Nexis Solutions Limited - Limited company accounts 11.7

REGISTERED NUMBER: 08071582 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2015

for

Nexis Solutions Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A Smith

REGISTERED OFFICE:

Upperton Farmhouse

2 Enys Road

Eastbourne

East Sussex

BN21 2DE

REGISTERED NUMBER:

08071582 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 31 March 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Business Services.

DIRECTOR

A Smith held office during the whole of the period from 1 April 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A Smith - Director

21 December 2015

TURNOVER

406,564

376,124

Cost of sales

-

1,757

GROSS PROFIT

406,564

374,367

Administrative expenses

415,898

388,135

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(9,334

)

(13,768

)

Tax on loss on ordinary activities

3

-

-

LOSS FOR THE FINANCIAL YEAR

(9,334

)

(13,768

)

CURRENT ASSETS

Debtors

4

52,181

78,254

Cash at bank

173

429

52,354

78,683

CREDITORS

Amounts falling due within one year

5

81,299

98,294

NET CURRENT LIABILITIES

(28,945

)

(19,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,945

)

(19,611

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Profit and loss account

8

(29,045

)

(19,711

)

SHAREHOLDERS' FUNDS

(28,945

)

(19,611

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 21 December 2015 and were signed by:

A Smith - 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 business services, excluding value added tax.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	OPERATING LOSS

The operating loss is stated after charging:

31.3.15

31.3.14

£

£

Pension costs

9,670

5,677

Directors' remuneration and other benefits etc

-

15,923

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2015 nor for the year

ended 31 March 2014.

4.

DEBTORS

31.3.15

31.3.14

£

£

Amounts falling due within one year:

Trade debtors

49,913

75,986

Other debtors

5,148

2,268

55,061

78,254

Amounts falling due after more than one year:

Other debtors

(2,880

)

-

Aggregate amounts

52,181

78,254

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.15

31.3.14

£

£

Bank loans and overdrafts

-

2,445

Trade creditors

2,506

5,517

Amounts owed to group undertakings

62,477

63,977

Taxation and social security

15,753

24,938

Other creditors

563

1,417

81,299

98,294

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.15

31.3.14

£

£

Bank overdraft

-

2,445

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Profit

and loss

account

£

At 1 April 2014

(19,711

)

Deficit for the year

(9,334

)

At 31 March 2015

(29,045

)

9.	RELATED PARTY DISCLOSURES

Enys Road Limited

A company in which Mr A Smith is a director.

During the year, rent and service charges totalling £20,565 have been paid to Enys Road Limited

10.	ULTIMATE CONTROLLING PARTY

Nexis Solutions Limited is a wholly owed subsidiary of Nexis Holdings Limited (incorporated in the Marshall

Islands).

Nexis Holdings Limited is a wholly owed subsidiary of Callisto Holdings Limited (incorporated in the

Seychelles)

Nexis Solutions Ltd has no ultimate controlling party.