NWC M & E Services Limited - Period Ending 2016-04-30

Registration number: 08999395

NWC M & E Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

G W Kelly & Company
Chartered Accountants
3 Stadium Court
Plantation Road
Bromborough
Merseyside
CH62 3QG

NWC M & E Services 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 Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
NWC M & E Services Limited
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NWC M & E Services Limited for the year ended 30 April 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 Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at icas.org.uk/Ethics.

This report is made solely to the Board of Directors of NWC M & E Services 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 NWC M & E Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icas.org.uk/Ethics. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NWC M & E Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NWC M & E Services 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 NWC M & E Services Limited. You consider that NWC M & E Services 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 NWC M & E Services 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.

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

G W Kelly & Company
Chartered Accountants
3 Stadium Court
Plantation Road
Bromborough
Merseyside
CH62 3QG

4 October 2016

Page 1

NWC M & E Services Limited
(Registration number: 08999395)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £			30 April 2015 £
Fixed assets
Tangible fixed assets					30,301			11,139
Current assets
Debtors					46,672			52,541
Cash at bank and in hand					24,402			46,084
					71,074			98,625
Creditors: Amounts falling due within one year					(85,234)			(89,808)
Net current (liabilities)/assets					(14,160)			8,817
Total assets less current liabilities					16,141			19,956
Provisions for liabilities					(5,478)			-
Net assets					10,663			19,956
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					10,660			19,953
Shareholders' funds					10,663			19,956

For the year ending 30 April 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 4 October 2016 and signed on its behalf by:

.........................................
Mr Darren Hibberd
Director

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

NWC M & E Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 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 January 2015).

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
Motor Vehicles	25% per annum straight line
Office Equipment	20% per annum straight line

Deferred tax

Deferred tax is recognised,without discounting,in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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

NWC M & E Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		14,812			14,812
Additions		37,388			37,388
Disposals		(14,200)			(14,200)
At 30 April 2016		38,000			38,000
Depreciation
At 1 May 2015		3,673			3,673
Charge for the year		7,576			7,576
Eliminated on disposals		(3,550)			(3,550)
At 30 April 2016		7,699			7,699
Net book value
At 30 April 2016		30,301			30,301
At 30 April 2015		11,139			11,139

3	Share capital

Allotted, called up and fully paid shares

	30 April 2016						30 April 2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2
Ordinary B of £1 each		1			1			1			1
		3			3			3			3

Page 4