Nucleate B Ltd Small abbreviated accounts

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COMPANY REGISTRATION NUMBER SC370232

Nucleate B Ltd

Unaudited Abbreviated Accounts

For the Year Ended

31 March 2016

THE A9 PARTNERSHIP LIMITED

Chartered Accountants

57-59 High Street

Dunblane

Perthshire

FK15 0EE

Nucleate B Ltd

Abbreviated Balance Sheet

31 March 2016

	2016		2015
Note	£	£	£	£

Current Assets

Debtors	103,217		74,880
Cash at bank and in hand	58,376		1,160
	---------		--------
	161,593		76,040
Creditors: Amounts Falling due Within One Year	128,270		69,629
	---------		--------
Net Current Assets		33,323		6,411
		--------		-------
Total Assets Less Current Liabilities		33,323		6,411
		--------		-------

Capital and Reserves

Called up equity share capital	2	2	2
Profit and loss account		33,321	6,409
		--------	-------
Shareholders' Funds		33,323	6,411
		--------	-------

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their 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 special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 11 November 2016 , and are signed on their behalf by:

Mr A Jeffrey Director

Company Registration Number: SC370232

Nucleate B Ltd

Notes to the Abbreviated Accounts

Year Ended 31 March 2016

1. ACCOUNTING POLICIES

Basis of accounting

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).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. 44% (2015 - 6%) of the total turnover is attributed to sales outwith the UK. Sale of goods is recognised when the company has delivered products to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured. Revenue from services is recognised when the services have been provided and the right to consideration has been earned.

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 the transaction. Exchange differences are taken into account in arriving at the operating profit.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. SHARE CAPITAL

Allotted, called up and fully paid:

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