NIRTC Limited - Period Ending 2014-09-30

Registration number: NI069672

NIRTC Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Hamilton Morris Waugh Limited
Chartered Accountants
34 Dufferin Avenue
Bangor
Co. Down
BT20 3AA

NIRTC 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.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
NIRTC Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NIRTC Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compliation of financial statements.

This report is made solely to the Board of Directors of NIRTC 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 NIRTC Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NIRTC Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NIRTC 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 loss of NIRTC Limited. You consider that NIRTC 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 NIRTC 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.

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

Hamilton Morris Waugh Limited
Chartered Accountants
34 Dufferin Avenue
Bangor
Co. Down
BT20 3AA

26 November 2014

Page 1

NIRTC Limited
(Registration number: NI069672)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					55			73
Current assets
Debtors					2,400			9,389
Cash at bank and in hand					6,587			1,370
					8,987			10,759
Creditors: Amounts falling due within one year					(9,458)			(10,592)
Net current (liabilities)/assets					(471)			167
Net (liabilities)/assets					(416)			240
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(417)			239
Shareholders' (deficit)/funds					(416)			240

For the year ending 30 September 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 his 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 26 November 2014

.........................................
Mr Steven Brownlee
Director

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

NIRTC Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

At the balance sheet date the company had net liabilities of £366. These accounts have been prepared on a going concern basis as the directors have expressed their intention to continue to support the company for the forseeable future.

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

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		174			174
At 30 September 2014		174			174
Depreciation
At 1 October 2013		101			101
Charge for the year		18			18
At 30 September 2014		119			119
Net book value
At 30 September 2014		55			55
At 30 September 2013		73			73

Page 3

NIRTC Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

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

Page 4