Registered number
Norfolk Lights & Hydroponics Centre Ltd
Abbreviated Accounts
31 March 2015
Norfolk Lights & Hydroponics Centre Ltd
Report to the directors on the preparation of the unaudited abbreviated accounts of Norfolk Lights & Hydroponics Centre Ltd for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Norfolk Lights & Hydroponics Centre Ltd for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
Andrew Parker Associates Ltd
Chartered Certified Accountants
3 Cricket Close
6 December 2015
Norfolk Lights & Hydroponics Centre Ltd
Registered number: 05010464
Abbreviated Balance Sheet
as at 31 March 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,802 3,544
Current assets
Stocks 111,401 133,000
Debtors 8,573 8,094
Cash at bank and in hand 37,022 55,873
156,996 196,967
Creditors: amounts falling due within one year (79,480) (90,865)
Net current assets 77,516 106,102
Total assets less current liabilities 80,318 109,646
Provisions for liabilities (592) (660)
Net assets 79,726 108,986
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 79,626 108,886
Shareholders' funds 79,726 108,986
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Nicola Good
Approved by the board on 6 December 2015
Norfolk Lights & Hydroponics Centre Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2015
1 Accounting policies
Basis of preparation
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 value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings 25% reducing balance
Stock is valued at the lower of cost and net realisable value.
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.
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.
2 Tangible fixed assets £
At 1 April 2014 9,503
Additions (2)
At 31 March 2015 9,501
At 1 April 2014 5,959
Charge for the year 740
At 31 March 2015 6,699
Net book value
At 31 March 2015 2,802
At 31 March 2014 3,544
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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