Norbay Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: NI039489 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

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

1,339

1,306

CURRENT ASSETS

Stocks

36,150

40,918

Cash at bank and in hand

49,327

38,842

85,477

79,760

CREDITORS

Amounts falling due within one year

20,423

15,696

NET CURRENT ASSETS

65,054

64,064

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,393

65,370

CAPITAL AND RESERVES

Called up share capital

3

300

Profit and loss account

66,093

65,070

SHAREHOLDERS' FUNDS

66,393

65,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 19 February 2016 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 January

2015).

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 2014

11,106

Additions

367

At 31 October 2015

11,473

DEPRECIATION

At 1 November 2014

9,800

Charge for year

334

At 31 October 2015

10,134

NET BOOK VALUE

At 31 October 2015

1,339

At 31 October 2014

1,306

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

300

Ordinary

£1

300