Nxtstep Solutions Limited - Period Ending 2016-04-05

Registration number: SC351903

Nxtstep Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2016
 

Lime Blue Accountancy Ltd
8 Albert Street
Aberdeen
AB25 1XQ

Nxtstep Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Nxtstep Solutions Limited
(Registration number: SC351903)
Abbreviated Balance Sheet at 5 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					917			495
Current assets
Debtors					16,149			13,364
Cash at bank and in hand					59,402			104,932
					75,551			118,296
Creditors: Amounts falling due within one year					(40,943)			(40,141)
Net current assets					34,608			78,155
Net assets					35,525			78,650
Capital and reserves
Called up share capital		3			2			1
Profit and loss account					35,523			78,649
Shareholders' funds					35,525			78,650

For the year ending 5 April 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 7 December 2016 and signed on its behalf by:

.........................................
H Shiach
Director

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

Nxtstep Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 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	33% on cost

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 6 April 2015		3,333			3,333
Additions		1,262			1,262
At 5 April 2016		4,595			4,595
Depreciation
At 6 April 2015		2,838			2,838
Charge for the year		840			840
At 5 April 2016		3,678			3,678
Net book value
At 5 April 2016		917			917
At 5 April 2015		495			495

Page 2

Nxtstep Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A of £1 each		1			1			1			1
Ordinary B of £1 each		1			1			-			-
		2			2			1			1

Page 3