NINGIN_LIMITED - Accounts

NINGIN LIMITED - Company Information

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Company Registration No. 06218981 (England and Wales)

NINGIN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

NINGIN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NINGIN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

15,559

15,657

Current assets

Debtors

93,169

95,778

Cash at bank and in hand

375,157

293,705

468,326

389,483

Creditors: amounts falling due within one year

(43,469)

(41,447)

Net current assets

424,857

348,036

Total assets less current liabilities

440,416

363,693

Provisions for liabilities

(112)

(132)

440,304

363,561

Capital and reserves

Called up share capital

250

Revaluation reserve

(26,600)

Profit and loss account

440,054

389,911

Shareholders' funds

440,304

363,561

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 December 2016

Mr K S Sahota

Director

Company Registration No. 06218981

NINGIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services provided net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% per annum on a reducing balance basis.

Tangible fixed assets include investment land stated at cost less diminution in value.

1.5

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

NINGIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2015 & at 30 April 2016

16,675

Depreciation

At 1 May 2015

1,018

Charge for the year

At 30 April 2016

1,116

Net book value

At 30 April 2016

15,559

At 30 April 2015

15,657

Share capital

2016

2015

Allotted, called up and fully paid

100 'A' Ordinary shares of £1 each

100

50 'B' Ordinary shares of £1 each

50 'C' Ordinary shares of £1 each

50 'D' Ordinary shares of £1 each

250

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Director's current account

3.00

56,165

83,310

2,755

88,547

53,683

56,165

83,310

2,755

88,547

53,683