NORTHCROSS_EDUCATION_SERV - Accounts

NORTHCROSS EDUCATION SERVICES LIMITED - Company Information

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Company Registration No. 04469720 (England and Wales)

NORTHCROSS EDUCATION SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

NORTHCROSS EDUCATION SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

NORTHCROSS EDUCATION SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

180

294

Current assets

Debtors

3,538

Cash at bank and in hand

7,073

3,539

Creditors: amounts falling due within one year

(5,655)

(4,692)

Net current assets/(liabilities)

1,418

(1,153)

Total assets less current liabilities

1,598

(859)

Creditors: amounts falling due after more than one year

(135)

(1,169)

Provisions for liabilities

(36)

(59)

1,427

(2,087)

Capital and reserves

Called up share capital

Profit and loss account

1,418

(2,096)

Shareholders' funds

1,427

(2,087)

NORTHCROSS EDUCATION SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 January 2017

Mr N Milton

Director

Company Registration No. 04469720

The notes on pages 3 - 4 form part of these financial statements.

NORTHCROSS EDUCATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

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).

1.2

Compliance with and departure from accounting standards

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

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.3

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax supplied to customers during the year. income is recognised when services are completed to the extent that the customer has an obligation to pay all or part of the contract sums.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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, as follows:

Plant and machinery

15% on cost

Fixtures, fittings & equipment

33% on cost

1.6

Pensions

The company operates a pension scheme for the benefit of some of its employees. The scheme is a defined contribution scheme, and the contributions are charged against profits as they are paid.

1.7

Deferred taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely then not that there will be suitable taxable profits from which the future reversal of the underlying timing difference can be deducted.

Deferred tax is measured on a nondiscounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

NORTHCROSS EDUCATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2015 & at 30 June 2016

615

5,910

6,525

Depreciation

At 1 July 2015

615

5,616

6,231

Charge for the year

114

At 30 June 2016

615

5,730

6,345

Net book value

At 30 June 2016

180

At 30 June 2015

294

Share capital

2016

2015

Allotted, called up and fully paid

5 A ordinary shares of £1 each

4 B ordinary shares of £1 each

The shares rank pari passu in all aspects.

Related party relationships and transactions

Director loans

During the year, the company made loans to directors as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Directors Loan

3,455

10,655

15,153

(1,043)

3,455

10,655

15,153

(1,043)