Company Registration No. 05382234 (England and Wales)
Northern Diamond Sales ltd
Abbreviated unaudited accounts
for the year ended 31 March 2016
Northern Diamond Sales ltd
Abbreviated Balance Sheet
as at 31 March 2016
Tangible assets
7,863
3,480
Cash at bank and in hand
10,377
18,624
Creditors: amounts falling due within one year
(102,674)
(91,314)
Net current (liabilities)/assets
(7,655)
4,134
Total assets less current liabilities
208
7,614
Creditors: amounts falling due after more than one year
(1,354)
-
Net (liabilities)/assets
(1,146)
7,614
Profit and loss account
(1,150)
7,610
Total shareholders' funds
(1,146)
7,614
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 24 October 2016
D Senior
Director
Company Registration No. 05382234
Northern Diamond Sales ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
2
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
At 1 April 2015
5,182
-
5,182
At 31 March 2016
5,686
6,500
12,186
At 1 April 2015
1,702
-
1,702
Charge for the year
996
1,625
2,621
At 31 March 2016
2,698
1,625
4,323
At 31 March 2016
2,988
4,875
7,863
At 31 March 2015
3,480
-
3,480
