NEX Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04833790 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

NEX Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Andrew C Partington

Mrs K L Partington

SECRETARY:

Mrs K L Partington

REGISTERED OFFICE:

Pilgrim Cottage

31 Slipper Road

Emsworth

Hampshire

PO10 8BS

REGISTERED NUMBER:

04833790 (England and Wales)

ACCOUNTANTS:

Turner & Co

Chartered Accountants

10a White Hart Parade

London Road

Blackwater

Camberley

Surrey

GU17 9AD

FIXED ASSETS

Intangible assets

4

-

1

Tangible assets

5

429

-

429

1

CURRENT ASSETS

Debtors

6

-

10,523

Cash at bank

5,368

9,777

5,368

20,300

CREDITORS

Amounts falling due within one year

7

39,145

39,053

NET CURRENT LIABILITIES

(33,777

)

(18,753

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,348

)

(18,752

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(33,350

)

(18,754

)

SHAREHOLDERS' FUNDS

(33,348

)

(18,752

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 August 2019 and were signed on its behalf by:

Andrew C Partington - Director

1.	STATUTORY INFORMATION

NEX Consulting Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Franchise costs

Franchise costs are amortised over the period of the Franchise Agreement, that is, over a period of

five years on a straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2017

and 30 November 2018

27,978

AMORTISATION

At 1 December 2017

27,977

Charge for year

1

At 30 November 2018

27,978

NET BOOK VALUE

At 30 November 2018

-

At 30 November 2017

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

13,247

Additions

613

At 30 November 2018

13,860

DEPRECIATION

At 1 December 2017

13,247

Charge for year

184

At 30 November 2018

13,431

NET BOOK VALUE

At 30 November 2018

429

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

-

10,523

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Taxation and social security

32,034

33,837

Other creditors

7,111

5,216

39,145

39,053

8.	RELATED PARTY DISCLOSURES

9.	GOING CONCERN

The accounts have been prepared on a going concern basis as a result of the directors having

undertaken to continue to support the company for the foreseeable future,