Abbreviated Company Accounts - NUTECH RENEWABLES LIMITED

Abbreviated Company Accounts - NUTECH RENEWABLES LIMITED

NUTECH RENEWABLES LIMITED - Company Information

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Registered Number NI059989

NUTECH RENEWABLES LIMITED

Abbreviated Accounts

31 December 2015

NUTECH RENEWABLES LIMITED Registered Number NI059989

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 16,000 20,000
Tangible assets 3 5,250 7,000
21,250 27,000
Current assets
Stocks 14,102 11,960
Debtors 16,503 39,971
Cash at bank and in hand 9,580 2,703
40,185 54,634
Creditors: amounts falling due within one year (100,954) (100,987)
Net current assets (liabilities) (60,769) (46,353)
Total assets less current liabilities (39,519) (19,353)
Creditors: amounts falling due after more than one year (9,735) (35,307)
Total net assets (liabilities) (49,254) (54,660)
Capital and reserves
Called up share capital 2 2
Profit and loss account (49,256) (54,662)
Shareholders' funds (49,254) (54,660)
  • 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 4 August 2016

And signed on their behalf by:
Mark Forkin, Director

NUTECH RENEWABLES LIMITED Registered Number NI059989

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

- Plant and machinery - 20% Straight Line
- Motor vehicles - 20% Straight Line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Intangible assets amortisation policy
Development costs are amortised over 10 years.

2Intangible fixed assets
£
Cost
At 31 December 2014 40,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 40,000
Amortisation
At 31 December 2014 20,000
Charge for the year 4,000
On disposals -
At 31 December 2015 24,000
Net book values
At 31 December 2015 16,000
At 30 December 2014 20,000
3Tangible fixed assets
£
Cost
At 31 December 2014 19,739
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 19,739
Depreciation
At 31 December 2014 12,739
Charge for the year 1,750
On disposals -
At 31 December 2015 14,489
Net book values
At 31 December 2015 5,250
At 30 December 2014 7,000