Abbreviated Company Accounts - NXO LIMITED

04782553 NXO LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 04782553 2013-10-01 2014-09-30 04782553 2014-09-30 04782553 2013-09-30 04782553 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 04782553 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 uk-gaap-cd-bus:PreferenceShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-09-30 uk-gaap-cd-bus:PreferenceShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 04782553

NXO LIMITED

Abbreviated Accounts

30 September 2014

NXO LIMITED Registered Number 04782553

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	257,700	326,700
Tangible assets	3	3,743	813
		261,443	327,513
Current assets
Debtors		124,572	85,982
Cash at bank and in hand		6,079	248
		130,651	86,230
Creditors: amounts falling due within one year		(71,189)	(93,767)
Net current assets (liabilities)		59,462	(7,537)
Total assets less current liabilities		320,905	319,976
Creditors: amounts falling due after more than one year		(42,045)	(61,210)
Total net assets (liabilities)		278,860	258,766
Capital and reserves
Called up share capital	4	55,555	63,444
Share premium account		93,056	93,056
Revaluation reserve		238,570	307,570
Profit and loss account		(108,321)	(205,304)
Shareholders' funds		278,860	258,766

For the year ending 30 September 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 January 2015

And signed on their behalf by:
P J Dyer, Director

NXO LIMITED Registered Number 04782553

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the
revaluation of brand development. and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment 33.33% straight line
Fixtures, fittings & equipment 15% reducing balance

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

2Intangible fixed assets

	£
Cost
At 1 October 2013	326,700
Additions	-
Disposals	(69,000)
Revaluations	-
Transfers	-
At 30 September 2014	257,700
Amortisation
At 1 October 2013	-
Charge for the year	-
On disposals	-
At 30 September 2014	-
Net book values
At 30 September 2014	257,700
At 30 September 2013	326,700

3Tangible fixed assets

	£
Cost
At 1 October 2013	6,553
Additions	3,874
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	10,427
Depreciation
At 1 October 2013	5,740
Charge for the year	944
On disposals	-
At 30 September 2014	6,684
Net book values
At 30 September 2014	3,743
At 30 September 2013	813

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
55,555 Ordinary shares of £1 each	55,555	55,555
0 Redeemable Preference shares of £1 each (7,889 shares for 2013)	0	7,889

The Redeemable Preference shares are non-voting and have no fixed redemption date.