For the year ended 31 May 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04769033
N S Glazing Ltd
For the year ended 31 May 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountant's Report
For the year ended 31 May 2015
N S Glazing Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
May
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Vatax Accounting Ltd
1st Floor Office
Castle Mount
Victoria Place
Axminster Devon
EX13 5NH
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Notes to the Abbreviated Financial Statements
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For the year ended 31 May 2015
N S Glazing Ltd
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
|
estimated expected useful economic life of the goodwill of
10
years
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Motor Vehicles
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 May 2015
N S Glazing Ltd
27,028
27,028
15,654
2,843
Charge for year
18,497
8,531
11,374
Allotted called up and fully paid
|
2015
2014
100
Class A shares of £
1
.
00
each
|
100
100
100
100
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