Norbay Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: NI039489 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Norbay Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C R Currie

SECRETARY:

G McNicholl

REGISTERED OFFICE:

18 Market Road

Ballymena

BT43 6EL

REGISTERED NUMBER:

NI039489 (Northern Ireland)

ACCOUNTANTS:

J A McNicholl & Company Limited

Chartered Management Accountants

18 Market Road

Ballymena

BT43 6EL

BANKERS:

Ulster Bank Ltd

30 The Diamond

Coleraine

BT52 1DP

FIXED ASSETS

Tangible assets

2

1,306

1,358

CURRENT ASSETS

Stocks

40,918

38,063

Cash at bank and in hand

38,842

27,668

79,760

65,731

CREDITORS

Amounts falling due within one year

15,696

12,075

NET CURRENT ASSETS

64,064

53,656

TOTAL ASSETS LESS CURRENT LIABILITIES

65,370

55,014

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

65,070

54,714

SHAREHOLDERS' FUNDS

65,370

55,014

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 December 2014 and were signed by:

C R Currie - 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.

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 etc

-

20% on reducing balance

Stocks

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

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

10,831

Additions

275

At 31 October 2014

11,106

DEPRECIATION

At 1 November 2013

9,473

Charge for year

327

At 31 October 2014

9,800

NET BOOK VALUE

At 31 October 2014

1,306

At 31 October 2013

1,358

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

300

Ordinary

£1

300

300