Novadus Limited - Period Ending 2016-06-30

Registration number: 08576889

Novadus Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Novadus Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Novadus Limited
(Registration number: 08576889)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			751			1,000
Current assets
Debtors					24,909			1,810
Cash at bank and in hand					26,197			75,395
					51,106			77,205
Creditors: Amounts falling due within one year					(32,563)			(19,069)
Net current assets					18,543			58,136
Net assets					19,294			59,136
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					19,194			59,036
Shareholders' funds					19,294			59,136

For the year ending 30 June 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 director acknowledges his 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 director on 11 September 2016

.........................................
Alexandre Sanseau
Director

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

Novadus Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 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

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Novadus Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		1,777			1,777
At 30 June 2016		1,777			1,777
Depreciation
At 1 July 2015		777			777
Charge for the year		249			249
At 30 June 2016		1,026			1,026
Net book value
At 30 June 2016		751			751
At 30 June 2015		1,000			1,000

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3