Novitech Ltd

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Registered number: 05775107

Novitech Ltd

Abbreviated accounts

For The Year Ended 30 April 2016

G Salomon & Co Limited t/a e-ccountant

Chartered Accountants (ICAEW Firm No C002695327)

Office 3K6, Redwither Tower

Redwither Business Park

Wrexham

LL13 9XT

Novitech Ltd

Company No. 05775107

Abbreviated Balance Sheet 30 April 2016

Abbreviated Balance Sheet

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		8,867		1,549

			8,867		1,549
CURRENT ASSETS
Debtors		2,597		2,902
Cash at bank and in hand		4,613		6,207

		7,210		9,109
Creditors: Amounts Falling Due Within One Year		(15,035)		(6,279)

NET CURRENT ASSETS (LIABILITIES)			(7,825)		2,830

TOTAL ASSETS LESS CURRENT LIABILITIES			1,042		4,379

NET ASSETS			1,042		4,379

CAPITAL AND RESERVES
Called up share capital	3		501		501
Profit and Loss Account			541		3,878

SHAREHOLDERS' FUNDS			1,042		4,379

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Novitech Ltd

Company No. 05775107

Abbreviated Balance Sheet (continued) 30 April 2016

For the year ending 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Boris Stefanov

16/08/2016

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Novitech Ltd

Notes to the Abbreviated Accounts

For The Year Ended 30 April 2016

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Tangible Assets


	Total
Cost	£
As at 1 May 2015	8,259
Additions	10,273

As at 30 April 2016	18,532

Depreciation
As at 1 May 2015	6,710
Provided during the period	2,955

As at 30 April 2016	9,665

Net Book Value
As at 30 April 2016	8,867

As at 1 May 2015	1,549

Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	501	501	501

Ultimate Controlling Party

The company's ultimate controlling party is Boris Stefanov by virtue of his ownership of 100% of the issued share capital in the company.

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