Nodex Enterprises Limited - Limited company - abbreviated - 11.9
Nodex Enterprises Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 May 2015 |
| for |
| Nodex Enterprises Limited |
| Nodex Enterprises Limited (Registered number: 01207184) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Nodex Enterprises Limited |
| Company Information |
| for the Year Ended 31 May 2015 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Nodex Enterprises Limited (Registered number: 01207184) |
| Abbreviated Balance Sheet |
| 31 May 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Nodex Enterprises Limited (Registered number: 01207184) |
| Abbreviated Balance Sheet - continued |
| 31 May 2015 |
| The financial statements were approved by the director on |
| Nodex Enterprises Limited (Registered number: 01207184) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008). |
| Turnover |
| Turnover represents income from rents receivable plus disbursements incurred, excluding value added |
| tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investment property |
| The company's properties are held for investment purposes. The properties are revalued annually at |
| their open market value in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve |
| except where the deficit reduces the property below its historical cost and this is considered |
| permanent. In this case, it is taken to the profit and loss account. No taxation charge arises from these |
| revaluations until the disposal of a property. No depreciation is provided on the properties, which is a |
| departure from the requirements of the Companies Act 2006. In the opinion of the directors, these |
| properties are held primarily for their investment potential and so their current value is of more |
| significance than any measure of consumption and to depreciate them would not give a true and fair |
| view. The provisions of the Financial Reporting Standard for Smaller Entities (effective April 2008) in |
| respect of investment properties have therefore been adopted in order to give a true and fair view. If |
| this departure from the Act had not been made, the profit for the year would have been reduced by |
| depreciation. However, the amount of depreciation cannot reasonably be quantified and the amount |
| which might otherwise have been shown cannot be separately identified or quantified. |
| The cost of the properties are recognised in the financial statements once an irrevocable purchase |
| contract has been entered into. Sales of properties are recorded once an irrevocable sales contract |
| has been entered into provided that the sale has completed by the date these financial statements are |
| approved by the Board. The properties are treated as fixed assets until the date of sale. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Nodex Enterprises Limited (Registered number: 01207184) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| Additions |
| At 31 May 2015 |
| DEPRECIATION |
| At 1 June 2014 |
| Charge for year |
| At 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 June 2014 |
| and 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | - | 60,975 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |