Accounts filed on 31-03-2020

			Company registration number:11832619
		N V ASSOCIATES LIMITED
			FINANCIAL STATEMENTS
			FOR THE PERIOD ENDED 31 March 2020

---

N V ASSOCIATES LIMITED
BALANCE SHEET
AS AT 31 March 2020
					2020
				Notes	£		£
FIXED ASSETS
Tangible assets				3			3,860
							3,860
CURRENT ASSETS
Stocks					25,250
Debtors				4	56,751
Cash at bank and in hand					17,960
					99,961
CREDITORS
Amounts falling due within one year				5	(9,717)
NET CURRENT ASSETS							90,244
TOTAL ASSETS LESS
CURRENT LIABILITIES							94,104
Creditors falling due after one year				6			(91,227)
NET ASSETS							2,877
CAPITAL AND RESERVES
Called-up equity share capital				7			100
Profit and loss account							2,777
SHAREHOLDERS FUNDS							2,877
For the period ending 31 March 2020 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 16 February 2021 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Noshad Varma
16 February 2021
The annexed notes form part of these financial statements.

N V ASSOCIATES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2020
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
	Changes in equity
	Share issue			100	0	0	0	0	100
	Dividend			0	0	(2,000)	0	0	(2,000)
	Total comprehensive income			0	0	4,777	0	0	4,777
	Balance at 31 March 2020			100	0	2,777	0	0	2,877

---

N V ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

1.

Accounting policies

Statutory information

NV Associates Limited is a private company, limited by shares, incorporated in England and Wales. The presentation currency of the financial statements is the £ sterling.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 15% reducing balance basis

Fixtures and Fittings - 15% reducing balance basis

Stocks and Work In Progress

Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished good , cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 4.

3.	Tangible fixed assets
				Plant	F and F	Total
	Cost
	Additions			3,541	1,000	4,541
	At end of period			3,541	1,000	4,541
	Depreciation
	Provided during the period			531	150	681
	At end of period			531	150	681
	Net Book Value
	At end of period			3,010	850	3,860

4.	Debtors
					2020
					£
	Due within one year
	Trade Debtors				56,751
					56,751

5.	Creditors due within one year
					2020
					£
	Corporation Tax				225
	Other taxes and social security costs				3,142
	Other creditors				1,235
	Accruals and deferred income				2,866
	Loan from directors				2,249
					9,717
6.	Creditors due after one year
					2020
					£
	Loan from directors				91,227
					91,227

7.	Share capital				Alloted, Issued and fully paid
					2020
					£
	Ordinary shares of £1 each				100
	Total issued share capital				100