Company Registration No. 06011059 (England and Wales)
1NO2 LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
1NO2 LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
1NO2 LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
-
5,400
Cash at bank and in hand
24,895
8,623
24,895
14,023
Creditors: amounts falling due within one year
(24,770)
(13,907)
Total assets less current liabilities
125
116
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
25
16
Shareholders' funds
125
116
For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 28 August 2015
B Miller
Director
Company Registration No. 06011059
1NO2 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Computer equipment
33% Straight line method
2
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100