Abbreviated Company Accounts - NGN LIMITED

Abbreviated Company Accounts - NGN LIMITED


Registered Number 05465376

NGN LIMITED

Abbreviated Accounts

31 May 2016

NGN LIMITED Registered Number 05465376

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 21,000 24,000
Tangible assets 3 12,532 201
33,532 24,201
Current assets
Stocks 20,200 18,600
Debtors 1,500 -
Cash at bank and in hand 19,280 19,759
40,980 38,359
Creditors: amounts falling due within one year (5,064) (62,289)
Net current assets (liabilities) 35,916 (23,930)
Total assets less current liabilities 69,448 271
Creditors: amounts falling due after more than one year (67,630) -
Total net assets (liabilities) 1,818 271
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,718 171
Shareholders' funds 1,818 271
  • For the year ending 31 May 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 28 February 2017

And signed on their behalf by:
NAVARATNAM, Gunaratnam, Director

NGN LIMITED Registered Number 05465376

Notes to the Abbreviated Accounts for the period ended 31 May 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 April 2008.

2Intangible fixed assets
£
Cost
At 1 June 2015 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 30,000
Amortisation
At 1 June 2015 6,000
Charge for the year 3,000
On disposals -
At 31 May 2016 9,000
Net book values
At 31 May 2016 21,000
At 31 May 2015 24,000
3Tangible fixed assets
£
Cost
At 1 June 2015 1,812
Additions 15,120
Disposals -
Revaluations -
Transfers -
At 31 May 2016 16,932
Depreciation
At 1 June 2015 1,611
Charge for the year 2,789
On disposals -
At 31 May 2016 4,400
Net book values
At 31 May 2016 12,532
At 31 May 2015 201