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Registration number: 08002465

Nagel and Partners Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

Nagel and Partners Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Nagel and Partners Ltd
(Registration number: 08002465)
Abbreviated Balance Sheet at 31 March 2015

 

Note

   

2015
£

   

2014
£

 

Fixed assets

 

   

   

 

Intangible fixed assets

 

   

-

   

1,300

 

Tangible fixed assets

 

2

   

641

   

890

 

 

   

641

   

2,190

 

Current assets

 

   

   

 

Debtors

 

   

164

   

896

 

Cash at bank and in hand

 

   

-

   

402

 

 

   

164

   

1,298

 

Creditors: Amounts falling due within one year

 

   

(10,173)

   

(2,622)

 

Net current liabilities

 

   

(10,009)

   

(1,324)

 

Net (liabilities)/assets

 

   

(9,368)

   

866

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

(9,468)

   

766

 

Shareholders' (deficit)/funds

 

   

(9,368)

   

866

 

For the year ending 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 22 December 2015

.........................................
Mr N O Nagel
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Nagel and Partners Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Website costs

33.33% Straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Computer equipment

25% Straight line

Office equipment

20% Straight line

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Nagel and Partners Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 April 2014

 

3,900

   

1,088

   

4,988

 

At 31 March 2015

 

3,900

   

1,088

   

4,988

 

Depreciation

                 

At 1 April 2014

 

2,600

   

198

   

2,798

 

Charge for the year

 

1,300

   

249

   

1,549

 

At 31 March 2015

 

3,900

   

447

   

4,347

 

Net book value

                 

At 31 March 2015

 

-

   

641

   

641

 

At 31 March 2014

 

1,300

   

890

   

2,190

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary A of £1 each

 

100

   

100

   

100

   

100