Nomadic Thoughts Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02319249 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Nomadic Thoughts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J C P Vernon-Powell

SECRETARY:

J C P Vernon-Powell

REGISTERED OFFICE:

81 Brondesbury Road

London

NW6 6BB

REGISTERED NUMBER:

02319249 (England and Wales)

ACCOUNTANTS:

THC Accountancy Services Ltd

1 Golden Court

Richmond

Surrey

TW9 1EU

FIXED ASSETS

Tangible assets

2

12,180

15,352

CURRENT ASSETS

Debtors

30,537

11,053

Investments

246,089

342,962

Cash at bank

158,817

90,311

435,443

444,326

CREDITORS

Amounts falling due within one year

170,299

205,199

NET CURRENT ASSETS

265,144

239,127

TOTAL ASSETS LESS CURRENT
LIABILITIES

277,324

254,479

CAPITAL AND RESERVES

Called up share capital

3

30,000

Profit and loss account

247,324

224,479

SHAREHOLDERS' FUNDS

277,324

254,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 July 2016 and were signed by:

J C P Vernon-Powell - 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

-

25% on cost

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 January 2015

75,279

Additions

1,400

At 31 December 2015

76,679

DEPRECIATION

At 1 January 2015

59,927

Charge for year

4,572

At 31 December 2015

64,499

NET BOOK VALUE

At 31 December 2015

12,180

At 31 December 2014

15,352

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

29,999

Ordinary

1

29,999

1

Ordinary

1

30,000