1 September 2017 false No description of principal activity Taxfiler 2018.14.Web 09740157business:PrivateLimitedCompanyLtd2017-09-012018-08-31 097401572017-08-31 097401572017-09-012018-08-31 09740157business:AuditExempt-NoAccountantsReport2017-09-012018-08-31 09740157business:FullAccounts2017-09-012018-08-31 097401572018-08-31 09740157business:Director12017-09-012018-08-31 09740157business:Director22017-09-012018-08-31 09740157business:RegisteredOffice2017-09-012018-08-31 097401572017-08-31 09740157core:WithinOneYear2018-08-31 09740157core:WithinOneYear2017-08-31 09740157core:ShareCapital2018-08-31 09740157core:ShareCapital2017-08-31 09740157core:RetainedEarningsAccumulatedLosses2018-08-31 09740157core:RetainedEarningsAccumulatedLosses2017-08-31 09740157business:SmallEntities2017-09-012018-08-31 09740157countries:EnglandWales2017-09-012018-08-31 09740157core:IntangibleAssetsOtherThanGoodwill2017-08-31 09740157core:IntangibleAssetsOtherThanGoodwill2017-09-012018-08-31 09740157core:IntangibleAssetsOtherThanGoodwill2018-08-31 09740157core:LandBuildings2017-08-31 09740157core:PlantMachinery2017-08-31 09740157core:MotorVehicles2017-08-31 09740157core:FurnitureFittings2017-08-31 09740157core:ComputerEquipment2017-08-31 09740157core:LandBuildings2017-09-012018-08-31 09740157core:PlantMachinery2017-09-012018-08-31 09740157core:MotorVehicles2017-09-012018-08-31 09740157core:FurnitureFittings2017-09-012018-08-31 09740157core:ComputerEquipment2017-09-012018-08-31 09740157core:LandBuildings2018-08-31 09740157core:PlantMachinery2018-08-31 09740157core:MotorVehicles2018-08-31 09740157core:FurnitureFittings2018-08-31 09740157core:ComputerEquipment2018-08-31 097401572016-09-012017-08-31 iso4217:GBP xbrli:pure
Company Registration No. 09740157 (England and Wales)
NEX LTD Unaudited accounts for the year ended 31 August 2018
NEX LTD Unaudited accounts Contents
Page
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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
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NEX LTD Statement of financial position as at 31 August 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,022 
16,285 
Tangible assets
2,247,665 
1,584,721 
2,274,687 
1,601,006 
Current assets
Inventories
1,059,966 
412,692 
Debtors
145,933 
158,530 
Cash at bank and in hand
763,002 
879,629 
1,968,901 
1,450,851 
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 
Capital and reserves
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
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NEX LTD Notes to the Accounts for the year ended 31 August 2018
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2017
20,355 
Additions
18,773 
At 31 August 2018
39,128 
Amortisation
At 1 September 2017
4,070 
Charge for the year
8,036 
At 31 August 2018
12,106 
Net book value
At 31 August 2018
27,022 
At 31 August 2017
16,285 
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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 
Depreciation
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 
Net book value
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 
6
Inventories
2018 
2017 
£ 
£ 
Raw materials
393,908 
200,368 
Work in progress
183,196 
100,580 
Finished goods
482,862 
111,744 
1,059,966 
412,692 
7
Debtors
2018 
2017 
£ 
£ 
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 
(122,082)
713,158 
9
Average number of employees
During the year the average number of employees was 16 (2017: 12).
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