NETWORK ROAD SAFETY LIMITED

NETWORK ROAD SAFETY LIMITED

NETWORK ROAD SAFETY LIMITED - Company Information

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NETWORK ROAD SAFETY LIMITED

Company Registration Number:
06109797 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

NETWORK ROAD SAFETY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

NETWORK ROAD SAFETY LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 4,636 6,271
Total fixed assets: 4,636 6,271
Current assets
Debtors: 10,969 3,620
Cash at bank and in hand: 26,498 27,793
Total current assets: 37,467 31,413
Creditors: amounts falling due within one year: 4 (74,508) (72,668)
Net current assets (liabilities): (37,041) (41,255)
Total assets less current liabilities: (32,405) (34,984)
Total net assets (liabilities): (32,405) (34,984)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (32,407) (34,986)
Shareholders funds: (32,405) (34,984)

The notes form part of these financial statements

NETWORK ROAD SAFETY LIMITED

Balance sheet statements

For the year ending 31 March 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 08 December 2017
and signed on behalf of the board by:

Name: Mr David Ramsden
Status: Director

The notes form part of these financial statements

NETWORK ROAD SAFETY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Asset class Depreciation method and rateOffice Equipment 33% straight linePlant and machinery 15% reducing balanceFixtures and Fittings 15% reducing balance

Other accounting policies

Financial instrumentsClassificationThe following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans.

NETWORK ROAD SAFETY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 2016
Average number of employees during the period 1 1

NETWORK ROAD SAFETY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


3. Tangible Assets

Total
Cost £
At 01 April 2016 17,324
At 31 March 2017 17,324
Depreciation
At 01 April 2016 11,053
Charge for year 1,635
At 31 March 2017 12,688
Net book value
At 31 March 2017 4,636
At 31 March 2016 6,271

NETWORK ROAD SAFETY LIMITED


Notes to the Financial Statements


for the Period Ended 31 March 2017

4. Creditors: amounts falling due within one year note


Of the balance due to creditors, £67073 is due to the director.

NETWORK ROAD SAFETY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

5. Changes in presentation and prior period adjustments


Transition to FRS 102These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A for small entities. The date of transition is 1 April 2015.The transition to FRS 102 Section 1A for small entities has not resulted in any changes in accounting policies to those used previously.