Needle Insights Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07620740 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

NEEDLE INSIGHTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Lukas O'Malley

REGISTERED OFFICE:

5th Floor The Margolis Building

37 Turner Street

Manchester

England

M4 1DW

REGISTERED NUMBER:

07620740 (England and Wales)

ACCOUNTANTS:

Tree Accountancy Limited

Chartered Certified Accountants

5th Floor

The Margolis Building

37 Turner Street

Manchester

M4 1DW

FIXED ASSETS

Tangible assets

2

1,403

1,039

CURRENT ASSETS

Debtors

2,400

5,720

Cash at bank

21,295

17,667

23,695

23,387

CREDITORS

Amounts falling due within one year

7,993

7,529

NET CURRENT ASSETS

15,702

15,858

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,105

16,897

CREDITORS

Amounts falling due after more than one year

-

12,682

NET ASSETS

17,105

4,215

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

17,104

4,214

SHAREHOLDERS' FUNDS

17,105

4,215

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 24 February 2017 and were signed by:

D Lukas O'Malley - 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 services, 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

-

20% 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

3,129

Additions

1,218

At 31 May 2016

4,347

DEPRECIATION

At 1 June 2015

2,090

Charge for year

854

At 31 May 2016

2,944

NET BOOK VALUE

At 31 May 2016

1,403

At 31 May 2015

1,039

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1

ORDINARY

1