Norton Godwin Ltd - Period Ending 2014-03-31

Registration number: 06519673

Norton Godwin Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Cannon & Co
Chartered Certified Accountants
1st Floor
12 Market Square
Sandwich
Kent
C13 9DG

Norton Godwin Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Norton Godwin Ltd
(Registration number: 06519673)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					517			393
Current assets
Debtors					-			2,345
Cash at bank and in hand					293			195
					293			2,540
Creditors: Amounts falling due within one year					(4,546)			(8,541)
Net current liabilities					(4,253)			(6,001)
Net liabilities					(3,736)			(5,608)
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					(3,746)			(5,618)
Shareholders' deficit					(3,736)			(5,608)

For the year ending 31 March 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 24 November 2014 and signed on its behalf by:

.........................................
Mr Howard Norton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Norton Godwin Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 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 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% straightline basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		800			800
Additions		329			329
At 31 March 2014		1,129			1,129
Depreciation
At 1 April 2013		407			407
Charge for the year		205			205
At 31 March 2014		612			612
Net book value
At 31 March 2014		517			517
At 31 March 2013		393			393

Page 2

Norton Godwin Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		10			10			10			10

Page 3