Abbreviated Company Accounts - NAGS HEAD NEWSAGENTS LIMITED

NAGS HEAD NEWSAGENTS LIMITED - Company Information

05368755 NAGS HEAD NEWSAGENTS LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 05368755 2013-05-01 2014-04-30 05368755 2014-04-30 05368755 2013-04-30 05368755 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 05368755 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 05368755

NAGS HEAD NEWSAGENTS LIMITED

Abbreviated Accounts

30 April 2014

NAGS HEAD NEWSAGENTS LIMITED Registered Number 05368755

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	36,216	52,931
Tangible assets	3	156	208
		36,372	53,139
Current assets
Stocks		20,840	20,988
Debtors		772	-
Cash at bank and in hand		41,570	61,710
		63,182	82,698
Creditors: amounts falling due within one year		(116,973)	(140,766)
Net current assets (liabilities)		(53,791)	(58,068)
Total assets less current liabilities		(17,419)	(4,929)
Total net assets (liabilities)		(17,419)	(4,929)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(17,519)	(5,029)
Shareholders' funds		(17,419)	(4,929)

For the year ending 30 April 2014 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 24 September 2014

And signed on their behalf by:
Mr A.M. Patel, Director

NAGS HEAD NEWSAGENTS LIMITED Registered Number 05368755

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents goods sold during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% Reducing Balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - Amortised on straight line over 10yrs

2Intangible fixed assets

	£
Cost
At 1 May 2013	167,151
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	167,151
Amortisation
At 1 May 2013	114,220
Charge for the year	16,715
On disposals	-
At 30 April 2014	130,935
Net book values
At 30 April 2014	36,216
At 30 April 2013	52,931

3Tangible fixed assets

	£
Cost
At 1 May 2013	1,441
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	1,441
Depreciation
At 1 May 2013	1,233
Charge for the year	52
On disposals	-
At 30 April 2014	1,285
Net book values
At 30 April 2014	156
At 30 April 2013	208

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100