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Registration number: 08002465

Nagel and Partners Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

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 2016

 

Note

   

2016
£

   

2015
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

392

   

641

 

Current assets

 

   

   

 

Debtors

 

   

1,334

   

164

 

Cash at bank and in hand

 

   

455

   

-

 

 

   

1,789

   

164

 

Creditors: Amounts falling due within one year

 

   

(11,799)

   

(10,173)

 

Net current liabilities

 

   

(10,010)

   

(10,009)

 

Net liabilities

 

   

(9,618)

   

(9,368)

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

(9,718)

   

(9,468)

 

Shareholders' deficit

 

   

(9,618)

   

(9,368)

 

For the year ending 31 March 2016 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 21 December 2016

.........................................
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 2016
......... 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 January 2015).

Going concern

The financial statements have been prepared on a going concern basis. The balance sheet is currently overdrawn. The director has indicated that he will continue to support the company financially until it returns to a net assets position.

Turnover

Turnover represents amounts chargeable, net of value added tax, 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 2016
......... continued

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 April 2015

 

3,900

   

1,088

   

4,988

 

At 31 March 2016

 

3,900

   

1,088

   

4,988

 

Depreciation

                 

At 1 April 2015

 

3,900

   

447

   

4,347

 

Charge for the year

 

-

   

249

   

249

 

At 31 March 2016

 

3,900

   

696

   

4,596

 

Net book value

                 

At 31 March 2016

 

-

   

392

   

392

 

At 31 March 2015

 

-

   

641

   

641

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary A of £1 each

 

100

   

100

   

100

   

100