Abbreviated Company Accounts - NEST - TEC LTD.

Abbreviated Company Accounts - NEST - TEC LTD.

NEST - TEC LTD. - Company Information

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Registered Number 04666520

NEST - TEC LTD.

Abbreviated Accounts

31 March 2016

NEST - TEC LTD. Registered Number 04666520

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 65,516 62,974
Investments 3 108,000 108,000
173,516 170,974
Current assets
Debtors 85,885 -
Cash at bank and in hand 131,236 2,049
217,121 2,049
Creditors: amounts falling due within one year (136,370) (30,208)
Net current assets (liabilities) 80,751 (28,159)
Total assets less current liabilities 254,267 142,815
Provisions for liabilities (1,103) -
Total net assets (liabilities) 253,164 142,815
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 253,162 142,813
Shareholders' funds 253,164 142,815
  • 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 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 20 December 2016

And signed on their behalf by:
Mr A Done, Director

NEST - TEC LTD. Registered Number 04666520

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The company is the parent undertaking of a small group and as such is not required by the
Companies Act 2006 to prepare group accounts. These financial statements therefore present
information about the company as an individual undertaking and not about its group.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold
land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost
of those assets, less their estimated residual value, over their expected useful lives on the following
bases:
Land and buildings - Not depreciated
Plant and machinery - 15% Reducing balance per annum

Other accounting policies
Investments
Investments held as fixed assets are shown at cost less provision for impairment.

2Tangible fixed assets
£
Cost
At 1 April 2015 65,729
Additions 5,134
Disposals (3,100)
Revaluations -
Transfers -
At 31 March 2016 67,763
Depreciation
At 1 April 2015 2,755
Charge for the year 973
On disposals (1,481)
At 31 March 2016 2,247
Net book values
At 31 March 2016 65,516
At 31 March 2015 62,974

Included in the cost of land and buildings is freehold land of £60,000 (2015: £60,000) which is not
depreciated.

3Fixed assets Investments
Cost or valuation

At 1 April 2015 and 31 March 2016 108,000

Net book value

At 31 March 2016 108,000
At 31 March 2015 108,000

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name Class of shares Holding

Agriquip Limited Ordinary 100 %

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2