New Control Limited |
|
Report to the director on the preparation of the unaudited abbreviated accounts of New Control Limited for the year ended 31 March 2016 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of New Control Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
It is your duty to ensure that New Control Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of New Control Limited. You consider that New Control Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of New Control Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
G C Forest & Co |
Chartered Certified Accountants |
190 Billet Road |
London |
E17 5DX |
|
6 October 2016 |
|
New Control Limited |
Registered number: |
07946781 |
Abbreviated Balance Sheet |
as at 31 March 2016 |
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
3,086,353 |
|
|
1,516,483 |
|
Current assets |
Debtors |
|
|
10,228 |
|
|
1,875 |
Cash at bank and in hand |
|
|
50,257 |
|
|
51,617 |
|
|
|
60,485 |
|
|
53,492 |
|
Creditors: amounts falling due within one year |
|
|
(1,445,938) |
|
|
(689,032) |
|
Net current liabilities |
|
|
|
(1,385,453) |
|
|
(635,540) |
|
Total assets less current liabilities |
|
|
|
1,700,900 |
|
|
880,943 |
|
Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(792,715) |
|
|
|
Net assets |
|
|
|
1,700,900 |
|
|
88,228 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Revaluation reserve |
|
|
|
1,571,391 |
|
|
- |
Profit and loss account |
|
|
|
129,409 |
|
|
88,128 |
|
Shareholders' funds |
|
|
|
1,700,900 |
|
|
88,228 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
Mr Hossien Rezvani |
Director |
Approved by the board on 6 October 2016 |
|
New Control Limited |
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Leasehold land and buildings |
over the lease term |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. No provision was found to be necessary for the year ended 31 March 2016. |
|
|
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. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
1,519,525 |
|
Surplus on revaluation |
1,571,391 |
|
At 31 March 2016 |
3,090,916 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
3,042 |
|
Charge for the year |
1,521 |
|
At 31 March 2016 |
4,563 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
3,086,353 |
|
At 31 March 2015 |
1,516,483 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
4 |
Related party transactions |
2016 |
|
2015 |
£ |
£ |
|
Fleetmill Ltd |
|
Associate Company |
|
Inter company Balance |
|
Amount due to the related party |
463,787 |
|
468,287 |