Abbreviated Company Accounts - NSO MANAGEMENT LIMITED

Abbreviated Company Accounts - NSO MANAGEMENT LIMITED


Registered Number 04607296

NSO MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2016

NSO MANAGEMENT LIMITED Registered Number 04607296

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1 1,555
1 1,555
Current assets
Debtors 16,893 11,600
16,893 11,600
Creditors: amounts falling due within one year (16,793) (12,926)
Net current assets (liabilities) 100 (1,326)
Total assets less current liabilities 101 229
Total net assets (liabilities) 101 229
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 1 129
Shareholders' funds 101 229
  • 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 29 December 2016

And signed on their behalf by:
Mrs N Page, Director

NSO MANAGEMENT LIMITED Registered Number 04607296

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

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life and are depreciated as follows:
Plant and machinery Written off on a straight line basis over 3 years.
Computer equipment Written off on a straight line basis over 3 years.
Fixtures, fittings & equipment Written off on a straight line basis over 3 years.

Other accounting policies
Control
The company is a wholly owned subsidiary of The National Symphony Orchestra Ltd.

2Tangible fixed assets
£
Cost
At 1 April 2015 10,009
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 10,009
Depreciation
At 1 April 2015 8,454
Charge for the year 1,554
On disposals -
At 31 March 2016 10,008
Net book values
At 31 March 2016 1
At 31 March 2015 1,555
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100