Nuvola Distribution Limited - Limited company - abbreviated

REGISTERED NUMBER: 08538333 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

NUVOLA DISTRIBUTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

5

DIRECTORS:

Mrs J P Emerson

N R Emerson

M A Lloyd

J R Webster

REGISTERED OFFICE:

Unit B2, Lambs Farm Business Park

Basingstoke Road

Swallowfield

Reading

Berkshire

RG7 1PQ

REGISTERED NUMBER:

08538333 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Tangible assets

2

2,711

3,959

CURRENT ASSETS

Stocks

147,532

105,229

Debtors

233,561

159,711

Cash at bank

12,816

7,901

393,909

272,841

CREDITORS

Amounts falling due within one year

436,567

338,861

NET CURRENT LIABILITIES

(42,658

)

(66,020

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,947

)

(62,061

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(40,047

)

(62,161

)

SHAREHOLDERS' FUNDS

(39,947

)

(62,061

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 November 2015 and were signed on its behalf
by:

M A Lloyd - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

The financial statements have been prepared on a going concern basis as in the opinion of the directors, the

Company will become profitable in future years. The parent company, who have common directors intend to

continue to support the company for the foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

5,000

DEPRECIATION

At 1 July 2014

1,041

Charge for year

1,248

At 30 June 2015

2,289

NET BOOK VALUE

At 30 June 2015

2,711

At 30 June 2014

3,959

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2015 and the period

ended 30 June 2014:

2015

2014

£

M A Lloyd

Balance outstanding at start of year

-

Amounts advanced

3,225

-

Amounts repaid

(3,163

)

-

Balance outstanding at end of year

62

-

The overdrawn loan account balance was repaid within nine months of the year end.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Nuvola Distribution Limited for the year ended 30 June 2015 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Nuvola Distribution Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nuvola Distribution Limited and state those matters that we have agreed to state to the Board of Directors of Nuvola Distribution Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nuvola Distribution Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nuvola Distribution Limited. You consider that Nuvola Distribution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nuvola Distribution Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LFM