Company Registration No. 09740157 (England and Wales)
NEX LTD
Unaudited accounts
for the year ended 31 August 2017
NEX LTD
Unaudited accounts
Contents
NEX LTD
Company Information
for the year ended 31 August 2017
Directors
Nauris Kapostins
Andrejs Scerbakovs
Company Number
09740157 (England and Wales)
Registered Office
67 WINGATE SQUARE
LONDON
SW4 0AF
ENGLAND
NEX LTD
Statement of financial position
as at 31 August 2017
Intangible assets
16,285
-
Tangible assets
1,584,721
-
Inventories
412,692
156,917
Cash at bank and in hand
879,629
20,153
Creditors: amounts falling due within one year
(713,158)
(207,647)
Net current assets/(liabilities)
737,693
(30,577)
Net assets/(liabilities)
2,338,699
(30,577)
Called up share capital
1,000
1,000
Profit and loss account
2,337,699
(31,577)
Shareholders' funds
2,338,699
(30,577)
For the year ending 31 August 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 May 2018.
Andrejs Scerbakovs
Director
Company Registration No. 09740157
NEX LTD
Notes to the Accounts
for the year ended 31 August 2017
NEX LTD is a private company, limited by shares, registered in England and Wales, registration number 09740157. The registered office is 67 WINGATE SQUARE, LONDON, SW4 0AF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
NEX LTD
Notes to the Accounts
for the year ended 31 August 2017
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2016
-
-
-
-
-
-
Additions
690,623
725,920
204,483
60,895
14,805
1,696,726
At 31 August 2017
690,623
725,920
204,483
60,895
14,805
1,696,726
Charge for the year
35,010
48,592
18,146
5,579
4,678
112,005
At 31 August 2017
35,010
48,592
18,146
5,579
4,678
112,005
At 31 August 2017
655,613
677,328
186,337
55,316
10,127
1,584,721
Work in progress
100,580
-
Finished goods
111,744
156,917
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
150,365
207,647
Taxes and social security
562,793
-
9
Average number of employees
During the year the average number of employees was 12 (2016: 7).