NOMITECH LTD - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 07671768 (England and Wales)

NOMITECH LTD

Unaudited Financial Statements

for the Year Ended 30 June 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Chatzisymeon

A Chatzisymeon

REGISTERED OFFICE:

1 Park View Court

St Pauls Road

Shipley

West Yorkshire

BD18 3DZ

REGISTERED NUMBER:

07671768 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Intangible assets

4

120,391

73,046

Tangible assets

5

6,882

17,392

127,273

90,438

CURRENT ASSETS

Debtors

6

124,117

107,467

Cash at bank and in hand

297,776

179,638

421,893

287,105

CREDITORS

Amounts falling due within one year

7

149,312

141,308

NET CURRENT ASSETS

272,581

145,797

TOTAL ASSETS LESS CURRENT LIABILITIES

399,854

236,235

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

399,754

236,135

SHAREHOLDERS' FUNDS

399,854

236,235

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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2017 and were signed on its behalf by:

G Chatzisymeon - Director

1.	STATUTORY INFORMATION

NOMITECH LTD is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents fees generated from the provision of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer software

-

33% on cost

Deferred tax

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

sheet date.

Research and development

The company capitalises expenditure on specific software development and related activities which directly

contribute to scientific and technological advancement which it will actively market to its customers in future

years. Such expenditure is amortised over the succeeding five years in equal instalments.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 July 2015

91,307

Additions

82,008

At 30 June 2016

173,315

AMORTISATION

At 1 July 2015

18,261

Amortisation for year

34,663

At 30 June 2016

52,924

NET BOOK VALUE

At 30 June 2016

120,391

At 30 June 2015

73,046

5.	TANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 July 2015

52,175

Additions

10,323

At 30 June 2016

62,498

DEPRECIATION

At 1 July 2015

34,783

Charge for year

20,833

At 30 June 2016

55,616

NET BOOK VALUE

At 30 June 2016

6,882

At 30 June 2015

17,392

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

£

Trade debtors

124,117

107,467

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

£

Trade creditors

13,613

3,400

Taxation

9,906

11,532

Other creditors

125,793

126,376

149,312

141,308