Registered Number 06924653

NU-MAN LTD

Abbreviated Accounts

30 June 2014

NU-MAN LTD Registered Number 06924653

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 5,760 7,680
5,760 7,680
Current assets
Stocks 10,589 47,364
Debtors 566,484 454,487
Cash at bank and in hand 47,855 203,028
624,928 704,879
Creditors: amounts falling due within one year (116,909) (323,392)
Net current assets (liabilities) 508,019 381,487
Total assets less current liabilities 513,779 389,167
Provisions for liabilities (1,152) (1,536)
Total net assets (liabilities) 512,627 387,631
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 512,625 387,629
Shareholders' funds 512,627 387,631
  • For the year ending 30 June 2014 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 9 December 2015

And signed on their behalf by:
Mr M Nipau, Director

NU-MAN LTD Registered Number 06924653

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance method

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Tangible fixed assets
£
Cost
At 1 July 2013 15,854
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 15,854
Depreciation
At 1 July 2013 8,174
Charge for the year 1,920
On disposals -
At 30 June 2014 10,094
Net book values
At 30 June 2014 5,760
At 30 June 2013 7,680
3 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2 Ordinary shares of £1 each 2 2

4Transactions with directors

Name of director receiving advance or credit: Mr M Nipay
Description of the transaction: Joint loan with Mrs N Nipay
Balance at 1 July 2013: £ 278,904
Advances or credits made: £ 246,225
Advances or credits repaid: -
Balance at 30 June 2014: £ 525,129


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