Newcroft Training Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05373573 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

Newcroft Training Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B C Norton

REGISTERED OFFICE:

35 Progress Road

Eastwood

Essex

SS9 5PR

REGISTERED NUMBER:

05373573 (England and Wales)

ACCOUNTANTS:

Macrays Accountants & Business Advisers

Lancaster House

Sopwith Crescent

Shotgate

Wickford

Essex

SS11 8YU

FIXED ASSETS

Tangible assets

4

80,547

42,534

CURRENT ASSETS

Debtors

88,444

28,447

Cash at bank

2,106

13,173

90,550

41,620

CREDITORS

Amounts falling due within one year

68,759

37,764

NET CURRENT ASSETS

21,791

3,856

TOTAL ASSETS LESS CURRENT LIABILITIES

102,338

46,390

CREDITORS

Amounts falling due after more than one year

(80,000

)

-

PROVISIONS FOR LIABILITIES

(15,188

)

(8,504

)

NET ASSETS

7,150

37,886

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

5

7,147

37,883

7,150

37,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 January 2018 and were signed by:

B C Norton - Director

1.	STATUTORY INFORMATION

Newcroft Training Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 29 February 2016

85,780

Additions

73,742

Disposals

(17,112

)

At 28 February 2017

142,410

DEPRECIATION

At 29 February 2016

43,246

Charge for year

26,906

Eliminated on disposal

(8,289

)

At 28 February 2017

61,863

NET BOOK VALUE

At 28 February 2017

80,547

At 28 February 2016

42,534

5.

RESERVES

Retained

earnings

£

At 29 February 2016

37,883

Deficit for the year

(30,736

)

At 28 February 2017

7,147