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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

NIGHTFROST LIMITED

NIGHTFROST LIMITED (REGISTERED NUMBER: 06033754)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NIGHTFROST LIMITED

COMPANY INFORMATION
For The Year Ended 28 February 2018







DIRECTOR: S L Hughes





REGISTERED OFFICE: Ground Floor
Endeavour Court
Ocean Village
Southampton
Hampshire
SO14 3GD





REGISTERED NUMBER: 06033754 (England and Wales)






NIGHTFROST LIMITED (REGISTERED NUMBER: 06033754)

BALANCE SHEET
28 February 2018

2018 2017
Notes £    £    £    £   
ASSETS

FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 9,993 13,155
9,994 13,156

CURRENT ASSETS
Stocks 6,555 7,569
Debtors 6 5,277 9,537
Cash in hand 130 150
11,962 17,256
21,956 30,412

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (261,511 ) (234,123 )
SHAREHOLDERS' FUNDS (261,411 ) (234,023 )

CREDITORS 8 283,367 264,435
21,956 30,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 November 2018 and were signed by:





S L Hughes - Director


NIGHTFROST LIMITED (REGISTERED NUMBER: 06033754)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2018

1. STATUTORY INFORMATION

Nightfrost Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents food and beverage product sold and is presented net of discounts and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Evenly over the term of the lease
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or
substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
Despite the excess of liabilities over assets, the accounts have been prepared on a going concern basis.The company is
dependent on the support of the director and associated companies in deferring amounts due to them.

On this basis it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not
include any adjustments that would result from a withdrawal of financial support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 9 ) .

NIGHTFROST LIMITED (REGISTERED NUMBER: 06033754)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2017
and 28 February 2018 1
NET BOOK VALUE
At 28 February 2018 1
At 28 February 2017 1

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 March 2017 136,578 44,304 180,882
Disposals (134,273 ) - (134,273 )
At 28 February 2018 2,305 44,304 46,609
DEPRECIATION
At 1 March 2017 135,553 32,174 167,727
Charge for year 129 3,033 3,162
Eliminated on disposal (134,273 ) - (134,273 )
At 28 February 2018 1,409 35,207 36,616
NET BOOK VALUE
At 28 February 2018 896 9,097 9,993
At 28 February 2017 1,025 12,130 13,155

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 5,277 9,537

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 1,616 7,345
Trade creditors 37,048 30,717
Amounts owed to associates 202,184 197,824
Taxation and social security 18,698 17,959
Other creditors and accruals 23,821 10,590
283,367 264,435

NIGHTFROST LIMITED (REGISTERED NUMBER: 06033754)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2018

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 1,616 7,345

The banks loans and overdraft are secured by a debenture over the company's assets together with personal guarantees by the
directors.

10. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £150,000 (2017: £175,000).