| N21 Limited |
| Registered number: |
04615294 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
- |
|
|
1 |
| Tangible assets |
3 |
|
|
24,206 |
|
|
22,178 |
| Investments |
4 |
|
|
50 |
|
|
50 |
|
|
|
|
24,256 |
|
|
22,229 |
|
| Current assets |
| Debtors |
|
|
326,123 |
|
|
330,786 |
| Cash at bank and in hand |
|
|
156,604 |
|
|
66,126 |
|
|
|
482,727 |
|
|
396,912 |
|
| Creditors: amounts falling due within one year |
|
|
(170,508) |
|
|
(141,357) |
|
| Net current assets |
|
|
|
312,219 |
|
|
255,555 |
|
| Total assets less current liabilities |
|
|
|
336,475 |
|
|
277,784 |
|
|
| Provisions for liabilities |
|
|
|
(4,841) |
|
|
(4,436) |
|
| Net assets |
|
|
|
331,634 |
|
|
273,348 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
330,634 |
|
|
272,348 |
|
| Shareholders' funds |
|
|
|
331,634 |
|
|
273,348 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| …………………………………………… |
|
| Mr N A Robbins |
| Director |
| Approved by the board on 22 December 2014 |
|
| N21 Limited |
| Notes to the Abbreviated unaudited financial statements |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The unaudited financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Going Concern |
|
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Consolidation |
|
The company is the parent company in a small sized group, and has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare consolidated accounts. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment, fixtures and fittings |
25% straight line |
|
|
Intangible assets |
|
Intangible fixed assets comprise of web site costs capitalised. These are shown in the financial
statements at cost.
|
|
|
Intangible assets are amortised through the profit and loss account in equal instalments over 5 years which is estimated to be the useful life of the asset. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the unaudited financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Leasing and hire purchase commitments |
|
Rentals under operating leases are charged to the profit and loss account as they fall due. |
|
|
Investments |
|
Investments held as fixed assets are stated at cost less provision for permanent diminution in value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
5,000 |
|
At 31 March 2014 |
5,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2013 |
5,000 |
|
At 31 March 2014 |
5,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
80,401 |
|
Additions |
21,796 |
|
Disposals |
(9,351) |
|
At 31 March 2014 |
92,846 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
58,223 |
|
Charge for the year |
11,141 |
|
On disposals |
(724) |
|
At 31 March 2014 |
68,640 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
24,206 |
|
At 31 March 2013 |
22,178 |
|
|
|
|
|
|
|
|
| 4 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2013 |
50 |
|
|
At 31 March 2014 |
50 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Eight Central Limited |
Ordinary |
50 |
|
12,423 |
|
25,823 |
|
| 5 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
