Abbreviated Company Accounts - NAB PLANT LIMITED

Registered Number 06823737

NAB PLANT LIMITED

Abbreviated Accounts

31 May 2014

NAB PLANT LIMITED Registered Number 06823737

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	202,500	213,750
Tangible assets	3	52,300	35,400
		254,800	249,150
Current assets
Debtors		1,625	6,668
Cash at bank and in hand		2,609	-
		4,234	6,668
Creditors: amounts falling due within one year		(240,089)	(231,477)
Net current assets (liabilities)		(235,855)	(224,809)
Total assets less current liabilities		18,945	24,341
Creditors: amounts falling due after more than one year		(16,285)	(19,245)
Total net assets (liabilities)		2,660	5,096
Capital and reserves
Called up share capital		10	10
Profit and loss account		2,650	5,086
Shareholders' funds		2,660	5,096

For the year ending 31 May 2014 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 17 September 2014

And signed on their behalf by:
C P Butterworth, Director

NAB PLANT LIMITED Registered Number 06823737

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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, excluding value added tax, of sales made during the year and derives and from the provision of goods falling within the company's ordinary activities

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance
Motor vehicles - 20%

2Intangible fixed assets

	£
Cost
At 1 June 2013	225,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	225,000
Amortisation
At 1 June 2013	11,250
Charge for the year	11,250
On disposals	-
At 31 May 2014	22,500
Net book values
At 31 May 2014	202,500
At 31 May 2013	213,750

3Tangible fixed assets

	£
Cost
At 1 June 2013	35,400
Additions	25,040
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	60,440
Depreciation
At 1 June 2013	-
Charge for the year	8,140
On disposals	-
At 31 May 2014	8,140
Net book values
At 31 May 2014	52,300
At 31 May 2013	35,400