1 September 2016 false No description of principal activity Taxfiler 2018.14.Web 09740157business:PrivateLimitedCompanyLtd2016-09-012017-08-31 097401572016-08-31 097401572016-09-012017-08-31 09740157business:AuditExempt-NoAccountantsReport2016-09-012017-08-31 09740157business:FullAccounts2016-09-012017-08-31 097401572017-08-31 09740157business:Director12016-09-012017-08-31 09740157business:Director22016-09-012017-08-31 09740157business:RegisteredOffice2016-09-012017-08-31 097401572016-08-31 09740157core:WithinOneYear2017-08-31 09740157core:WithinOneYear2016-08-31 09740157core:ShareCapital2017-08-31 09740157core:ShareCapital2016-08-31 09740157core:RetainedEarningsAccumulatedLosses2017-08-31 09740157core:RetainedEarningsAccumulatedLosses2016-08-31 09740157business:SmallEntities2016-09-012017-08-31 09740157countries:EnglandWales2016-09-012017-08-31 09740157core:IntangibleAssetsOtherThanGoodwill2016-08-31 09740157core:IntangibleAssetsOtherThanGoodwill2016-09-012017-08-31 09740157core:IntangibleAssetsOtherThanGoodwill2017-08-31 09740157core:LandBuildings2016-08-31 09740157core:PlantMachinery2016-08-31 09740157core:MotorVehicles2016-08-31 09740157core:FurnitureFittings2016-08-31 09740157core:ComputerEquipment2016-08-31 09740157core:LandBuildings2016-09-012017-08-31 09740157core:PlantMachinery2016-09-012017-08-31 09740157core:MotorVehicles2016-09-012017-08-31 09740157core:FurnitureFittings2016-09-012017-08-31 09740157core:ComputerEquipment2016-09-012017-08-31 09740157core:LandBuildings2017-08-31 09740157core:PlantMachinery2017-08-31 09740157core:MotorVehicles2017-08-31 09740157core:FurnitureFittings2017-08-31 09740157core:ComputerEquipment2017-08-31 097401572015-09-012016-08-31 iso4217:GBP xbrli:pure
Company Registration No. 09740157 (England and Wales)
NEX LTD Unaudited accounts for the year ended 31 August 2017
NEX LTD Unaudited accounts Contents
Page
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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
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NEX LTD Statement of financial position as at 31 August 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,285 
- 
Tangible assets
1,584,721 
- 
1,601,006 
- 
Current assets
Inventories
412,692 
156,917 
Debtors
158,530 
- 
Cash at bank and in hand
879,629 
20,153 
1,450,851 
177,070 
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)
Capital and reserves
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
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NEX LTD Notes to the Accounts for the year ended 31 August 2017
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
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.
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 2016
- 
Additions
20,355 
At 31 August 2017
20,355 
Amortisation
At 1 September 2016
- 
Charge for the year
4,070 
At 31 August 2017
4,070 
Net book value
At 31 August 2017
16,285 
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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 
Depreciation
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 
Net book value
At 31 August 2017
655,613 
677,328 
186,337 
55,316 
10,127 
1,584,721 
6
Inventories
2017 
2016 
£ 
£ 
Raw materials
200,368 
- 
Work in progress
100,580 
- 
Finished goods
111,744 
156,917 
412,692 
156,917 
7
Debtors
2017 
2016 
£ 
£ 
Trade debtors
158,530 
- 
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
150,365 
207,647 
Taxes and social security
562,793 
- 
713,158 
207,647 
9
Average number of employees
During the year the average number of employees was 12 (2016: 7).
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