Nomad Exhibitions (Ming) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC432512 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Nomad Exhibitions (Ming) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T J Pethick

REGISTERED OFFICE:

Wisharts Warehouse

18 Shore Place

Edinburgh

EH6 6SW

REGISTERED NUMBER:

SC432512 (Scotland)

ACCOUNTANTS:

Bennett and Co

Chartered Accountants

25 Lanark Road

Edinburgh

EH14 1TG

FIXED ASSETS

Tangible assets

2

29,748

59,498

CURRENT ASSETS

Stocks

150,992

148,269

Debtors

104,015

71,784

Cash at bank

15,700

580

270,707

220,633

CREDITORS

Amounts falling due within one year

(296,611

)

(270,683

)

NET CURRENT LIABILITIES

(25,904

)

(50,050

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,844

9,448

PROVISIONS FOR LIABILITIES

(5,950

)

(9,289

)

NET (LIABILITIES)/ASSETS

(2,106

)

159

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(2,107

)

158

SHAREHOLDERS' FUNDS

(2,106

)

159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 19 June 2017 and were signed by:

T J Pethick - 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

The turnover represents net invoiced sales of services 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.

Exhibition equipment

-

20% 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 recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

148,748

DEPRECIATION

At 1 November 2015

89,250

Charge for year

29,750

At 31 October 2016

119,000

NET BOOK VALUE

At 31 October 2016

29,748

At 31 October 2015

59,498

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

1

Ordinary

£1

1

1

4.	FLOATING CHARGE

The Royal Bank of Scotland PLC hold a floating charge over the assets of the company.

5.	GOING CONCERN

The accounts have been prepared on the going concern basis as the company relies on the continued financial

support of the director.