Abbreviated Company Accounts - NEWSEASONINT LIMITED

Abbreviated Company Accounts - NEWSEASONINT LIMITED


Registered Number 07882737

NEWSEASONINT LIMITED

Abbreviated Accounts

31 December 2015

NEWSEASONINT LIMITED Registered Number 07882737

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Current assets
Stocks - 12,713
Debtors 258 1,420
Cash at bank and in hand 816 1,079
1,074 15,212
Creditors: amounts falling due within one year (22,583) (22,332)
Net current assets (liabilities) (21,509) (7,120)
Total assets less current liabilities (21,509) (7,120)
Total net assets (liabilities) (21,509) (7,120)
Capital and reserves
Called up share capital 2 200 200
Profit and loss account (21,709) (7,320)
Shareholders' funds (21,509) (7,120)
  • 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 30 September 2016

And signed on their behalf by:
Mr E Kerboriou, Director

NEWSEASONINT LIMITED Registered Number 07882737

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

These accounts have been prepared on a going concern basis which assumes that the company will continue to trade.

The director anticipates that the company's turnover will increase, returning to levels achieved in earlier years resulting in sustainable profits. This will enable borrowing from lenders to be repaid and earnings to be retained for future working capital.

If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, and to provide for any further liabilities that may arise.

Other accounting policies
Stock
Stocks comprise goods purchased for resale and are stated at the lower of cost, on a first in first out basis, and net realisable value.

Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. All differences are taken to profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
200 Ordinary shares of £1 each 200 200