Abbreviated Company Accounts - ANDREW NEBBETT ANTIQUES LIMITED

ANDREW NEBBETT DESIGNS LIMITED - Company Information

04364049 ANDREW NEBBETT ANTIQUES LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 04364049 2015-08-01 2016-07-31 04364049 2016-07-31 04364049 2015-07-31 04364049 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 04364049 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 04364049

ANDREW NEBBETT ANTIQUES LIMITED

Abbreviated Accounts

31 July 2016

ANDREW NEBBETT ANTIQUES LIMITED Registered Number 04364049

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	16,791	21,370
Investments	3	9,300	40,614
		26,091	61,984
Current assets
Debtors		8,157	9,156
		8,157	9,156
Creditors: amounts falling due within one year		(1,596)	(977)
Net current assets (liabilities)		6,561	8,179
Total assets less current liabilities		32,652	70,163
Provisions for liabilities		(2,092)	(4,274)
Total net assets (liabilities)		30,560	65,889
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		30,558	65,887
Shareholders' funds		30,560	65,889

For the year ending 31 July 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 April 2017

And signed on their behalf by:
Mr A Nebbett, Director

ANDREW NEBBETT ANTIQUES LIMITED Registered Number 04364049

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
1.1 Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2 Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services and a profit share from the associated partnership, Andrew Nebbett Antiques.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, Fittings & Equipment 15% Straight Line

2Tangible fixed assets

	£
Cost
At 1 August 2015	30,528
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	30,528
Depreciation
At 1 August 2015	9,158
Charge for the year	4,579
On disposals	-
At 31 July 2016	13,737
Net book values
At 31 July 2016	16,791
At 31 July 2015	21,370

3Fixed assets Investments
4. Interest in associated partnership

Cost & Net book value
At 1 August 2015 £40,614
Drawings (£31,314)

At 31 July 2016 £9,300

The company has in interest in "Andrew Nebbett Antiques", a partnership with Mr & Mrs A D B Nebbett and Mr D Bradbury (place of business - Faraway Farm, Honiton, Devon, EX14 3TZ) with a principal activity of Antique Dealers.

The above interest in associated partnership is represented by the capital account and current account balances due to the company in the partnership accounts.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2