Nicola Morrison Interiors Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07531813 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2016

for

Nicola Morrison Interiors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss N A Morrison

SECRETARY:

R D Hazell

REGISTERED OFFICE:

The Stables

Chestnut Farm

Cuxham

Watlington

Oxfordshire

OX49 5ND

REGISTERED NUMBER:

07531813 (England and Wales)

ACCOUNTANTS:

N R Bennett Ltd

The Stables

Chestnut Farm

Cuxham

Watlington

Oxfordshire

OX49 5ND

FIXED ASSETS

Tangible assets

2

4,586

5,707

CURRENT ASSETS

Debtors

8,058

20,052

Cash at bank

39,966

3,663

48,024

23,715

CREDITORS

Amounts falling due within one year

14,178

17,205

NET CURRENT ASSETS

33,846

6,510

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,432

12,217

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

38,431

12,216

SHAREHOLDERS' FUNDS

38,432

12,217

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 her 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 20 April 2017 and were signed by:

Miss N A Morrison - 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

12,235

DEPRECIATION

At 1 September 2015

6,528

Charge for year

1,121

At 31 August 2016

7,649

NET BOOK VALUE

At 31 August 2016

4,586

At 31 August 2015

5,707

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1

Ordinary

£1

1