Nashi Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04466885 (England and Wales)

Nashi Limited

Unaudited Financial Statements for the Year Ended 30 November 2019

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

8,475

11,300

Tangible assets

5

39,713

47,989

48,188

59,289

CURRENT ASSETS

Stocks

77,059

78,509

Debtors

6

144,908

144,050

Cash at bank and in hand

12,366

35,942

234,333

258,501

CREDITORS

Amounts falling due within one year

7

44,256

76,457

NET CURRENT ASSETS

190,077

182,044

TOTAL ASSETS LESS CURRENT LIABILITIES

238,265

241,333

PROVISIONS FOR LIABILITIES

7,066

9,000

NET ASSETS

231,199

232,333

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

231,197

232,331

231,199

232,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 November 2020 and were signed by:

Mrs P H Chohan - Director

1.	STATUTORY INFORMATION

Nashi Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

04466885

Registered office:

51 Harford Drive

Cassiobury

Watford

Hertfordshire

WD17 3DQ

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2018

and 30 November 2019

56,500

AMORTISATION

At 1 December 2018

45,200

Charge for year

2,825

At 30 November 2019

48,025

NET BOOK VALUE

At 30 November 2019

8,475

At 30 November 2018

11,300

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2018

13,280

155,384

168,664

Additions

-

2,477

2,477

At 30 November 2019

13,280

157,861

171,141

DEPRECIATION

At 1 December 2018

9,940

110,735

120,675

Charge for year

1,328

9,425

10,753

At 30 November 2019

11,268

120,160

131,428

NET BOOK VALUE

At 30 November 2019

2,012

37,701

39,713

At 30 November 2018

3,340

44,649

47,989

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Other debtors

144,908

144,050

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Taxation and social security

1,888

(802

)

Other creditors

42,368

77,259

44,256

76,457

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 November 2019 and 30 November 2018:

30.11.19

30.11.18

£

£

Mrs P H Chohan

Balance outstanding at start of year

65,472

29,365

Amounts advanced

11,568

81,649

Amounts repaid

(40,562

)

(45,542

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,478

65,472