Company Registration No. 07776903 (England and Wales)
NSFR LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
NSFR LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NSFR LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,560
2,080
Current assets
Debtors
5,550
60,000
Cash at bank and in hand
58,275
79
63,825
60,079
Creditors: amounts falling due within one year
(43,530)
(48,232)
Net current assets
20,295
11,847
Total assets less current liabilities
21,855
13,927
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
21,854
13,926
Shareholders' funds
21,855
13,927
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 June 2017
Mr G D A Ropner
Director
Company Registration No. 07776903
NSFR LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
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
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
3,351
Depreciation
At 1 October 2015
1,271
Charge for the year
520
At 30 September 2016
1,791
Net book value
At 30 September 2016
1,560
At 30 September 2015
2,080
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
4
Ultimate parent company
The company is controlled by G D A Ropner the 100% shareholder and director.
5
Related party relationships and transactions
During the year Mr G D A Ropner had a loan from the company. Advances in the year amounted to £ 68,975 (201 5 : £ 66,770 ) with amounts repaid totalling £ 66,823 (201 5 : £ 70,148 ). The balance was £ 911 (201 5: £3,063) at the end of the year and is included in other creditors.a loan from the company. Advances in the year amounted to £68,975 (2015: £66,770) with amounts repaid totalling £66,823 (2015: £70,148). The balance was £911 (2015: £3,063) at the end of the year and is included in other creditors.
