Abbreviated Company Accounts - NEAT IDEAS LTD

02456286 NEAT IDEAS LTD 2016-03-31 false 2015-04-01 2016-03-31 true 02456286 2015-04-01 2016-03-31 02456286 2016-03-31 02456286 2015-03-31 02456286 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 02456286 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2015-03-31 iso4217:GBP shares

Registered Number 02456286

NEAT IDEAS LTD

Abbreviated Accounts

31 March 2016

NEAT IDEAS LTD Registered Number 02456286

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	242,453	518,907
		242,453	518,907
Current assets
Stocks		639,450	543,656
Debtors		187,620	306,612
Cash at bank and in hand		1,058,873	848,865
		1,885,943	1,699,133
Creditors: amounts falling due within one year		(117,538)	(186,182)
Net current assets (liabilities)		1,768,405	1,512,951
Total assets less current liabilities		2,010,858	2,031,858
Total net assets (liabilities)		2,010,858	2,031,858
Capital and reserves
Called up share capital	4	15,840	15,940
Profit and loss account		1,995,018	2,015,918
Shareholders' funds		2,010,858	2,031,858

For the year ending 31 March 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.

Approved by the Board on 12 December 2016

And signed on their behalf by:
M J Broadley, Director
M Broadley, Director

NEAT IDEAS LTD Registered Number 02456286

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015.

Turnover policy
The turnover shown in the profit and loss account represents the invoice value of goods and services provided during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
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 :

Freehold Property - not depreciated
Video Presenters - 50% straight line
Fixtures & Fittings - 15% and 33.33% straight line
Motor Vehicles - 25% straight line

Intangible assets amortisation policy
Amortisation 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 :

Goodwill - 10% straight line

Other accounting policies
Pension Costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Intangible fixed assets

	£
Cost
At 1 April 2015	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	10,000
Amortisation
At 1 April 2015	10,000
Charge for the year	-
On disposals	-
At 31 March 2016	10,000
Net book values
At 31 March 2016	0
At 31 March 2015	0

3Tangible fixed assets

	£
Cost
At 1 April 2015	1,124,530
Additions	20,663
Disposals	(246,705)
Revaluations	-
Transfers	-
At 31 March 2016	898,488
Depreciation
At 1 April 2015	605,623
Charge for the year	50,412
On disposals	-
At 31 March 2016	656,035
Net book values
At 31 March 2016	242,453
At 31 March 2015	518,907

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
15,100 A Ordinary shares of £1 each	15,100	15,100
500 D Ordinary shares of £1 each (700 shares for 2015)	500	700
100 B Ordinary shares of £1 each (0 shares for 2015)	100	0
140 C Ordinary shares of £1 each	140	140

On 25 September 2015, the company issued 100 £1 'B' Shares for a total consideration of £100.

During the year, the company purchased 200 'D' Shares from shareholders at par.