Company Registration No. 04544096 (England and Wales)
NATHAN GLUCK HEARING CARE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
NATHAN GLUCK HEARING CARE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NATHAN GLUCK HEARING CARE LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,580
4,773
Current assets
Debtors
26,589
13,259
Cash at bank and in hand
16,890
19,039
43,479
32,298
Creditors: amounts falling due within one year
(86,591)
(58,334)
Net current liabilities
(43,112)
(26,036)
Total assets less current liabilities
(39,532)
(21,263)
Provisions for liabilities
(438)
-
(39,970)
(21,263)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(39,972)
(21,265)
Shareholders' funds
(39,970)
(21,263)
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 28 March 2017
N Gluck
Director
Company Registration No. 04544096
NATHAN GLUCK HEARING CARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
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
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015 & at 31 July 2016
30,000
32,294
62,294
Depreciation
At 1 August 2015
30,000
27,521
57,521
Charge for the year
-
1,193
1,193
At 31 July 2016
30,000
28,714
58,714
Net book value
At 31 July 2016
-
3,580
3,580
At 31 July 2015
-
4,773
4,773
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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