Company Registration No. 8783288 (England and Wales)
Nourish Engineering Ltd
Abbreviated unaudited accounts
for the year ended 31 December 2015
Nourish Engineering Ltd
Abbreviated Balance Sheet
as at
31 December 2015
Tangible assets
127,147
47,618
Cash at bank and in hand
2,075
7,525
Creditors: amounts falling due within one year
(45,013)
(36,570)
Net current assets
101,676
172,948
Total assets less current liabilities
228,823
220,566
Creditors: amounts falling due after more than one year
-
(50,000)
Net assets
228,823
170,566
Called up share capital
235,000
185,000
Revaluation reserve
122,126
-
Profit and loss account
(128,303)
(14,434)
Total shareholders' funds
228,823
170,566
For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 24 October 2016
C Bushell
Director
Company Registration No. 8783288
Nourish Engineering Ltd
Notes to the Abbreviated Accounts
for the year ended 31 December 2015
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line basis
Motor vehicles
25% Reducing Balance basis
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
2
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
At 1 January 2015
46,809
16,500
63,309
Revaluations
122,126
-
122,126
At 31 December 2015
172,576
16,500
189,076
At 1 January 2015
11,566
4,125
15,691
Charge for the year
43,144
3,094
46,238
At 31 December 2015
54,710
7,219
61,929
At 31 December 2015
117,866
9,281
127,147
At 31 December 2014
35,243
12,375
47,618
Nourish Engineering Ltd
Notes to the Abbreviated Accounts
for the year ended 31 December 2015
3
Share capital
2015
2014
Allotted, called up and fully paid:
235,000 Ordinary shares of £1 each
235,000
185,000
Shares issued during the period:
50,000 Ordinary shares of £1 each
50,000