NOVO RESOURCES LTD Micro-entity accounts

NOVO RESOURCES LTD Micro-entity accounts

NOVO RESOURCES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04080221
NOVO RESOURCES LTD
Unaudited Financial Statements
31 December 2018
NOVO RESOURCES LTD
Financial Statements
Year ended 31 December 2018
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
The following pages do not form part of the financial statements
Detailed income statement
5
Notes to the detailed income statement
6
NOVO RESOURCES LTD
Income Statement
Year ended 31 December 2018
2018
2017
£
£
Turnover
94,796
99,323
Other income
44
179
--------
--------
94,840
99,502
Staff costs
8,359
8,138
Depreciation and other amounts written off assets
11
15
Other charges
3,027
1,017
Tax
15,856
17,375
--------
--------
Profit
67,587
72,957
--------
--------
NOVO RESOURCES LTD
Statement of Financial Position
31 December 2018
2018
2017
£
£
£
Fixed assets
32
43
----
----
Current assets
150,457
93,348
Creditors: amounts falling due within one year
28,369
21,328
---------
--------
Net current assets
122,088
72,020
---------
--------
Total assets less current liabilities
122,120
72,063
---------
--------
Capital and reserves
122,120
72,063
---------
--------
Notes to the financial statements
1. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2018
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S K SETHER
-
27,000
( 27,000)
-
----
--------
--------
----
2017
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S K SETHER
( 18,144)
31,347
( 13,203)
-
--------
--------
--------
----
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 30 September 2019 , and are signed on behalf of the board by:
Mr S K SETHER
Director
Company registration number: 04080221
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Approach Road, London, SW20 8BA.
NOVO RESOURCES LTD
Management Information
Year ended 31 December 2018
The following page does not form part of the financial statements.
NOVO RESOURCES LTD
Detailed Income Statement
Year ended 31 December 2018
2018
2017
£
£
Turnover
94,796
99,323
Other income
44
179
Staff costs
8,359
8,138
Depreciation and other amounts written off assets
11
15
Other charges
3,027
1,017
--------
--------
83,443
90,332
--------
--------
NOVO RESOURCES LTD
Notes to the Detailed Income Statement
Year ended 31 December 2018
2018
2017
£
£
Other income
Other operating income
-
179
Interest on bank deposits
44
-
----
----
44
179
----
----
Staff costs
Directors salaries
8,359
8,138
-------
-------
Depreciation and other amounts written off assets
Depreciation of tangible assets
11
15
----
----
Other charges
Other establishment expenses
208
-
Travel and subsistence
903
-
Telephone
164
145
Legal and professional fees (allowable)
600
-
Accountancy fees
1,152
872
-------
-------
3,027
1,017
-------
-------