Accounts filed on 28-02-2016


Registered number: 07963818






Nick Salisbury Associates Ltd


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28/02/2016
























Prepared By:
MacDougall & Co
Chartered Tax Advisers
3A Canberra House
London Road
St Albans
Herts
AL1 1LE


Nick Salisbury Associates Ltd


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 28/02/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 07963818


Registered Number: 07963818

BALANCE SHEET AT 28/02/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		293		391

CURRENT ASSETS
Stock		2,555		2,825
Cash at bank and in hand		12,526		17,934
		15,081		20,759
CREDITORS: Amounts falling due within one year		8,381		8,364
NET CURRENT ASSETS			6,700		12,395
TOTAL ASSETS LESS CURRENT LIABILITIES			6,993		12,786


PROVISIONS FOR LIABILITIES			59		78

NET ASSETS			6,934		12,708

CAPITAL AND RESERVES

Called up share capital	3		100		100
Profit and loss account			6,834		12,608
SHAREHOLDERS' FUNDS			6,934		12,708

For the year ending 28/02/2016 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 24/06/2016 and signed on their behalf by




Nick Salisbury
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 January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




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

Equipment		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. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




4. TRANSACTIONS WITH DIRECTORS
The dividends shown in these accounts were all paid to directors of the company.




5. CONTROLLING PARTY
The company is controlled by Mr Nick Salisbury and Mrs Judy Salisbury who each hold 50% of the issued share capital.