N.d. Bearings & Transmissions Ltd - Limited company - abbreviated

REGISTERED NUMBER: NI613127 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

N.d. Bearings & Transmissions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Dobie

N M Dobie

Mrs H M Dobie

SECRETARY:

REGISTERED OFFICE:

Unit 5, Seagoe Industrial Area

Portadown

Craigavon

Co. Armagh

BT63 5QD

REGISTERED NUMBER:

NI613127 (Northern Ireland)

ACCOUNTANTS:

John C Stewart & Co Ltd

Suite 5 Ormeau House

91 - 97 Ormeau Road

Belfast

BT7 1SH

FIXED ASSETS

Intangible assets

2

25,000

Tangible assets

3

6,349

8,709

31,349

33,709

CURRENT ASSETS

Stocks

89,238

107,162

Debtors

52,434

51,140

Cash at bank

616

3,824

142,288

162,126

CREDITORS

Amounts falling due within one year

(113,328

)

(132,828

)

NET CURRENT ASSETS

28,960

29,298

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,309

63,007

CAPITAL AND RESERVES

Called up share capital

4

50,000

Profit and loss account

10,309

13,007

SHAREHOLDERS' FUNDS

60,309

63,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 January 2015 and were signed on its behalf by:

N M Dobie - Director

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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its

expected useful life, as follows:

Fixtures, fittings and equipment - 10% straight line

Motor vehicle - 25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

25,000

NET BOOK VALUE

At 30 June 2014

25,000

At 30 June 2013

25,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

11,069

DEPRECIATION

At 1 July 2013

2,360

Charge for year

2,360

At 30 June 2014

4,720

NET BOOK VALUE

At 30 June 2014

6,349

At 30 June 2013

8,709

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

50,000

ordinary shares

1

50,000

N.d. Bearings & Transmissions Ltd - Limited company - abbreviated - 11.6

N.d. Bearings & Transmissions Ltd - Limited company - abbreviated - 11.6