Noralle Traditional Country Homes Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05806357 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

NORALLE TRADITIONAL COUNTRY HOMES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B W Alsop

Mrs L Goring

C M Sharples

R Wilkes

SECRETARY:

Mrs L Goring

REGISTERED OFFICE:

Brooklands Cottage

Folly Lane

Napton

Southam

Warwickshire

CV47 8NZ

REGISTERED NUMBER:

05806357 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

2

46,372

37,669

CURRENT ASSETS

Stocks

186,397

293,933

Debtors

178,260

222,385

Cash at bank and in hand

101,998

117,439

466,655

633,757

CREDITORS

Amounts falling due within one year

206,894

359,425

NET CURRENT ASSETS

259,761

274,332

TOTAL ASSETS LESS CURRENT LIABILITIES

306,133

312,001

PROVISIONS FOR LIABILITIES

9,002

7,201

NET ASSETS

297,131

304,800

CAPITAL AND RESERVES

Called up share capital

3

816

1,175

Capital redemption reserve

(99,641

)

-

Profit and loss account

395,956

303,625

SHAREHOLDERS' FUNDS

297,131

304,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 October 2014 and were signed on its behalf by:

B W Alsop - 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 April 2008).

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 etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the Balance Sheet date to

pay more tax, or a right to pay less tax, at a future date at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

69,121

Additions

29,940

At 31 August 2014

99,061

DEPRECIATION

At 1 September 2013

31,452

Charge for year

21,237

At 31 August 2014

52,689

NET BOOK VALUE

At 31 August 2014

46,372

At 31 August 2013

37,669

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

666

Ordinary A

£1

666

1,000

(2013 - 1,000 )

150

Ordinary B

£1

150

150

NIL

Ordinary C

£1

-

25

816

1,175

4.	RELATED PARTY DISCLOSURES

Included in other creditors are loans made to the company by B W Alsop (director) amounting to £nil (2013

£204,550). Interest has been charged on the loans during the year amounting to £4,659.

The company operates from premises owned by B W Alsop (director), rent paid by the company during the year

amounted to £10,080 (2013 £10,080).