Nivoflex_UK_Limited - Accounts

NIVOFLEX UK LTD - Company Information

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Nivoflex UK Limited

Unaudited Abbreviated Accounts

For the year ended 31 March 2016

Company Registration No. 05389099 (England and Wales)

Nivoflex UK Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

Nivoflex UK Limited

Abbreviated Balance Sheet

As at 31 March 2016

Page 1

2016

2015

Notes

Current assets

Stocks

22,500

Debtors

57,413

59,701

Cash at bank and in hand

9,769

79,962

69,470

Creditors: amounts falling due within one year

(72,817)

(64,537)

Total assets less current liabilities

7,145

4,933

Capital and reserves

Called up share capital

Profit and loss account

7,144

4,932

Shareholders' funds

7,145

4,933

For the financial 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.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2016

P S L Parsons

Director

Company Registration No. 05389099

Nivoflex UK Limited

Notes to the Abbreviated Accounts

For the year ended 31 March 2016

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Going concern

The company has net assets at 31 March 2016 of £7,145 (2015: £4,933). However, this includes £42,605 (2015: £59,130) due from related parties which is anticipated to be recoverable. If there were delays in recovering these amounts the directors believe that the company would be able to agree terms with the company's creditors such that the company would be able to continue to trade. The accounts have therefore been prepared on a going concern basis.

1.3

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.4

Turnover

Turnover represents amounts receivable for the supply of staging products, net of VAT and trade discounts.

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £1 each

Control

During the year the company was under the control of the director, P S L Parsons.

Transactions with directors

During the year the company was charged consultancy fees of £168 (2015: £nil) by Leonard Finn & Co Services Limited, a corporate director of the company.