Richard Nicoll Limited - Abbreviated accounts 16.1

Richard Nicoll Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 04715622 (England and Wales)









Abbreviated Accounts

for the Year Ended 31 December 2015

for

Richard Nicoll Limited

Richard Nicoll Limited (Registered number: 04715622)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Richard Nicoll Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: Mrs R Lynch
Mr R P Nicoll





SECRETARY: Mrs R Lynch





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 04715622 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Richard Nicoll Limited (Registered number: 04715622)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £   
CURRENT ASSETS
Stocks - 15,594
Debtors 62,568 321,056
Cash at bank 45,967 39,262
108,535 375,912
CREDITORS
Amounts falling due within one year 392,720 704,477
NET CURRENT LIABILITIES (284,185 ) (328,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(284,185

)

(328,565

)

CREDITORS
Amounts falling due after more than one
year

1,087,395

1,087,395
NET LIABILITIES (1,371,580 ) (1,415,960 )

CAPITAL AND RESERVES
Called up share capital 2 150 150
Share premium 699,950 699,950
Other reserves 50,000 50,000
Profit and loss account (2,121,680 ) (2,166,060 )
SHAREHOLDERS' FUNDS (1,371,580 ) (1,415,960 )

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 directors acknowledge their 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.

Richard Nicoll Limited (Registered number: 04715622)

Abbreviated Balance Sheet - continued
31 December 2015


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 Board of Directors on 27 September 2016 and were signed on
its behalf by:





Mr R P Nicoll - Director


Richard Nicoll Limited (Registered number: 04715622)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

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.


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

Going concern
The financial statements have been prepared on a going concern basis. The validity of the going
concern basis of preparation is dependent on continued financial support from the company's
creditors. The financial statements do not include any adjustments which may be required from the
withdrawal of such financial support.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
15,000 Ordinary £0.01 150 150