N D Future Limited - Abbreviated accounts 16.3

N D Future Limited - Abbreviated accounts 16.3

N D FUTURE LIMITED - Company Information

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REGISTERED NUMBER: 01034847 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

N D Future Limited

N D Future Limited (Registered number: 01034847)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

N D Future Limited

Company Information
for the Year Ended 31 July 2016







DIRECTORS: R A Byass
Mrs J Byass





SECRETARY: Mrs J Byass





REGISTERED OFFICE: North Dalton Manor
North Dalton
Driffield
East Yorkshire
YO25 9UX





REGISTERED NUMBER: 01034847 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD
Page 1
N D Future Limited (Registered number: 01034847)

Abbreviated Balance Sheet
31 July 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,783 7,434
Investments 3 258,785 256,092
262,568 263,526

CURRENT ASSETS
Debtors 104 253
Cash at bank 114,526 125,648
114,630 125,901
CREDITORS
Amounts falling due within one year 3,577 21,473
NET CURRENT ASSETS 111,053 104,428
TOTAL ASSETS LESS CURRENT
LIABILITIES
373,621
367,954

PROVISIONS FOR LIABILITIES 757 1,487
NET ASSETS 372,864 366,467

CAPITAL AND RESERVES
Called up share capital 4 35,750 35,750
Profit and loss account 337,114 330,717
SHAREHOLDERS' FUNDS 372,864 366,467

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

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

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.

The notes form part of these abbreviated accounts

Page 2 continued...
N D Future Limited (Registered number: 01034847)

Abbreviated Balance Sheet - continued
31 July 2016


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 Board of Directors on 18 January 2017 and were signed on its behalf by:





R A Byass - Director


The notes form part of these abbreviated accounts

Page 3
N D Future Limited (Registered number: 01034847)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 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).

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.

Plant and machinery etc - 33% on cost and 10% on cost

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 1 August 2015
and 31 July 2016 37,374
DEPRECIATION
At 1 August 2015 29,940
Charge for year 3,651
At 31 July 2016 33,591
NET BOOK VALUE
At 31 July 2016 3,783
At 31 July 2015 7,434

Page 4 continued...
N D Future Limited (Registered number: 01034847)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 August 2015 256,092
Additions 49,818
Disposals (47,125 )
At 31 July 2016 258,785
NET BOOK VALUE
At 31 July 2016 258,785
At 31 July 2015 256,092

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
35,750 Ordinary £1 35,750 35,750

5. CONTROLLING PARTY

The company is controlled by Mr and Mrs R A Byass, the majority shareholders and directors.

Page 5