NRG Telecom Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04484238 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

NRG TELECOM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M. J. Scott

SECRETARY:

Mrs C. L. Scott

REGISTERED OFFICE:

28 Bagslate Moor Road

Norden

Rochdale

Lancashire

OL11 5XT

REGISTERED NUMBER:

04484238 (England and Wales)

ACCOUNTANTS:

Wyatt, Morris, Golland Ltd

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

2

1,614

2,018

CURRENT ASSETS

Debtors

3,505

4,783

Cash at bank

3,069

4,003

6,574

8,786

CREDITORS

Amounts falling due within one year

68,714

63,441

NET CURRENT LIABILITIES

(62,140

)

(54,655

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,526

)

(52,637

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(60,528

)

(52,639

)

SHAREHOLDERS' FUNDS

(60,526

)

(52,637

)

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 11 July 2016 and were signed by:

M. J. Scott - 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

34,264

DEPRECIATION

At 1 November 2014

32,246

Charge for year

404

At 31 October 2015

32,650

NET BOOK VALUE

At 31 October 2015

1,614

At 31 October 2014

2,018

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

4.	GOING CONCERN

Although the company is showing an insolvent position at 31 October 2015, the director will continue to assist

the company financially by not withdrawing monies owed to him on the directors loan account until such time as

the company has positive cash reserves. The accounts have therefore been prepared on the going concern basis.