Novex (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09591177 (England and Wales)

NOVEX (UK) LTD

ABBREVIATED ACCOUNTS

FOR THE PERIOD

14 MAY 2015 TO 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr E L James

Mrs E R James

Mr C James

Mrs W James

REGISTERED OFFICE:

Aspen House

Stephenson Road

Colchester

Essex

CO4 9QR

REGISTERED NUMBER:

09591177 (England and Wales)

ACCOUNTANTS:

Oldfield Accountants

Santis House

Curriers Close

Coventry

West Midlands

CV4 8AW

FIXED ASSETS

Investments

2

44,340

CURRENT ASSETS

Cash at bank

10,000

NET CURRENT ASSETS

10,000

TOTAL ASSETS LESS CURRENT LIABILITIES

54,340

CREDITORS

Amounts falling due after more than one year

9,900

NET ASSETS

44,440

CAPITAL AND RESERVES

Called up share capital

3

44,440

SHAREHOLDERS' FUNDS

44,440

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 29 September 2016 and were signed on its behalf by:

Mr C James - 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 January 2015).

The company was dormant throughout the period ended 31 December 2015.

Deferred tax

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

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	FIXED ASSET INVESTMENTS

Investment

other

than

loans

£

COST

Additions

44,340

At 31 December 2015

44,340

NET BOOK VALUE

At 31 December 2015

44,340

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Novex Group SRL

Country of incorporation: Italy

Nature of business: Exporting and distributing products

%

Class of shares:

holding

Ordinary

100.00

2015

£

Aggregate capital and reserves

284,271

Profit for the period

89,463

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

4,459

'A'

£1

4,459

8,893

'B'

£1

8,893

4,459

'C'

£1

4,459

8,893

'D'

£1

8,893

4,434

'E'

£1

4,434

4,434

'F'

£1

4,434

8,868

'G'

£1

8,868

44,440

The following shares were issued during the period for cash at par :

4,459 'A' shares of £1

8,893 'B' shares of £1

4,459 'C' shares of £1

8,893 'D' shares of £1

4,434 'E' shares of £1

4,434 'F' shares of £1

8,868 'G' shares of £1