditors: amounts falling due within one year		(501,277)	(968,376)
Net current assets (liabilities)		(490,633)	(954,031)
Total assets less current liabilities		(265,931)	(392,840)
Accruals and deferred income		(5,198)	(5,241)
Total net assets (liabilities)		(271,129)	(398,081)
Capital and reserves
Called up share capital		710,000	710,000
Profit and loss account		(981,129)	(1,108,081)
Shareholders' funds		(271,129)	(398,081)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 September 2016

And signed on their behalf by:
Byron Sacorafos, Director

NOHPONEX LIMITED Registered Number 00380940

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Tangible assets depreciation policy
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 10% on reducing balance

Other accounting policies
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.
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.

2Tangible fixed assets

	£
Cost
At 1 January 2015	1,133,442
Additions	-
Disposals	(518,588)
Revaluations	-
Transfers	-
At 31 December 2015	614,854
Depreciation
At 1 January 2015	572,251
Charge for the year	375
On disposals	(182,474)
At 31 December 2015	390,152
Net book values
At 31 December 2015	224,702
At 31 December 2014	561,191