Abbreviated Company Accounts - NIKKIS LIMITED

04833714 NIKKIS LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 04833714 2015-07-01 2016-06-30 04833714 2016-06-30 04833714 2015-06-30 04833714 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 04833714 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:Director3 2015-07-01 2016-06-30 uk-gaap-cd-bus:Director3 2016-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 04833714

NIKKIS LIMITED

Abbreviated Accounts

30 June 2016

NIKKIS LIMITED Registered Number 04833714

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	60,000	60,000
Tangible assets	3	2,403	3,004
		62,403	63,004
Current assets
Stocks		30,290	35,590
Cash at bank and in hand		1,675	614
		31,965	36,204
Creditors: amounts falling due within one year		(12,977)	(14,652)
Net current assets (liabilities)		18,988	21,552
Total assets less current liabilities		81,391	84,556
Creditors: amounts falling due after more than one year		(66,344)	(70,606)
Total net assets (liabilities)		15,047	13,950
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		15,045	13,948
Shareholders' funds		15,047	13,950

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 24 March 2017

And signed on their behalf by:
MR RAJENDRA PATEL, Director

NIKKIS LIMITED Registered Number 04833714

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on a reducing balance method as follows:
Fixture and fittings 20%
Motor vehicles 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.

2Intangible fixed assets

	£
Cost
At 1 July 2015	60,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	60,000
Amortisation
At 1 July 2015	-
Charge for the year	-
On disposals	-
At 30 June 2016	-
Net book values
At 30 June 2016	60,000
At 30 June 2015	60,000

3Tangible fixed assets

	£
Cost
At 1 July 2015	13,580
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	13,580
Depreciation
At 1 July 2015	10,576
Charge for the year	601
On disposals	-
At 30 June 2016	11,177
Net book values
At 30 June 2016	2,403
At 30 June 2015	3,004

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	MR RAJENDRA PATEL
Description of the transaction:	DIRECTOR
Balance at 1 July 2015:	£ 70,606
Advances or credits made:	£ 22,237
Advances or credits repaid:	£ 26,499
Balance at 30 June 2016:	£ 66,344

The ultimate controlling parties are MR RAJENDRA PATEL and MRS CHETNABEN PATEL by virtue of their ownership of 50% each in the ordinary share capital of the company.