For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02730835
NAIN CARPET LIMITED
For the year ended 31 July 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
NAIN CARPET LIMITED
Accountants' Report
For the year ended 31 July 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
July
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Zaman & Associates
5 Hillway
Kingsbury
London
NW9 7LS
28 April 2016
1 of 4
Notes to the Abbreviated Financial Statements
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NAIN CARPET LIMITED
For the year ended 31 July 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Tangible fixed assets, other than freehold properties, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Fixtures and Fittings
Investment properties are included in the balance sheet at cost.
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
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3 of 4
Notes to the Abbreviated Financial Statements
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NAIN CARPET LIMITED
For the year ended 31 July 2015
995,038
995,038
24,943
3,200
Charge for year
28,143
966,895
970,095
2014
2015
3
Creditors due after more than one year
|
173,691
224,578
Bank loans and overdrafts (secured)
Allotted called up and fully paid
|
2015
2014
2
Class A shares of £
1
.
00
each
|
2
2
2
2
4 of 4