ACCOUNTS - Final Accounts


Caseware UK (AP4) 2016.0.181 2016.0.181 2017-11-302016-12-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse 03264500 2016-12-01 2017-11-30 03264500 2015-12-01 2016-11-30 03264500 2017-11-30 03264500 2016-11-30 03264500 c:CompanySecretary1 2016-12-01 2017-11-30 03264500 c:Director1 2016-12-01 2017-11-30 03264500 c:RegisteredOffice 2016-12-01 2017-11-30 03264500 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2017-11-30 03264500 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2016-11-30 03264500 d:CurrentFinancialInstruments 2017-11-30 03264500 d:CurrentFinancialInstruments 2016-11-30 03264500 d:CurrentFinancialInstruments d:WithinOneYear 2017-11-30 03264500 d:CurrentFinancialInstruments d:WithinOneYear 2016-11-30 03264500 d:ShareCapital 2017-11-30 03264500 d:ShareCapital 2016-11-30 03264500 d:SharePremium 2017-11-30 03264500 d:SharePremium 2016-11-30 03264500 d:RetainedEarningsAccumulatedLosses 2017-11-30 03264500 d:RetainedEarningsAccumulatedLosses 2016-11-30 03264500 c:OrdinaryShareClass1 2016-12-01 2017-11-30 03264500 c:OrdinaryShareClass1 2017-11-30 03264500 c:FRS102 2016-12-01 2017-11-30 03264500 c:AuditExempt-NoAccountantsReport 2016-12-01 2017-11-30 03264500 c:FullAccounts 2016-12-01 2017-11-30 03264500 c:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03264500










N. S. TIMBER LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017




















 
N. S. TIMBER LIMITED
 
 
Company Information


Director
N V Smith 




Company secretary
N V Smith



Registered number
03264500



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
N. S. TIMBER LIMITED
Registered number: 03264500

Balance sheet
As at 30 November 2017

2017
2016
Note
£
£

Fixed assets
  

Investments
 4 
844,845
844,845

  
844,845
844,845

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1

Cash at bank and in hand
  
97,959
57,856

  
97,959
57,857

Creditors: amounts falling due within one year
 6 
(5,280)
(5,281)

Net current assets
  
 
 
92,679
 
 
52,576

Total assets less current liabilities
  
937,524
897,421

  

Net assets
  
937,524
897,421


Capital and reserves
  

Called up share capital 
 7 
250,000
250,000

Share premium account
  
234,836
234,836

Profit and loss account
  
452,688
412,585

  
937,524
897,421


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2018.

................................................
N V Smith
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
N. S. TIMBER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 November 2017

1.


General information

N.S. Timber Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03264500. The address of the registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Section 1A of FRS 102 is mandatory for accounting periods beginning on or after 1 January 2016. There has been no transitional impact on the financial statements as a result of the adoption of this standard.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.3

Valuation of investments

Unlisted investments are recorded at cost less any provision for impairment.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

Page 2

 
N. S. TIMBER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 November 2017

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2016
844,845



At 30 November 2017

844,845






Net book value



At 30 November 2017
844,845



At 30 November 2016
844,845

Page 3

 
N. S. TIMBER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 November 2017

5.


Debtors

2017
2016
£
£


Other debtors
-
1

-
1



6.


Creditors: Amounts falling due within one year

2017
2016
£
£

Other creditors
1,680
1,680

Accruals and deferred income
3,600
3,601

5,280
5,281



7.


Share capital

2017
2016
£
£
Allotted, called up and fully paid



500,000 Ordinary shares of £0.50 each
250,000
250,000

 
Page 4