Navigation Supply Co. Limited - Abbreviated accounts 16.1

Navigation Supply Co. Limited - Abbreviated accounts 16.1

NAVIGATION SUPPLY CO. LIMITED - Company Information

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REGISTERED NUMBER: 01507206 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

NAVIGATION SUPPLY CO. LIMITED

NAVIGATION SUPPLY CO. LIMITED (REGISTERED NUMBER: 01507206)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

NAVIGATION SUPPLY CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTORS: W B Howarth
Mrs T Geoghegan





SECRETARY: W B Howarth





REGISTERED OFFICE: 29 Bacup Road
Todmorden
Lancashire
OL14 7PN





REGISTERED NUMBER: 01507206 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ
Page 1
NAVIGATION SUPPLY CO. LIMITED (REGISTERED NUMBER: 01507206)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 16,002 9,950

CURRENT ASSETS
Stocks 99,750 106,100
Debtors 64,167 54,589
Cash in hand 554 365
164,471 161,054
CREDITORS
Amounts falling due within one year 128,951 126,032
NET CURRENT ASSETS 35,520 35,022
TOTAL ASSETS LESS CURRENT
LIABILITIES
51,522
44,972

CREDITORS
Amounts falling due after more than
one year
(14,685
)
(17,967
)

PROVISIONS FOR LIABILITIES (3,200 ) -
NET ASSETS 33,637 27,005

CAPITAL AND RESERVES
Called up share capital 3 300 300
Profit and loss account 33,337 26,705
SHAREHOLDERS' FUNDS 33,637 27,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
NAVIGATION SUPPLY CO. LIMITED (REGISTERED NUMBER: 01507206)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 17 October 2016 and were signed on
its behalf by:




Mrs T Geoghegan - Director



W B Howarth - Director


The notes form part of these abbreviated accounts

Page 3
NAVIGATION SUPPLY CO. LIMITED (REGISTERED NUMBER: 01507206)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

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 January 2015).

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance and 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

Assets held on operating leases are not capitalised and the rentals are charged in arriving at the
result for the year. Assets being acquired on hire purchase, if applicable, are capitalised and
depreciation and interest are charged in arriving at the result for the year.

Page 4 continued...
NAVIGATION SUPPLY CO. LIMITED (REGISTERED NUMBER: 01507206)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 93,694
Additions 11,387
At 31 January 2016 105,081
DEPRECIATION
At 1 February 2015 83,744
Charge for year 5,335
At 31 January 2016 89,079
NET BOOK VALUE
At 31 January 2016 16,002
At 31 January 2015 9,950

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
300 Ordinary 1 300 300

Page 5