Abbreviated Company Accounts - NOVA PRODUCTS LIMITED

NOVA PRODUCTS LIMITED - Company Information

02705156 NOVA PRODUCTS LIMITED 2014-04-30 false 2013-07-01 2014-04-30 true 02705156 2013-07-01 2014-04-30 02705156 2014-04-30 02705156 2013-06-30 02705156 uk-gaap-cd-bus:Director1 2013-07-01 2014-04-30 02705156 uk-gaap-cd-bus:Director2 2013-07-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-07-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-06-30 uk-gaap-cd-bus:Director4 2013-07-01 2014-04-30 uk-gaap-cd-bus:Director4 2014-04-30 uk-gaap-cd-bus:Director4 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 02705156

NOVA PRODUCTS LIMITED

Abbreviated Accounts

30 April 2014

NOVA PRODUCTS LIMITED Registered Number 02705156

Abbreviated Balance Sheet as at 30 April 2014

	Notes	30/04/2014	30/06/2013
		£	£
Current assets
Stocks		-	490
Debtors		2,316	14,430
Cash at bank and in hand		103	266
		2,419	15,186
Creditors: amounts falling due within one year		(1,721)	(5,840)
Net current assets (liabilities)		698	9,346
Total assets less current liabilities		698	9,346
Total net assets (liabilities)		698	9,346
Capital and reserves
Called up share capital	2	420	420
Profit and loss account		278	8,926
Shareholders' funds		698	9,346

For the year ending 30 April 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 16 April 2015

And signed on their behalf by:
P. MacDougall, Director

NOVA PRODUCTS LIMITED Registered Number 02705156

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

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

Hire Purchase Agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Called Up Share Capital
Allotted, called up and fully paid:

	30/04/2014 £	30/06/2013 £
420 Ordinary shares of £1 each	420	420

3Transactions with directors

Name of director receiving advance or credit:	Mr P MacDougall
Description of the transaction:	Loan to Mr P MacDougall
Balance at 1 July 2013:	£ 8,262
Advances or credits made:	-
Advances or credits repaid:	£ 8,262
Balance at 30 April 2014:	£ 0

Name of director receiving advance or credit:	Mr P MacDougall
Description of the transaction:	Loan from Mr P MacDougall
Balance at 1 July 2013:	£ 0
Advances or credits made:	£ 23
Advances or credits repaid:	£ 0
Balance at 30 April 2014:	£ 23