Nivipine Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 03110405

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2016

for

Nivipine Ltd

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C W Potts

Mrs F Potts

SECRETARY:

Mrs F Potts

REGISTERED OFFICE:

38 The Street

Wallington

Hertfordshire

SG7 6 SW

REGISTERED NUMBER:

03110405

ACCOUNTANTS:

J A Dauncey

New Farm

Colesden

Bedford

Bedfordshire

MK44 3DB

The directors present their report with the financial statements of the company for the year ended 30 June 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2015 to the date of this

report.

C W Potts

Mrs F Potts

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Mrs F Potts - Secretary

6 March 2017

TURNOVER

211,360

120,155

Administrative expenses

112,414

58,350

OPERATING PROFIT and

PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

98,946

61,805

Tax on profit on ordinary activities

3

20,500

10,800

PROFIT FOR THE FINANCIAL
YEAR

78,446

51,005

CURRENT ASSETS

Debtors

5

58,280

43,029

Cash at bank

21,080

40,226

79,360

83,255

CREDITORS

Amounts falling due within one year

6

31,010

23,951

NET CURRENT ASSETS

48,350

59,304

TOTAL ASSETS LESS CURRENT
LIABILITIES

48,350

59,304

CAPITAL AND RESERVES

Called up share capital

7

2

Profit and loss account

8

48,348

59,302

SHAREHOLDERS' FUNDS

48,350

59,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 6 March 2017 and were signed on its
behalf by:

C W Potts - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	OPERATING PROFIT

The operating profit is stated after charging:

30.6.16

30.6.15

£

Directors' remuneration and other benefits etc

11,250

24,000

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.6.16

30.6.15

£

Current tax:

UK corporation tax

20,500

10,800

Tax on profit on ordinary activities

20,500

10,800

4.

DIVIDENDS

30.6.16

30.6.15

£

ordinary shares of £1 each

Interim

89,400

23,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

Trade debtors

15,251

-

Other debtors

43,029

58,280

43,029

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

Taxation and social security

29,510

17,451

Other creditors

1,500

6,500

31,010

23,951

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

2

ordinary

£1

2

8.

RESERVES

Profit

and loss

account

£

At 1 July 2015

59,302

Profit for the year

78,446

Dividends

(89,400

)

At 30 June 2016

48,348