Non Standard Logic Ltd - Period Ending 2016-01-31

Registration number: 07927364

Non Standard Logic Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

KRW Accountants Ltd
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Bus. Park
Alderton Rd
Towcester
NN12 7LS

Non Standard Logic Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Non Standard Logic Ltd
(Registration number: 07927364)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					-			146
Current assets
Stocks					7,000			5,000
Debtors					190			32,625
Cash at bank and in hand					21,018			-
					28,208			37,625
Creditors: Amounts falling due within one year					(45,663)			(35,999)
Net current (liabilities)/assets					(17,455)			1,626
Net (liabilities)/assets					(17,455)			1,772
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(17,555)			1,672
Shareholders' (deficit)/funds					(17,455)			1,772

For the year ending 31 January 2016 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 director acknowledges his 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 director on 2 August 2016

.........................................
Mr Serge Mbikina
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Non Standard Logic Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Straight Line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Non Standard Logic Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		585			585
At 31 January 2016		585			585
Depreciation
At 1 February 2015		439			439
Charge for the year		146			146
At 31 January 2016		585			585
Net book value
At 31 January 2016		-			-
At 31 January 2015		146			146

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3