Abbreviated Company Accounts - NORTHBROOK BUSINESS PARK LIMITED

NORTHBROOK BUSINESS PARK LIMITED - Company Information

Registered Number NI034591

NORTHBROOK BUSINESS PARK LIMITED

Abbreviated Accounts

31 March 2014

NORTHBROOK BUSINESS PARK LIMITED Registered Number NI034591

Abbreviated Balance Sheet as at 31 March 2014

	2014	2013
	£	£
Current assets
Stocks	3,830,152	3,927,185
Debtors	2,223,096	2,216,627
Cash at bank and in hand	147	147
	6,053,395	6,143,959
Creditors: amounts falling due within one year	(3,863,124)	(3,912,206)
Net current assets (liabilities)	2,190,271	2,231,753
Total assets less current liabilities	2,190,271	2,231,753
Total net assets (liabilities)	2,190,271	2,231,753
Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	2,189,271	2,230,753
Shareholders' funds	2,190,271	2,231,753

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 28 July 2014

And signed on their behalf by:
C Henry, Director

NORTHBROOK BUSINESS PARK LIMITED Registered Number NI034591

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value. Cost is defined as that expenditure which has been incurred in bringing the product/service to its present location and condition. Net realisable value is based on normal selling price, less further costs expected to be incurred to completion and disposal.

Other accounting policies
Taxation
The yearly charge for taxation is based on the profit for the year and is calculated with reference to the tax rates applying at the balance sheet date.

Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern.