Neon Freight Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08183715 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Neon Freight Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

1,370

1,713

CURRENT ASSETS

Debtors

68,900

21,255

Cash at bank

17,206

14,476

86,106

35,731

CREDITORS

Amounts falling due within one year

79,547

29,254

NET CURRENT ASSETS

6,559

6,477

TOTAL ASSETS LESS CURRENT LIABILITIES

7,929

8,190

PROVISIONS FOR LIABILITIES

274

-

NET ASSETS

7,655

8,190

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

7,654

8,189

SHAREHOLDERS' FUNDS

7,655

8,190

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 6 February 2017 and were signed on its behalf by:

Mr I Mallon - 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 and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore,

turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets

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

Computer equipment

-

20% on reducing balance

Deferred tax

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

date.

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 September 2015

and 31 August 2016

2,650

DEPRECIATION

At 1 September 2015

937

Charge for year

343

At 31 August 2016

1,280

NET BOOK VALUE

At 31 August 2016

1,370

At 31 August 2015

1,713

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1