Next Level Communications Limited - Limited company - abbreviated - 11.6

Next Level Communications Limited - Limited company - abbreviated - 11.6

NEXT LEVEL COMMUNICATIONS LIMITED - Company Information

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REGISTERED NUMBER: 03507613 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

Next Level Communications Limited

Next Level Communications Limited (Registered number: 03507613)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Next Level Communications Limited

COMPANY INFORMATION
for the Year Ended 31 March 2014







DIRECTOR: B J Staff





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 03507613 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP
Page 1
Next Level Communications Limited (Registered number: 03507613)

ABBREVIATED BALANCE SHEET
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 26,155 27,939

CURRENT ASSETS
Stocks 33,674 107,155
Debtors 3 195,264 242,438
Cash at bank 254,440 118,421
483,378 468,014
CREDITORS
Amounts falling due within one year 92,925 67,278
NET CURRENT ASSETS 390,453 400,736
TOTAL ASSETS LESS CURRENT LIABILITIES 416,608 428,675

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 416,606 428,673
SHAREHOLDERS' FUNDS 416,608 428,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 17 December 2014 and were signed by:





B J Staff - Director


The notes form part of these abbreviated accounts

Page 2
Next Level Communications Limited (Registered number: 03507613)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 the invoiced sale of goods and services net of value added tax. Income is recognised when projects are
completed or at intervals as contractually agreed.

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

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost or net realisable value after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is not recognised in respect of timing differences which have originated but not reversed at the balance sheet date since
the amount is not material.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 106,996
Additions 1,682
At 31 March 2014 108,678
DEPRECIATION
At 1 April 2013 79,057
Charge for year 3,466
At 31 March 2014 82,523
NET BOOK VALUE
At 31 March 2014 26,155
At 31 March 2013 27,939

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 181,466 (31.3.13 - £ 193,966 )

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
2 Ordinary £1 2 2

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 were paid to the directors .

Page 3 continued...
Next Level Communications Limited (Registered number: 03507613)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2014

5. RELATED PARTY DISCLOSURES - continued

The rent shown in the financial statements was paid to an associated company, Staff Properties Ltd.

Loans have been made to that company and at the balance sheet date that company owed £181,466 [2013 £193,966].

Page 4