Newcroft Training Limited - Period Ending 2014-02-28

Registration number: 05373573

Newcroft Training Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

Douglas Charlton Accountants
127 Stock Road
Billericay
Essex
CM12 0RP

Newcroft Training Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Newcroft Training Limited
for the Year Ended 28 February 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Newcroft Training Limited for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Newcroft Training Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Newcroft Training Limited . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newcroft Training Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Newcroft Training Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Newcroft Training Limited. You consider that Newcroft Training Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Newcroft Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Douglas Charlton Accountants
127 Stock Road
Billericay
Essex
CM12 0RP

13 October 2014

Page 1

Newcroft Training Limited
(Registration number: 05373573)
Abbreviated Balance Sheet at 28 February 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					57,887			15,215
Current assets
Debtors					52,684			43,789
Cash at bank and in hand					11,052			22,879
					63,736			66,668
Creditors: Amounts falling due within one year					(46,518)			(47,765)
Net current assets					17,218			18,903
Total assets less current liabilities					75,105			34,118
Provisions for liabilities					(3,041)			(3,041)
Net assets					72,064			31,077
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					72,061			31,074
Shareholders' funds					72,064			31,077

For the year ending 28 February 2014 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 director acknowledges her 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 director on 19 November 2014

.........................................
Mrs. K Croft
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Newcroft Training Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance
Office equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Newcroft Training Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2013		34,163			34,163
Additions		61,967			61,967
At 28 February 2014		96,130			96,130
Depreciation
At 1 March 2013		18,948			18,948
Charge for the year		19,295			19,295
At 28 February 2014		38,243			38,243
Net book value
At 28 February 2014		57,887			57,887
At 28 February 2013		15,215			15,215

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		3			3			3			3

Page 4