Newline Chandlery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04354827 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2014

for

Newline Chandlery Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N R Turner

SECRETARY:

REGISTERED OFFICE:

The Regent

Chapel Street

Penzance

Cornwall

TR18 4AE

REGISTERED NUMBER:

04354827 (England and Wales)

FIXED ASSETS

Tangible assets

2

5,394

2,967

CURRENT ASSETS

Stocks

8,325

8,325

Debtors

12,925

20,891

Cash at bank and in hand

3,752

3,837

25,002

33,053

CREDITORS

Amounts falling due within one year

(28,185

)

(36,014

)

NET CURRENT LIABILITIES

(3,183

)

(2,961

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,211

6

CREDITORS

Amounts falling due after more than one year

(1,186

)

-

NET ASSETS

1,025

6

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

1,023

4

SHAREHOLDERS' FUNDS

1,025

6

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 20th November 2014 and were signed by:

N R Turner - 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

5,238

Additions

6,495

Disposals

(4,000

)

At 31st March 2014

7,733

DEPRECIATION

At 1st April 2013

2,271

Charge for year

1,818

Eliminated on disposal

(1,750

)

At 31st March 2014

2,339

NET BOOK VALUE

At 31st March 2014

5,394

At 31st March 2013

2,967

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

2

Ordinary

1

2

2