Abbreviated Company Accounts - NEW ERA LOGISTICS LIMITED

NEW ERA LOGISTICS LIMITED - Company Information

Registered Number 07936734

NEW ERA LOGISTICS LIMITED

Abbreviated Accounts

28 February 2014

NEW ERA LOGISTICS LIMITED Registered Number 07936734

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,186	5,700
		4,186	5,700
Current assets
Stocks		50,000	-
Debtors		175,126	43,135
Cash at bank and in hand		7,859	14,603
		232,985	57,738
Creditors: amounts falling due within one year		(231,354)	(52,534)
Net current assets (liabilities)		1,631	5,204
Total assets less current liabilities		5,817	10,904
Total net assets (liabilities)		5,817	10,904
Capital and reserves
Called up share capital		300	100
Profit and loss account		5,517	10,804
Shareholders' funds		5,817	10,904

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 directors acknowledge their 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 Board on 28 November 2014

And signed on their behalf by:
David Nials, Director

NEW ERA LOGISTICS LIMITED Registered Number 07936734

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings, and equipment - 25% straight line

Motor vehicles - 25% straight line

Other accounting policies
Stock and work in progress

Work is progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 March 2013	6,859
Additions	247
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	7,106
Depreciation
At 1 March 2013	1,159
Charge for the year	1,761
On disposals	-
At 28 February 2014	2,920
Net book values
At 28 February 2014	4,186
At 28 February 2013	5,700