Northwest Law Services Limited - Abbreviated accounts 16.3
Northwest Law Services Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 August 2016 |
| for |
| Northwest Law Services Limited |
| Northwest Law Services Limited (Registered number: 01623494) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Northwest Law Services Limited |
| Company Information |
| for the Year Ended 31 August 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Northwest Law Services Limited (Registered number: 01623494) |
| Abbreviated Balance Sheet |
| 31 August 2016 |
| 31.8.16 | 31.8.15 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 3 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Northwest Law Services Limited (Registered number: 01623494) |
| Abbreviated Balance Sheet - continued |
| 31 August 2016 |
| The financial statements were approved by the Board of Directors on by: |
| Northwest Law Services Limited (Registered number: 01623494) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| 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). |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related |
| Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Revenue from the sale of services shall be recognised when all the following conditions have been satisfied: |
| - the entity has transferred to the buyer the significant risks and rewards of ownership of the services; |
| - the entity retains neither continuing managerial involvement to the degree usually associated with ownership |
| nor effective control over the services sold; |
| - the amount of revenue can be measured reliably; |
| - it is probable that the economic benefits associated with the transaction will flow to the entity; |
| - the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
| Revenue is not recognised if its recoverability is considered to be uncertain. |
| Revenue for services rendered is recorded in the profit & loss when the service has been provided to the |
| customer. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks and work in progress |
| Work in progress is stated as the recoverable amount for work undertaken not invoiced at the year end date . |
| This is calculated at applicable charge out out rates adjusted for expected recovery. |
| 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
| leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Northwest Law Services Limited (Registered number: 01623494) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2016 |
| 1. | ACCOUNTING POLICIES - continued |
| Related party transactions |
| The company has taken advantage of the exemption under FRS 8 not to disclose transactions with related |
| parties where those parties have 100% of their voting rights controlled within the Group. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| Additions |
| At 31 August 2016 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 31.8.16 | 31.8.15 |
| value: | £ | £ |
| Share capital 1 | £1 |
| 5. | ULTIMATE PARENT COMPANY |