Accounts filed on 28-02-2015


Registered number: 8876624






NAP Louth Ltd


ABBREVIATED ACCOUNTS

FOR THE 389 DAY PERIOD ENDED 28/02/2015
























Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5EP


ABBREVIATED ACCOUNTS


FOR THE 389 DAY PERIOD ENDED 28/02/2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 8876624


Registered Number: 8876624

BALANCE SHEET AT 28/02/2015

			2015
	Notes		£

FIXED ASSETS
Tangible assets	2		6,548

CURRENT ASSETS
Stock		2,000
Debtors (amounts falling due within one year)	3	103,501
Cash at bank and in hand		13,130
		118,631
CREDITORS: Amounts falling due within one year		129,727
NET CURRENT LIABILITIES			(11,096)
TOTAL ASSETS LESS CURRENT LIABILITIES			(4,548)


PROVISIONS FOR LIABILITIES			1,310

NET LIABILITIES			(5,858)

CAPITAL AND RESERVES

Called up share capital	4		1
Profit and loss account			(5,859)
SHAREHOLDERS' FUNDS			(5,858)

For the year ending 28/02/2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 21/04/2016 and signed on their behalf by




Charlotte Fenwick
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Going Concern
The accounts have been prepared on the going concern basis. This may not be appropriate as the deficit on assets was £5,858 for the period ended 28th February 2015, however the Director was owed £76,064 at the year end and will continue to support the Company.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS				2015
				£

Amounts falling due within one year:
Trade debtors				90,772
Other debtors				12,729
				103,501




4. SHARE CAPITAL				2015
				£
Allotted, issued and fully paid:
1 Ordinary shares of £1.00 each				1.00
				1

New shares issued during period:
1 Ordinary shares of £1.00 each				1.00
				1




5. CONTROLLING PARTY
The Directors are considered the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the Company