Nicola Green Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07618552 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Nicola Green Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss N N Green

SECRETARY:

Sir M Green

REGISTERED OFFICE:

38 Lansdowne Gardens

London

SW8 2EF

REGISTERED NUMBER:

07618552 (England and Wales)

ACCOUNTANTS:

McDermott & Co

Chartered Accountants

1 -9 Hardwick's Square

London

SW18 4AW

FIXED ASSETS

Tangible assets

2

3,344

692

CURRENT ASSETS

Stocks

15,000

Debtors

8,957

457

Cash at bank

69,449

39,887

93,406

55,344

CREDITORS

Amounts falling due within one year

55,068

36,097

NET CURRENT ASSETS

38,338

19,247

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,682

19,939

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

41,582

19,839

SHAREHOLDERS' FUNDS

41,682

19,939

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 her 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 9 February 2017 and were signed by:

Miss N N Green - Director

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 reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,506

Additions

4,322

At 31 May 2016

5,828

DEPRECIATION

At 1 June 2015

814

Charge for year

1,670

At 31 May 2016

2,484

NET BOOK VALUE

At 31 May 2016

3,344

At 31 May 2015

692

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

1

100