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Accounting Policies of Noble Polymers Ltd. Company

Mar 31, 2015

I) Basis of Accounting :

Financial Statement are prepared under historical cost convention on a accrual basis in accordance with the requirements of the companies Act,1956.

ii) Fixed Assets and Depreciation

a) There is no Fixed assets at the end of the year.

b) Depreciation :

(i) There is no fixed assets, hence Not applicable,

(ii) INVENTORIES

There is no inventories, hence not applicable.

(iii) MISCELLANEOUS EXPENSES

No Provision is made for liabilities, which are contingent in nature but, if material the same is disclosed by way of notes to the accounts.


Mar 31, 2014

I) Basis of Accounting:

Financial Statement is prepared under historical cost convention on a accrual basis in accordance with the requirements of the Companies Act. 1956.

ii) Fixed Assets and Depreciation

a) There are no fixed assets at the end of the year.

b) Depreciation:

(i) There is no Fixed Assets, hence not Applicable.

ii) INVENTORIES

There is no Inventories, hence not applicable.

iii) MISCELLANEOUS EXPENSES

The Preliminary Expenditure at the year end Balance is Rs. 9, 95,594/-

iv) CONTINGENT LIABILITIES

No provision is made for liabilities, which are contingent in nature but, if material the same is disclosed by way of notes to the accounts.


Mar 31, 2013

I) Basis of Accounting :

Financial Statement are prepared under historical cost convention accrual basis in accordance with the requirements of the CompanH

ii) Fixed Assets and Depreciation

a) There is no Fixed assets at the end of the year. b) Depreciation

(i) There is no Fixed Assets, hence Not Applicable.

ii) INVENTORIES

There is no Inventories, hence not applicable.

iii) MISCELLANEOUS EXPENSES

The Preliminary Expenditure at the year end Balance

iv) CONTINGENT LIABILITIES

No provision is made for liabilities, which are contingent in nature but, if material the same is disclosed by way notes to the accounts.

 
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