N.B. ILLUSTRATION LIMITED - Period Ending 2014-07-31

Registration number: 04036209

N.B. ILLUSTRATION LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

LEIGH & Co.
3 Shelbourne Close
Pinner
Middlesex
HA5 3AF

N.B. ILLUSTRATION LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
N.B. ILLUSTRATION LIMITED
for the Year Ended 31 July 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N.B. ILLUSTRATION LIMITED for the year ended 31 July 2014 set out on pages 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 Board of Directors of N.B. ILLUSTRATION LIMITED, as a body, in accordance with the terms of our engagement letterdated 19 March 2008. Our work has been undertaken solely to prepare for your approval the accounts of N.B. ILLUSTRATION LIMITED and state those matters that we have agreed to state to them, as a body, 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 N.B. ILLUSTRATION LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that N.B. ILLUSTRATION LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of N.B. ILLUSTRATION LIMITED. You consider that N.B. ILLUSTRATION 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 accounts of N.B. ILLUSTRATION 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 accounts.

......................................

LEIGH & Co.
3 Shelbourne Close
Pinner
Middlesex
HA5 3AF

30 October 2014

Page 1

N.B. ILLUSTRATION LIMITED
(Registration number: 04036209)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,935			2,581
Current assets
Debtors					55,466			130,878
Cash at bank and in hand					57,677			68,915
					113,143			199,793
Creditors: Amounts falling due within one year					(101,003)			(170,766)
Net current assets					12,140			29,027
Net assets					14,075			31,608
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					14,072			31,605
Shareholders' funds					14,075			31,608

For the year ending 31 July 2014 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 8 October 2014 and signed on its behalf by:

.........................................
Mr Paul L Najman
Director

.........................................
Mr Joseph A Najman
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

N.B. ILLUSTRATION LIMITED
(Registration number: 04036209)
Abbreviated Balance Sheet at 31 July 2014
......... continued

.........................................
Mrs Charlotte E B Dowson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

N.B. ILLUSTRATION LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% reducing balance basis

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

N.B. ILLUSTRATION LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2013		13,068			13,068
At 31 July 2014		13,068			13,068
Depreciation
At 1 August 2013		10,487			10,487
Charge for the year		646			646
At 31 July 2014		11,133			11,133
Net book value
At 31 July 2014		1,935			1,935
At 31 July 2013		2,581			2,581

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		3			3			3			3

Page 5