Company Registration No. 04031882 (England and Wales)
NINA KUMMELSTEDT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
NINA KUMMELSTEDT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NINA KUMMELSTEDT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
-
Current assets
Debtors
4,088
3,532
Cash at bank and in hand
8,104
12,535
12,192
16,067
Creditors: amounts falling due within one year
(33,904)
(36,233)
Total assets less current liabilities
(21,712)
(20,166)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(21,713)
(20,167)
Shareholders' funds
(21,712)
(20,166)
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 26 April 2016
Mrs N B Kummelstedt
Director
Company Registration No. 04031882
NINA KUMMELSTEDT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 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 April 2008).
At the year end the company had a balance sheet deficit due to operating losses arising from difficult economic conditions. The director, as shareholder, also undertakes to financially support the company as necessary to meet its financial obligations for the forseeable future. As such the accounts are prepared on a going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services supplied net of VAT . Revenue from the provision of services is recognised when there is a right to the sales consideration in respect of the services provided. Where a contract is uncompleted at the end of an accounting period, it is included at the estimated realisable invoice value in turnover and as accrued revenue in the balance sheet at the year end.
supplied
net of VAT
.
Revenue from the provision of services is recognised when there is a right to the sales consideration in respect of the services provided. Where a contract is uncompleted at the end of an accounting period, it is included at the estimated realisable invoice value in turnover and as accrued revenue in the balance sheet at the year end.
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
3 Years
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014 & at 31 July 2015
16,217
Depreciation
At 1 August 2014 & at 31 July 2015
16,217
Net book value
At 31 July 2015
-
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1