Notingwood Limited Small abbreviated accounts

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COMPANY REGISTRATION NUMBER 07143108

NOTINGWOOD LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

29 February 2016

NOTINGWOOD LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE

PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF

NOTINGWOOD LIMITED

YEAR ENDED 29 FEBRUARY 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 Notingwood Limited for the year ended 29 February 2016 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

Our work has been undertaken in accordance with the requirements of Institute of Chartered Accountants in England and Wales (ICAEW) as detailed at icaew.com/compilation.

POWDIN & CO LIMITED Chartered Accountants

Hampshire House 204 Holly Road ALDERSHOT Hampshire GU12 4SE

29 November 2016

NOTINGWOOD LIMITED

ABBREVIATED BALANCE SHEET

29 February 2016

	2016	2015
Note	£	£	£	£
Fixed Assets	2
Tangible assets		21		217

Current Assets

Debtors	2,839		1,479
Cash at bank and in hand	168,580		198,209
	----------		----------
	171,419		199,688
Creditors: Amounts Falling due Within One Year	6,921		5,728
	----------		----------
Net Current Assets		164,498		193,960
		----------		----------
Total Assets Less Current Liabilities		164,519		194,177
Provisions for Liabilities		4		43
		----------		----------
		164,515		194,134
		----------		----------

Capital and Reserves

Called up equity share capital	3		1		1
Profit and loss account		164,514		194,133
		----------		----------
Shareholders' Funds		164,515		194,134
		----------		----------

For the year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 29 November 2016 .

Mr C S Woodington

Company Registration Number: 07143108

NOTINGWOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 29 FEBRUARY 2016

1. Accounting Policies

(a) Basis of Accounting

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).

(b) Cash Flow Statement

In the opinion of the directors the company qualifies as a small company and accordingly a cash flow statement is not required.

Turnover comprises the value of Management Consultancy services charged at an hourly rate, provided in the normal course of business, excluding Value Added Tax, similar taxes and trade discounts. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

(d) Fixed Assets

All fixed assets are initially recorded at cost.

(e) Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer Equipment-3 Years

(f) Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

(g) Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2. Fixed Assets

	Tangible Assets
	£

Cost

At 1 March 2015 and 29 February 2016	2,919
	-------

Depreciation

At 1 March 2015	2,702
Charge for year	196
	-------
At 29 February 2016	2,898
	-------

Net Book Value

At 29 February 2016	21
	----

At 28 February 2015	217
	----

3. Share Capital

Allotted, called up and fully paid:

2016	2015
No	£	No	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----