Registered Number 04343940
NAIKS LIMITED
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover policy
year and derives from the provision of goods falling within the company's ordinary activities.
Tangible assets depreciation policy
Fixtures, fittings and equipment - 15% Reducing Balance
Computer Equipment - 25% Reducing Balance
Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis
over the lease term.
Stock
Stock is valued at the lower of cost and net realisable value.
Related party transactions
The company had paid service charges £18,000 (2014 : £20,040) to Naiks the partnership,
in which directors have interest as partners. All the transactions with partnership were at
arm's length.
£ | |
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Cost | |
At 1 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 138,052 |
At 31 December 2014 | 141,809 |