Nodeweave Technologies Limited - Period Ending 2016-03-31

Registration number: 08002323

Nodeweave Technologies Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

First Class Accounting Limited
  8 Sherenden Park
  Golden Green
  Tonbridge
  Kent
  TN11 0LQ

Nodeweave Technologies Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Nodeweave Technologies Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nodeweave Technologies Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Director of Nodeweave Technologies Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nodeweave Technologies Limited and state those matters that we have agreed to state to you in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nodeweave Technologies Limited and its Director for our work or for this report.

It is your duty to ensure that Nodeweave Technologies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nodeweave Technologies Limited. You consider that Nodeweave Technologies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Nodeweave Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

 
 
 
 
 
  First Class Accounting Limited
  8 Sherenden Park
  Golden Green
  Tonbridge
  Kent
  TN11 0LQ

16 December 2016

Page 1

Nodeweave Technologies Limited
(Registration number: 08002323)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					340			340
Tangible fixed assets					360			648
					700			988
Current assets
Debtors					7,044			1,044
Cash at bank and in hand					14,341			495
					21,385			1,539
Creditors: Amounts falling due within one year					(28,814)			(17,821)
Net current liabilities					(7,429)			(16,282)
Net liabilities					(6,729)			(15,294)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(6,829)			(15,394)
Shareholders' deficit					(6,729)			(15,294)

For the year ending 31 March 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 16 December 2016

 
 Mr David Osideko
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Nodeweave Technologies Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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.

Goodwill

Amortisation

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Asset class	Amortisation method and rate
Goodwill	0%

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
Computer equipment	25% straight line

2	Fixed assets

Page 3

Nodeweave Technologies Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		340			1,529			1,869
Additions		-			204			204
At 31 March 2016		340			1,733			2,073
Depreciation
At 1 April 2015		-			881			881
Charge for the year		-			492			492
At 31 March 2016		-			1,373			1,373
Net book value
At 31 March 2016		340			360			700
At 31 March 2015		340			648			988

3	Share capital

Allotted, called up and fully paid shares

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

Page 4