Company Registration No. 08158529 (England and Wales)
NICK STUART LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
NICK STUART LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NICK STUART LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
33,920
20,321
Current assets
Debtors
-
27,251
Cash at bank and in hand
36,814
7,927
36,814
35,178
Creditors: amounts falling due within one year
(8,257)
(9,323)
Net current assets
28,557
25,855
Total assets less current liabilities
62,477
46,176
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
62,476
46,175
Shareholders' funds
62,477
46,176
For the financial year ended 31 July 2016 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 his 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 6 February 2017
Mr Nick Stuart
Director
Company Registration No. 08158529
NICK STUART LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 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 January 2015).
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 net of VAT and trade discounts.
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
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
31,951
Additions
24,906
At 31 July 2016
56,857
Depreciation
At 1 August 2015
11,630
Charge for the year
11,307
At 31 July 2016
22,937
Net book value
At 31 July 2016
33,920
At 31 July 2015
20,321
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 of £1 each
1
1