Company Registration No. 02462019 (England and Wales)
N&P ACCOUNTING SOLUTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
N&P ACCOUNTING SOLUTIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
N&P ACCOUNTING SOLUTIONS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
31 May 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
19,479
27,227
Tangible assets
2
566
38
20,045
27,265
Current assets
Debtors
121,667
162,905
Cash at bank and in hand
63,751
126,801
185,418
289,706
Creditors: amounts falling due within one year
(173,423)
(176,108)
Net current assets
11,995
113,598
Total assets less current liabilities
32,040
140,863
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
31,940
140,763
Shareholders'  funds
32,040
140,863
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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
Simon Kalms
Mr Paresh Radia FCA
Director
Director
Company Registration No. 02462019
N&P ACCOUNTING SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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
33% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2015
38,740
7,222
45,962
Additions
-
807
807
At 31 May 2016
38,740
8,029
46,769
Depreciation
At 1 June 2015
11,513
7,184
18,697
Charge for the year
7,748
279
8,027
At 31 May 2016
19,261
7,463
26,724
Net book value
At 31 May 2016
19,479
566
20,045
At 31 May 2015
27,227
38
27,265
N&P ACCOUNTING SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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