Registered number
05010464
Norfolk Lights & Hydroponics Centre Ltd
Abbreviated Accounts
31 March 2016
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 2016
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 2016 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
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Andrew Parker Associates Ltd
Chartered Certified Accountants
3 Cricket Close
Drayton
Norwich
NR8 6YA
24 October 2016
Norfolk Lights & Hydroponics Centre Ltd
Registered number: 05010464
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 2,101 2,802
Current assets
Stocks 105,775 111,401
Debtors 11,123 8,573
Cash at bank and in hand 37,277 37,022
154,175 156,996
Creditors: amounts falling due within one year (96,720) (79,480)
Net current assets 57,455 77,516
Total assets less current liabilities 59,556 80,318
Provisions for liabilities (420) (592)
Net assets 59,136 79,726
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 59,036 79,626
Shareholders' funds 59,136 79,726
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
Director
Approved by the board on 24 October 2016
Norfolk Lights & Hydroponics Centre Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 January 2015).
Turnover
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Stocks
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 £
Cost
At 1 April 2015 9,501
At 31 March 2016 9,501
Depreciation
At 1 April 2015 6,699
Charge for the year 701
At 31 March 2016 7,400
Net book value
At 31 March 2016 2,101
At 31 March 2015 2,802
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
Norfolk Lights & Hydroponics Centre Ltd 05010464 false true 2015-04-01 2016-03-31 2016-03-31 Nicola Good 05010464 2015-03-30 05010464 uk-bus:OrdinaryShareClass1 2015-03-30 05010464 2015-04-01 2016-03-31 05010464 uk-bus:Director40 2015-04-01 2016-03-31 05010464 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 05010464 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 05010464 2016-03-31 05010464 uk-bus:OrdinaryShareClass1 2016-03-31 05010464 2015-03-31 iso4217:GBP xbrli:shares

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