Ntech Consultants Limited - Period Ending 2014-03-31

Registration number: 06054256

Ntech Consultants Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Booth & Co
Chartered Certified Accountants
The Hermitage
15a Shenfield Road
Brentwood
Essex
CM15 8AG

Ntech Consultants Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ntech Consultants Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ntech Consultants Limited for the year ended 31 March 2014 set out on pages 2 to 4 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.

This report is made solely to the Board of Directors of Ntech Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ntech Consultants Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ntech Consultants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ntech Consultants 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 Ntech Consultants Limited. You consider that Ntech Consultants 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 Ntech Consultants 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 statutory accounts.

......................................

Booth & Co
Chartered Certified Accountants
The Hermitage
15a Shenfield Road
Brentwood
Essex
CM15 8AG

13 October 2014

Page 1

Ntech Consultants Limited
(Registration number: 06054256)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					144,000			152,000
Tangible fixed assets					739			885
					144,739			152,885
Current assets
Debtors					34,102			44,323
Cash at bank and in hand					4			9
					34,106			44,332
Creditors: Amounts falling due within one year					(50,860)			(42,284)
Net current (liabilities)/assets					(16,754)			2,048
Net assets					127,985			154,933
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					127,885			154,833
Shareholders' funds					127,985			154,933

For the year ending 31 March 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 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 13 October 2014

.........................................
Mr Darren Boreham
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Ntech Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... 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 April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful life as follows:-

Asset class	Amortisation method and rate
Goodwill	Over 25 years

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 life as follows:-

Asset class	Depreciation method and rate
Fixtures and fittings	25% Reducing balance basis

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 3

Ntech Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2013		200,000			4,562			204,562
Additions		-			99			99
At 31 March 2014		200,000			4,661			204,661
Depreciation
At 1 April 2013		48,000			3,677			51,677
Charge for the year		8,000			245			8,245
At 31 March 2014		56,000			3,922			59,922
Net book value
At 31 March 2014		144,000			739			144,739
At 31 March 2013		152,000			885			152,885

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary voting shares of £1 each		100			100			100			100

Page 4