C.Nielson & Son Limited - Period Ending 2016-04-30

Registration number: 00551484

C.Nielson & Son Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Robert M Humphry Limited
Chartered Accountants
2 East Street
Okehampton
Devon
EX20 1AS

C.Nielson & Son Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

C.Nielson & Son Limited
(Registration number: 00551484)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					229,246			173,931
Current assets
Debtors					414,183			514,199
Cash at bank and in hand					5,913			7,732
					420,096			521,931
Creditors: Amounts falling due within one year					(55,390)			(92,660)
Net current assets					364,706			429,271
Net assets					593,952			603,202
Capital and reserves
Called up share capital		3			10,100			10,100
Profit and loss account					583,852			593,102
Shareholders' funds					593,952			603,202

For the year ending 30 April 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 30 January 2017 and signed on its behalf by:

Dr Paul Christian Nielson
 Director

The notes on page 2 form an integral part of these financial statements.
Page 1

C.Nielson & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% Reducing balance basis
Motor vehicles	25% Reducing balance basis
Plant & machinery	20% Straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		176,401			176,401
Additions		65,370			65,370
At 30 April 2016		241,771			241,771
Depreciation
At 1 May 2015		2,470			2,470
Charge for the year		10,055			10,055
At 30 April 2016		12,525			12,525
Net book value
At 30 April 2016		229,246			229,246
At 30 April 2015		173,931			173,931

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		10,100			10,100			10,100			10,100

Page 2