Neath Tailoring Co. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07886933 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

NEATH TAILORING CO. LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

P R Moruzzi

R P Moruzzi

REGISTERED OFFICE:

Woodfield House

Castle Walk

Neath

West Glamorgan

SA11 3LN

REGISTERED NUMBER:

07886933 (England and Wales)

ACCOUNTANTS:

WBV Limited

The Third Floor,

Langdon House, Langdon Road

SA1 Swansea Waterfront

Swansea

West Glamorgan

SA1 8QY

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Neath Tailoring Co. Limited for the year ended 31 January 2016 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Neath Tailoring Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Neath Tailoring Co. Limited and state those matters that we have agreed to state to the Board of Directors of Neath Tailoring Co. Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Neath Tailoring Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Neath Tailoring Co. Limited. You consider that Neath Tailoring Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Neath Tailoring Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WBV Limited

The Third Floor,

Langdon House, Langdon Road

SA1 Swansea Waterfront

Swansea

West Glamorgan

SA1 8QY

26 October 2016

CURRENT ASSETS

Debtors

424

2,624

Cash at bank

5,390

139

5,814

2,763

CREDITORS

Amounts falling due within one year

9,112

4,012

NET CURRENT LIABILITIES

(3,298

)

(1,249

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,298

)

(1,249

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(3,300

)

(1,251

)

SHAREHOLDERS' FUNDS

(3,298

)

(1,249

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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.

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 26 October 2016 and were signed on its behalf by:

P R Moruzzi - 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 invoiced sales of services.

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 on the presumption that

continued support will be made available to the company from the shareholder, director and its

creditors to enable the company to meet its liabilities as they fall due.

Adjustments would have to be made to reduce the balance sheet value of assets to their recoverable

amounts and to provide for the further liabilities that might arise and to reclassify fixed assets and

any long-term liabilities as current assets and liabilities but such adjustments have not been made in

these financial statements.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2