Abbreviated Company Accounts - NEW SILK ROAD LIMITED

NEW SILK ROAD LIMITED - Company Information

Registered Number 07538044

NEW SILK ROAD LIMITED

Abbreviated Accounts

29 February 2016

NEW SILK ROAD LIMITED Registered Number 07538044

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	3,612	2,795
		3,612	2,795
Current assets
Debtors		50,488	41,071
Cash at bank and in hand		49,485	12,141
		99,973	53,212
Creditors: amounts falling due within one year		(884,037)	(512,819)
Net current assets (liabilities)		(784,064)	(459,607)
Total assets less current liabilities		(780,452)	(456,812)
Total net assets (liabilities)		(780,452)	(456,812)
Capital and reserves
Called up share capital		220,000	220,000
Profit and loss account		(1,000,452)	(676,812)
Shareholders' funds		(780,452)	(456,812)

For the year ending 29 February 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 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 6 November 2016

And signed on their behalf by:
Mrs Meng Zhang, Director

NEW SILK ROAD LIMITED Registered Number 07538044

Notes to the Abbreviated Accounts for the period ended 29 February 2016

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 value,net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 50% straight line
Computer equipment 50% straight line

Other accounting policies
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 March 2015	4,199
Additions	4,451
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	8,650
Depreciation
At 1 March 2015	1,404
Charge for the year	3,634
On disposals	-
At 29 February 2016	5,038
Net book values
At 29 February 2016	3,612
At 28 February 2015	2,795