Company Registration No. 02462019 (England and Wales)
N&P ACCOUNTING SOLUTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
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 2015
31 May 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
27,227
15,060
Tangible assets
2
38
57
27,265
15,117
Current assets
Debtors
162,905
133,318
Cash at bank and in hand
126,801
115,042
289,706
248,360
Creditors: amounts falling due within one year
(176,108)
(164,239)
Net current assets
113,598
84,121
Total assets less current liabilities
140,863
99,238
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
140,763
99,138
Shareholders'  funds
140,863
99,238
For the financial year ended 31 May 2015 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 24 February 2016
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 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).

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 2014
18,825
7,222
26,047
Additions
19,915
-
19,915
At 31 May 2015
38,740
7,222
45,962
Depreciation
At 1 June 2014
3,765
7,165
10,930
Charge for the year
7,748
19
7,767
At 31 May 2015
11,513
7,184
18,697
Net book value
At 31 May 2015
27,227
38
27,265
At 31 May 2014
15,060
57
15,117
N&P ACCOUNTING SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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