Newline Chandlery Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04354827 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

Newline Chandlery Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N R Turner

SECRETARY:

REGISTERED OFFICE:

The Regent

Chapel Street

Penzance

Cornwall

TR18 4AE

REGISTERED NUMBER:

04354827 (England and Wales)

FIXED ASSETS

Tangible assets

2

5,601

4,427

CURRENT ASSETS

Stocks

15,000

8,325

Debtors

16,337

11,984

Cash at bank and in hand

6,909

7,604

38,246

27,913

CREDITORS

Amounts falling due within one year

(40,701

)

(31,421

)

NET CURRENT LIABILITIES

(2,455

)

(3,508

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,146

919

CREDITORS

Amounts falling due after more than one
year

(2,187

)

(634

)

NET ASSETS

959

285

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

957

283

SHAREHOLDERS' FUNDS

959

285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16th December 2016 and were signed by:

N R Turner - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

8,168

Additions

2,972

At 31st March 2016

11,140

DEPRECIATION

At 1st April 2015

3,741

Charge for year

1,798

At 31st March 2016

5,539

NET BOOK VALUE

At 31st March 2016

5,601

At 31st March 2015

4,427

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

2

Ordinary

1

2