| Novo Solutions Ltd |
| Registered number: |
07604785 |
| Abbreviated Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,028 |
|
|
- |
|
| Current assets |
| Debtors |
|
|
127,421 |
|
|
74,343 |
| Cash at bank and in hand |
|
|
42,816 |
|
|
83,525 |
|
|
|
170,237 |
|
|
157,868 |
|
| Creditors: amounts falling due within one year |
|
|
(39,438) |
|
|
(56,184) |
|
| Net current assets |
|
|
|
130,799 |
|
|
101,684 |
|
| Net assets |
|
|
|
131,827 |
|
|
101,684 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
131,727 |
|
|
101,584 |
|
| Shareholders' funds |
|
|
|
131,827 |
|
|
101,684 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| M Hill |
| Director |
| Approved by the board on 14 September 2015 |
|
| Novo Solutions Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33.33% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
1,542 |
|
At 31 December 2014 |
1,542 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
514 |
|
At 31 December 2014 |
514 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
1,028 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Ms L Johansson |
|
Loan to shareholder with interest charged at the HMRC official rate of 4% repaid within 9 months of the year end. |
54,098 |
|
53,155 |
|
- |
|
107,253 |
|
|
|
|
54,098 |
|
53,155 |
|
- |
|
107,253 |
|
|
|
|
|
|
|
|
|
