Registered Number 04298770
NTH COMMODITIES LIMITED
Abbreviated Accounts
31 October 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
Investments | 3 |
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Current assets | |||
Debtors |
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|
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||
Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
|
|
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Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation
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 and fittings - 15% reducing balance method
Computer equipment - over 3 years
Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
£ | |
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Cost | |
At 1 November 2015 |
|
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2016 |
|
Depreciation | |
At 1 November 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 October 2016 |
|
Net book values | |
At 31 October 2016 | 861 |
At 31 October 2015 | 861 |
3
Fixed assets Investments