Novo Integration Ltd - Period Ending 2016-06-30

Registration number: 08569891

Novo Integration Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

CCF Accountancy Ltd
Chartered Certified Accountants
Ground Floor
30 Victoria Avenue
Harrogate
North Yorkshire
HG1 5PR

Novo Integration Ltd
(Registration number: 08569891)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					-			10,000
Tangible fixed assets					20,369			8,634
					20,369			18,634
Current assets
Debtors					137,458			164,304
Cash at bank and in hand					86,400			77,760
					223,858			242,064
Creditors: Amounts falling due within one year					(141,871)			(167,100)
Net current assets					81,987			74,964
Total assets less current liabilities					102,356			93,598
Creditors: Amounts falling due after more than one year					-			(25,000)
Net assets					102,356			68,598
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					102,256			68,498
Shareholders' funds					102,356			68,598

For the year ending 30 June 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 22 December 2016 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
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Novo Integration Ltd
(Registration number: 08569891)
Abbreviated Balance Sheet at 30 June 2016
......... continued

.........................................
G Power
Director

.........................................
B R Duckworth
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Novo Integration Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 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

Positive goodwill is capitalised and included 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.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value over their estimated useful life as follows:

Asset class	Amortisation method and rate
Goodwill	3 years straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their estimated useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	3 years straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

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Novo Integration Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 July 2015		30,000			14,477			44,477
Additions		-			20,799			20,799
At 30 June 2016		30,000			35,276			65,276
Depreciation
At 1 July 2015		20,000			5,843			25,843
Charge for the year		10,000			9,064			19,064
At 30 June 2016		30,000			14,907			44,907
Net book value
At 30 June 2016		-			20,369			20,369
At 30 June 2015		10,000			8,634			18,634

3	Share capital

Allotted, called up and fully paid shares

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

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