Nikkerball Limited - Period Ending 2016-01-31

Registration number: 07500370

Nikkerball Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Nikkerball Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Nikkerball Limited
(Registration number: 07500370)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			725			967
Current assets
Debtors					8,126			8,632
Cash at bank and in hand					8,318			6,717
					16,444			15,349
Creditors: Amounts falling due within one year					(17,557)			(18,800)
Net current liabilities					(1,113)			(3,451)
Net liabilities					(388)			(2,484)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(390)			(2,486)
Shareholders' deficit					(388)			(2,484)

For the year ending 31 January 2016 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 14 June 2016 and signed on its behalf by:

.........................................
Marius Van Wyk
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Nikkerball Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Nikkerball Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		2,248			2,248
At 31 January 2016		2,248			2,248
Depreciation
At 1 February 2015		1,281			1,281
Charge for the year		242			242
At 31 January 2016		1,523			1,523
Net book value
At 31 January 2016		725			725
At 31 January 2015		967			967

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

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