NewGenn Limited - Limited company - abbreviated

REGISTERED NUMBER: 04323850 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

NewGenn Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Doctor H Farmer

SECRETARY:

Doctor H Farmer

REGISTERED OFFICE:

4 Hereward Way Business Park

Harling Road

Roudham

Norfolk

NR16 2SR

REGISTERED NUMBER:

04323850 (England and Wales)

ACCOUNTANTS:

DB STRATEGIES LLP

Unit 1a Little Braxted Hall

Little Braxted

Essex

CM8 3EU

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

9,191

12,187

9,191

12,187

CURRENT ASSETS

Stocks

58,751

82,019

Debtors

35,859

25,540

Cash at bank

9,102

7,914

103,712

115,473

CREDITORS

Amounts falling due within one year

4

49,761

45,716

NET CURRENT ASSETS

53,951

69,757

TOTAL ASSETS LESS CURRENT
LIABILITIES

63,142

81,944

CREDITORS

Amounts falling due after more than one year

4

76,580

82,284

NET LIABILITIES

(13,438

)

(340

)

CAPITAL AND RESERVES

Called up share capital

5

17

Share premium

87,498

Profit and loss account

(100,953

)

(87,855

)

SHAREHOLDERS' FUNDS

(13,438

)

(340

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 12 May 2014 and were signed by:

Doctor H Farmer - 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.

Intangible assets

Amortisation is provided for Intellectual Property at the annual rate of 25% on cost to write off the asset over its

estimated useful life.

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

-

25% 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.

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

2,553

AMORTISATION

At 1 December 2012

and 30 November 2013

2,553

NET BOOK VALUE

At 30 November 2013

-

At 30 November 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

68,055

Additions

747

Disposals

(9,060

)

At 30 November 2013

59,742

DEPRECIATION

At 1 December 2012

55,868

Charge for year

3,063

Eliminated on disposal

(8,380

)

At 30 November 2013

50,551

NET BOOK VALUE

At 30 November 2013

9,191

At 30 November 2012

12,187

4.

CREDITORS

Creditors include an amount of £ 23,402 (30.11.12 - £ 28,835 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

1,600

Ordinary

1p

16

2

Ordinary B

.1

-

110

Ordinary C

1p

1

17

6.	RELATED PARTY DISCLOSURES

The ultimate controlling party is the Director, Dr H Farmer.

Included in creditors is an amount owed to the director of £25,642 (2012: £4,713).

NewGenn Limited - Limited company - abbreviated - 11.0.0

NewGenn Limited - Limited company - abbreviated - 11.0.0