Negotiation Workshop Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04221575 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Negotiation Workshop Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

DAS Bryson

SECRETARY:

SBM Bryson

REGISTERED OFFICE:

Kenton House

Oxford Street

MORETON IN MARSH

GL56 0LA

REGISTERED NUMBER:

04221575 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

MORETON IN MARSH

GL56 0LA

FIXED ASSETS

Tangible assets

2

474

258

CURRENT ASSETS

Debtors

36,836

40,368

Cash at bank

7,016

576

43,852

40,944

CREDITORS

Amounts falling due within one year

3,213

5,164

NET CURRENT ASSETS

40,639

35,780

TOTAL ASSETS LESS CURRENT LIABILITIES

41,113

36,038

CAPITAL AND RESERVES

Called up share capital

3

2

2

Retained earnings

41,111

36,036

SHAREHOLDERS' FUNDS

41,113

36,038

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

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

The director acknowledges his 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 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 director on 14 November 2016 and were signed by:

DAS Bryson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% 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 where transaction or events have occurred at that date that will result in an

obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more than likely

than not that there will be suitable taxable profits from which the future reversal of the underlying

timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantially

enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

9,533

Additions

449

At 31 May 2016

9,982

DEPRECIATION

At 1 June 2015

9,275

Charge for year

233

At 31 May 2016

9,508

NET BOOK VALUE

At 31 May 2016

474

At 31 May 2015

258

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

4.	RELATED PARTY DISCLOSURES

Included within debtors: amounts falling due within one year, is a director's current account in the

sum of £28,697 (2015 - £31,844). The account is unsecured, accrues interest at the HM Revenue and

Customs official rate and carries no fixed date of repayment.

5.	CONTROLLING PARTY