NEXOID LTD - Period Ending 2016-04-30

Registration number: 09015573

NEXOID LTD

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

NEXOID LTD
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
NEXOID LTD
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEXOID LTD for the year ended 30 April 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 Board of Directors of NEXOID LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of NEXOID LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEXOID LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NEXOID LTD 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 NEXOID LTD. You consider that NEXOID LTD 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 NEXOID LTD. 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.

......................................

Flanton & Co
12 JOHN PRINCES STREET
LONDON
London
W1G 0JR

20 December 2016

Page 1

NEXOID LTD
(Registration number: 09015573)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £			30 April 2015 £
Fixed assets
Tangible fixed assets					2,574			1,012
Current assets
Debtors					14,400			-
Cash at bank and in hand					50,175			21,347
					64,575			21,347
Creditors: Amounts falling due within one year					(65,270)			(21,536)
Net current liabilities					(695)			(189)
Net assets					1,879			823
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					1,878			822
Shareholders' funds					1,879			823

For the year ending 30 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 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 20 December 2016

.........................................
Jonathon Mark Grantham
Director

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

NEXOID LTD
Notes to the Abbreviated Accounts for the Year Ended 30 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	25% reducing balance method

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 1 May 2015		1,350			1,350
Additions		2,420			2,420
At 30 April 2016		3,770			3,770
Depreciation
At 1 May 2015		338			338
Charge for the year		858			858
At 30 April 2016		1,196			1,196
Net book value
At 30 April 2016		2,574			2,574
At 30 April 2015		1,012			1,012

Page 3

NEXOID LTD
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 April 2016						30 April 2015
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

4

Control

The company is controlled by JONATHON GRANTHAM LTD.

Page 4