Norton Michael Financial Management Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09126241 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2016

for

Norton Michael Financial Management

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Crampton

REGISTERED OFFICE:

18 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

REGISTERED NUMBER:

09126241 (England and Wales)

ACCOUNTANTS:

A A Shah Limited

Chartered Certified Accountants

34 Andover Close

Luton

LU4 9EQ

FIXED ASSETS

Tangible assets

2

1,101

919

CURRENT ASSETS

Debtors

6,197

889

Cash at bank and in hand

2,738

4,702

8,935

5,591

CREDITORS

Amounts falling due within one year

9,330

5,855

NET CURRENT LIABILITIES

(395

)

(264

)

TOTAL ASSETS LESS CURRENT LIABILITIES

706

655

PROVISIONS FOR LIABILITIES

220

184

NET ASSETS

486

471

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

484

469

SHAREHOLDERS' FUNDS

486

471

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 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 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 11 January 2017 and were signed by:

M Crampton - 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from

those of the company in an independently administered fund. Contributions payable for the year are charged in

the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

1,348

Additions

894

At 31 August 2016

2,242

DEPRECIATION

At 1 September 2015

429

Charge for year

712

At 31 August 2016

1,141

NET BOOK VALUE

At 31 August 2016

1,101

At 31 August 2015

919

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

1

Ordinary A

1.00

1

1

1

Ordinary B

1.00

1

1

2

2