NoNonsense (Group) Ltd - Period Ending 2016-02-29

Registration number: 07537286

NoNonsense (Group) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

CRW Accountants Limited
The Mews
Queen Street
Colyton
Devon
EX24 6JU

NoNonsense (Group) Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

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 5) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
NoNonsense (Group) Ltd
for the 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 accounts of NoNonsense (Group) Ltd for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of NoNonsense (Group) Ltd, 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 NoNonsense (Group) Ltd and state those matters that we have agreed to state to them, as a body in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NoNonsense (Group) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NoNonsense (Group) Ltd 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 NoNonsense (Group) Ltd. You consider that NoNonsense (Group) Ltd 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 NoNonsense (Group) Ltd. 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.

CRW Accountants Limited
The Mews
Queen Street
Colyton
Devon
EX24 6JU

Page 1

NoNonsense (Group) Ltd
(Registration number: 07537286)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					409,524			323,584
Current assets
Stocks					-			10,000
Debtors		3			43,823			110,734
Cash at bank and in hand					120,647			102,875
					164,470			223,609
Creditors: Amounts falling due within one year		4			(101,123)			(159,824)
Net current assets					63,347			63,785
Total assets less current liabilities					472,871			387,369
Creditors: Amounts falling due after more than one year		4			(212,125)			(125,779)
Net assets					260,746			261,590
Capital and reserves
Called up share capital		5			100			100
Profit and loss account					260,646			261,490
Shareholders' funds					260,746			261,590

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 23 November 2016 and signed on its behalf by:

Mr Stephen J Richards
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

NoNonsense (Group) Ltd
(Registration number: 07537286)
Abbreviated Balance Sheet at 29 February 2016
......... continued

Mrs Elizabeth J Madden
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

NoNonsense (Group) Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... 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.

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 economic life as follows:~

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Motor vehicle	25% reducing balance
Plant and machinery	For 2013/14 & 2014/15 rates customised per Directors. From 2015/16 standard accounting rates applied per Directors' instructions
Steelwork, decking and roof	For 2013/14 & 2014/15 rates customised per Directors. From 2015/16 standard accounting rates applied per Directors' instructions

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		383,567			383,567
Additions		222,134			222,134
At 29 February 2016		605,701			605,701
Depreciation
At 1 March 2015		59,983			59,983
Charge for the year		136,194			136,194
At 29 February 2016		196,177			196,177

Page 4

NoNonsense (Group) Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

Net book value
At 29 February 2016		409,524			409,524
At 28 February 2015		323,584			323,584

3

Debtors

Debtors includes £5,340 (2015 - £5,080) receivable after more than one year.

 

4

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years not by instalments		55,211			23,459
		55,211			23,459

5	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary 100 shares of £1 each		100			100			100			100

Page 5