Company Registration No. 09740157 (England and Wales)
NEX LTD
Unaudited accounts
for the year ended 31 August 2018
NEX LTD
Unaudited accounts
Contents
NEX LTD
Company Information
for the year ended 31 August 2018
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 2018
Intangible assets
27,022
16,285
Tangible assets
2,247,665
1,584,721
Inventories
1,059,966
412,692
Cash at bank and in hand
763,002
879,629
Creditors: amounts falling due within one year
122,082
(713,158)
Net current assets
2,090,983
737,693
Net assets
4,365,670
2,338,699
Called up share capital
1,000
1,000
Profit and loss account
4,364,670
2,337,699
Shareholders' funds
4,365,670
2,338,699
For the year ending 31 August 2018 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 12 November 2018.
Andrejs Scerbakovs
Director
Company Registration No. 09740157
NEX LTD
Notes to the Accounts
for the year ended 31 August 2018
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
At 1 September 2017
20,355
NEX LTD
Notes to the Accounts
for the year ended 31 August 2018
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 2017
690,623
725,920
204,483
60,895
14,805
1,696,726
Additions
362,998
231,882
136,819
37,445
72,778
841,922
At 31 August 2018
1,053,621
957,802
341,302
98,340
87,583
2,538,648
At 1 September 2017
35,010
48,592
18,146
5,579
4,678
112,005
Charge for the year
52,338
66,887
32,901
8,233
18,619
178,978
At 31 August 2018
87,348
115,479
51,047
13,812
23,297
290,983
At 31 August 2018
966,273
842,323
290,255
84,528
64,286
2,247,665
At 31 August 2017
655,613
677,328
186,337
55,316
10,127
1,584,721
Raw materials
393,908
200,368
Work in progress
183,196
100,580
Finished goods
482,862
111,744
Trade debtors
145,933
158,530
8
Creditors: amounts falling due within one year
2018
2017
Trade creditors
(122,082)
150,365
Taxes and social security
-
562,793
9
Average number of employees
During the year the average number of employees was 16 (2017: 12).