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07684010
2016-03-31
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2016-03-31
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For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07684010
2
NM Carpets Ltd
For the year ended 31 March 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
NM Carpets Ltd
2016
2015
2
67,562
40,106
3
1,462
2,874
69,024
42,980
158,226
166,133
8,840
17,814
111,262
71,218
295,209
238,284
| Creditors: amounts falling due within one year |
(280,347)
(345,548)
(42,063)
(50,339)
Net current liabilities
| Total assets less current liabilities |
18,685
917
18,685
Net assets
917
2
4
2
18,683
915
18,685
917
Shareholders funds
| For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his 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.
| Date approved by the board: 12 December 2016 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
NM Carpets Ltd
For the year ended 31 March 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful |
| economic life of the goodwill of 10 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
43,358
35,000
78,358
3,252
7,544
Charge for year
10,796
67,562
40,106
2 of 3
5
| Notes to the Abbreviated Financial Statements |
NM Carpets Ltd
For the year ended 31 March 2016
5,647
5,647
2,773
1,412
Charge for year
4,185
1,462
2,874
| Allotted called up and fully paid |
2016
2015
| 2 Class A shares of £1.00 each |
2
2
2
2
3 of 3
