N.W.S. Services UK Limited - Abbreviated accounts 16.1

N.W.S. Services UK Limited - Abbreviated accounts 16.1

N.W.S. SERVICES UK LIMITED - Company Information

Print Friendly Version

05693659 1.3.15 29.2.16 29.2.16 Company accounts Private Limited Company FY true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure056936592015-02-28056936592016-02-29056936592015-03-012016-02-29056936592014-02-28056936592014-03-012015-02-28056936592015-02-2805693659ns12:England2015-03-012016-02-2905693659ns14:PoundSterling2015-03-012016-02-2905693659ns7:Director12015-03-012016-02-2905693659ns7:OrdinaryShareClass12015-03-012016-02-2905693659ns7:CompanySecretary2015-03-012016-02-2905693659ns7:RegisteredOffice2015-03-012016-02-2905693659ns7:EntityAccountantsOrAuditors2015-03-012016-02-2905693659ns5:LandBuildingsns5:OwnedOrFreeholdTangibleFixedAssets2015-03-012016-02-2905693659ns5:ImprovementsOrDevelopmentAssets2015-03-012016-02-2905693659ns5:PlantMachinery2015-03-012016-02-2905693659ns7:OrdinaryShareClass12016-02-2905693659ns7:OrdinaryShareClass12015-02-28
REGISTERED NUMBER: 05693659 (England and Wales)















N.W.S. SERVICES UK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016





Hall Livesey Brown
Chartered Accountants & Business Advisors
HLB House
68 High Street
Tarporley
Cheshire
CW6 0AT








N.W.S. SERVICES UK LIMITED (REGISTERED NUMBER: 05693659)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

N.W.S. SERVICES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTOR: N W Shipley





SECRETARY: Mrs D Shipley





REGISTERED OFFICE: Midland Auto Factors
Shrewsbury Road
Market Drayton
Shropshire
TF9 3EW





REGISTERED NUMBER: 05693659 (England and Wales)





ACCOUNTANTS: Hall Livesey Brown
Chartered Accountants & Business Advisors
HLB House
68 High Street
Tarporley
Cheshire
CW6 0AT
Page 1
N.W.S. SERVICES UK LIMITED (REGISTERED NUMBER: 05693659)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 687,257 287,164

CURRENT ASSETS
Stocks 299,302 193,841
Debtors 21,481 17,689
Investments - 21,030
Cash at bank and in hand 64,211 65,213
384,994 297,773
CREDITORS
Amounts falling due within one year 3 395,744 320,520
NET CURRENT LIABILITIES (10,750 ) (22,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
676,507
264,417

CREDITORS
Amounts falling due after more than one
year
3
(544,780
)
(166,184
)

PROVISIONS FOR LIABILITIES (868 ) -
NET ASSETS 130,859 98,233

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 130,858 98,232
SHAREHOLDERS' FUNDS 130,859 98,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
N.W.S. SERVICES UK LIMITED (REGISTERED NUMBER: 05693659)

ABBREVIATED BALANCE SHEET - continued
29 FEBRUARY 2016


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 24 February 2017 and were signed by:





N W Shipley - Director


The notes form part of these abbreviated accounts

Page 3
N.W.S. SERVICES UK LIMITED (REGISTERED NUMBER: 05693659)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016


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.

Freehold property - 5% on cost
Improvements to property - 5% on cost
Plant and machinery - 20% on reducing balance

The director has changed the company accounting for freehold property and improvements. The
previous policy of charging a 5% straight line depreciation was deemed excessive and the directors
feel that the value of all of the company property is actually increasing.

Accordingly no depreciation will be charged on freehold property and improvements after 1 March
2015. In the current year this has resulted in a reduction of the depreciation charge against profits for
the year amounting to £38,200.

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

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 March 2015 371,200
Additions 401,178
At 29 February 2016 772,378
DEPRECIATION
At 1 March 2015 84,036
Charge for year 1,085
At 29 February 2016 85,121
NET BOOK VALUE
At 29 February 2016 687,257
At 28 February 2015 287,164

Page 4 continued...
N.W.S. SERVICES UK LIMITED (REGISTERED NUMBER: 05693659)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2016


3. CREDITORS

Creditors include an amount of £ 545,657 (2015 - £ 148,184 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016 2015
£    £   
Repayable otherwise than by instalments 18,000 18,000
Repayable by instalments 425,771 148,184
443,771 166,184

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
N.W.S. SERVICES UK LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of N.W.S. Services UK Limited for the year ended 29 February 2016 which comprise
the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records
and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of N.W.S. Services UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N.W.S. Services UK Limited and state those matters that we have agreed to state to the director of N.W.S. Services UK Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that N.W.S. Services UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N.W.S. Services UK Limited. You consider that N.W.S. Services UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N.W.S. Services UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hall Livesey Brown
Chartered Accountants & Business Advisors
HLB House
68 High Street
Tarporley
Cheshire
CW6 0AT


24 February 2017

This page does not form part of the abbreviated accounts

Page 6