NINGIN_LIMITED - Accounts

NINGIN LIMITED - Company Information

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Company Registration No. 06218981 (England and Wales)

NINGIN LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

NINGIN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NINGIN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

15,773

42,510

Current assets

Debtors

134,490

138,353

Cash at bank and in hand

196,373

139,210

330,863

277,563

Creditors: amounts falling due within one year

(40,668)

(42,454)

Net current assets

290,195

235,109

Total assets less current liabilities

305,968

277,619

Provisions for liabilities

(155)

(182)

305,813

277,437

Capital and reserves

Called up share capital

250

Revaluation reserve

(26,600)

Profit and loss account

332,163

277,187

Shareholders' funds

305,813

277,437

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 3 September 2014

Mr K S Sahota

Director

Company Registration No. 06218981

NINGIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 services provided net of VAT.

1.4

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

15% per annum on a reducing balance basis.

Tangible fixed assets include investment land stated at cost.

1.5

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

NINGIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 1 May 2013

43,275

Revaluation

(26,600)

At 1 May 2013 & at 30 April 2014

16,675

Depreciation

At 1 May 2013

765

Charge for the year

137

At 30 April 2014

902

Net book value

At 30 April 2014

15,773

At 30 April 2013

42,510

Share capital

2014

2013

Allotted, called up and fully paid

100 'A' Ordinary shares of £1 each

100

50 'B' Ordinary shares of £1 each

50 'C' Ordinary shares of £1 each

50 'D' Ordinary shares of £1 each

250