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Registration number: 03093584

Norglish Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2018

image-name

DKP Accountants Sussex Limited

 

Norglish Limited

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Financial Statements

4 to 6

 

Norglish Limited

Company Information

Director

Mr Knight

Registered office

Suite 10 Cortlandt
George Street
Hailsham
East Sussex
BN27 1AE

Accountants

DKP Accountants Sussex Limited
Chartered Certified Accountants
Suite 10 Cortlandt
George Street
Hailsham
East Sussex
BN27 1AE

 

Norglish Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 28 February 2018

Note

2018
£

2017
£

Turnover

 

-

-

Operating profit/(loss)

 

-

-

Profit/(loss) before tax

-

-

Profit/(loss) for the financial year

 

-

-

Retained earnings brought forward

 

235

235

Retained earnings carried forward

 

235

235

 

Norglish Limited

(Registration number: 03093584)
Balance Sheet as at 28 February 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

3

172

172

Current assets

 

Cash at bank and in hand

 

125

125

Creditors: Amounts falling due within one year

4

(60)

(60)

Net current assets

 

65

65

Net assets

 

237

237

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

235

235

Total equity

 

237

237

For the financial year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 November 2018
 

.........................................

Mr Knight
Director

 

Norglish Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 10 Cortlandt
George Street
Hailsham
East Sussex
BN27 1AE
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Norglish Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Norglish Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2017

1,651

1,651

At 28 February 2018

1,651

1,651

Depreciation

At 1 March 2017

1,479

1,479

At 28 February 2018

1,479

1,479

Carrying amount

At 28 February 2018

172

172

At 28 February 2017

172

172

4

Creditors

Creditors: amounts falling due within one year

2018
£

2017
£

Due within one year

Other creditors

60

60

5

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2