NUNEATON_SIGNS_LIMITED - Accounts

NUNEATON SIGNS LIMITED - Company Information

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Company Registration No. 07207123 (England and Wales)

NUNEATON SIGNS LIMITED

COMPANY LIMITED BY GUARANTEE

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

NUNEATON SIGNS LIMITED

COMPANY LIMITED BY GUARANTEE

CONTENTS

Page

Directors' report

1-2

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NUNEATON SIGNS LIMITED

COMPANY LIMITED BY GUARANTEE

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

38,059

47,735

Current assets

Stocks

104,585

105,067

Debtors

538,083

467,111

Cash at bank and in hand

208,491

282,296

851,159

854,474

Creditors: amounts falling due within one year

(362,651)

(356,046)

Net current assets

488,508

498,428

Total assets less current liabilities

526,567

546,163

Creditors: amounts falling due after more than one year

(11,704)

(8,384)

514,863

537,779

Capital and reserves

Other reserves

612,062

Profit and loss account

(97,199)

(74,283)

Shareholders' funds

514,863

537,779

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 June 2014

Mr J D Harris - Chairman

Company Registration No. 07207123

NUNEATON SIGNS LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% Straight line

Fixtures, fittings & equipment

20% Straight line

Motor vehicles

25% Straight line

1.5

Government Grants

Grants are credited to other income. Government Grants in the forms of financial incentives are credited to the profit and loss account in the period to which they relate. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the related assets.

NUNEATON SIGNS LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

213,685

Additions

23,431

Disposals

(16,250)

At 31 March 2014

220,866

Depreciation

At 1 April 2013

165,950

On disposals

(16,250)

Charge for the year

33,107

At 31 March 2014

182,807

Net book value

At 31 March 2014

38,059

At 31 March 2013

47,735

Related party relationships and transactions

Other transactions

The company has no called up share capital. It is limited by guarantee of the members for such amounts as may be required, not exceeding one pound per member.