Abbreviated Company Accounts - NICHOLAS PERCIVAL LIMITED

NICHOLAS PERCIVAL LIMITED - Company Information

Registered Number 08166501

NICHOLAS PERCIVAL LIMITED

Abbreviated Accounts

31 August 2016

NICHOLAS PERCIVAL LIMITED Registered Number 08166501

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	600,000	637,500
Tangible assets	3	31,476	33,360
		631,476	670,860
Current assets
Stocks		62,750	68,500
Debtors		92,658	47,753
Cash at bank and in hand		1,401,517	1,193,315
		1,556,925	1,309,568
Creditors: amounts falling due within one year		(1,863,722)	(1,747,833)
Net current assets (liabilities)		(306,797)	(438,265)
Total assets less current liabilities		324,679	232,595
Total net assets (liabilities)		324,679	232,595
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		323,679	231,595
Shareholders' funds		324,679	232,595

For the year ending 31 August 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 13 February 2017

And signed on their behalf by:
N.J. Percival, Director

NICHOLAS PERCIVAL LIMITED Registered Number 08166501

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & machinery - 20% straight line
Motor vehicles - 25% straight line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - 5% straight line

2Intangible fixed assets

	£
Cost
At 1 September 2015	750,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	750,000
Amortisation
At 1 September 2015	112,500
Charge for the year	37,500
On disposals	-
At 31 August 2016	150,000
Net book values
At 31 August 2016	600,000
At 31 August 2015	637,500

3Tangible fixed assets

	£
Cost
At 1 September 2015	54,963
Additions	22,238
Disposals	(18,200)
Revaluations	-
Transfers	-
At 31 August 2016	59,001
Depreciation
At 1 September 2015	21,603
Charge for the year	10,472
On disposals	(4,550)
At 31 August 2016	27,525
Net book values
At 31 August 2016	31,476
At 31 August 2015	33,360