NTW Trading Limited Small abbreviated accounts

NTW TRADING LIMITED - Company Information

FY Private Limited Company Company accounts 2016-09-30 2016-09-30 false true false false false false false false false false false false true true 2015-01-01 true xbrli:pure xbrli:shares iso4217:EUR 05399445 2015-01-01 2015-12-31 05399445 2015-12-31 05399445 2014-12-31 05399445 2014-12-31 05399445 uk-gaap:PlantMachinery 2015-01-01 2015-12-31 05399445 uk-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 05399445 uk-bus:Director1 2015-01-01 2015-12-31 05399445 uk-gaap:AllSubsidiaries 2015-01-01 2015-12-31 05399445 uk-bus:OrdinaryShareClass1 2015-12-31 05399445 uk-bus:OrdinaryShareClass1 2014-12-31 05399445 uk-lang:English 2015-01-01 2015-12-31 05399445 uk-curr:Euro 2015-01-01 2015-12-31

Company Registration Number 05399445

NTW Trading Limited

Unaudited Abbreviated Accounts

31 December 2015

NTW Trading Limited

Abbreviated Balance Sheet

31 December 2015

	2015		2014
Note	€	€	€	€

Fixed Assets	2
Tangible assets		56,391	28,771

Current Assets

Stocks	100		800
Debtors	722,339		775,084
Cash at bank and in hand	11,169		10,942
	---------		---------
	733,608		786,826
Creditors: Amounts Falling due Within One Year	( 569,817)		( 665,187)
	---------		---------
Net Current Assets		163,791		121,639

	---------	---------
Total Assets Less Current Liabilities	220,182	150,410
	---------	---------

Capital and Reserves

Called up equity share capital	3	1,000	1,000
Profit and loss account		219,182	149,410
		---------	---------
Shareholders' Funds		220,182	150,410
		---------	---------

For the year ended 31st December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 28 September 2016 .

R S Chapman Director

Company Registration Number: 05399445

NTW Trading Limited

Notes to the Abbreviated Accounts

Year Ended 31st December 2015

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 the fair value of goods and services provided, excluding value added tax, during the year.

Fixed Assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery-33.33% straight line basis per annum

Work in Progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign Currencies

The figures in the accounts are quoted in Euros.

Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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. Fixed Assets

	Tangible Assets
	€

Cost

At 1st January 2015	199,462
Additions	42,260
Disposals	( 24,654)
	---------
At 31st December 2015	217,068
	---------

Depreciation

At 1st January 2015	170,691
Charge for year	14,640
On disposals	( 24,654)
	---------
At 31st December 2015	160,677
	---------

Net Book Value

At 31st December 2015	56,391
	--------

At 31st December 2014	28,771
	--------

3. Share Capital

Allotted, called up and fully paid:

2015		2014
No.	€	No.	€

Ordinary shares of € 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

4. Ultimate Parent Company

The company's immediate parent company is WTN LLC a company registered in the USA. The ultimate controlling party is not known.