Abbreviated Company Accounts - NORWEST PROJECTS LIMITED

Abbreviated Company Accounts - NORWEST PROJECTS LIMITED

NORWEST PROJECTS LIMITED - Company Information

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Registered Number 05414855

NORWEST PROJECTS LIMITED

Abbreviated Accounts

31 March 2014

NORWEST PROJECTS LIMITED Registered Number 05414855

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 85,583 13,603
85,583 13,603
Current assets
Debtors 298,962 108,742
Cash at bank and in hand 260 67,126
299,222 175,868
Creditors: amounts falling due within one year (103,545) (103,028)
Net current assets (liabilities) 195,677 72,840
Total assets less current liabilities 281,260 86,443
Creditors: amounts falling due after more than one year (68,472) (18,969)
Provisions for liabilities (14,060) -
Total net assets (liabilities) 198,728 67,474
Capital and reserves
Called up share capital 100 100
Profit and loss account 198,628 67,374
Shareholders' funds 198,728 67,474
  • 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 22 August 2014

And signed on their behalf by:
John Barlow, Director

NORWEST PROJECTS LIMITED Registered Number 05414855

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office equipment 25% straight line
Motor vehicles 25% straight line

2Tangible fixed assets
£
Cost
At 1 April 2013 60,650
Additions 83,104
Disposals (18,805)
Revaluations -
Transfers -
At 31 March 2014 124,949
Depreciation
At 1 April 2013 47,047
Charge for the year 11,124
On disposals (18,805)
At 31 March 2014 39,366
Net book values
At 31 March 2014 85,583
At 31 March 2013 13,603