NES (Testing) Limited - Period Ending 2016-11-30

Registration number: 04385863

NES (Testing) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Booth Parkes & Associates Limited
Chartered Accountants
Southolme
Trinity Street
Gainsborough
Lincolnshire
DN21 2EQ

NES (Testing) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

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 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
NES (Testing) Limited
for the Year Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have complied the financial statements of NES (Testing) Limited for the year ended 30 November 2016 which comprise of the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given to 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of NES (Testing) Limited, as a body, in accordance with the terms of our engagement letterdated 7 August 2006. Our work has been undertaken solely to prepare for your approval the accounts of NES (Testing) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NES (Testing) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NES (Testing) Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NES (Testing) Limited. You consider that NES (Testing) Limited 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 NES (Testing) Limited. 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.

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

Booth Parkes & Associates Limited
Chartered Accountants
Southolme
Trinity Street
Gainsborough
Lincolnshire
DN21 2EQ

13 April 2017

Page 1

NES (Testing) Limited
(Registration number: 04385863)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Current assets
Debtors					40,726			2,767
Cash at bank and in hand					2,414			45,873
					43,140			48,640
Creditors: Amounts falling due within one year					(636)			(7,715)
Net assets					42,504			40,925
Capital and reserves
Called up share capital		2			10			10
Profit and loss account					42,494			40,915
Shareholders' funds					42,504			40,925

For the year ending 30 November 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 28 March 2017 and signed on its behalf by:

.........................................
Mr G M J Tuczemskyi
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

NES (Testing) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

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	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		10			10			10			10

3	Related party transactions

During the year the company made the following related party transactions:

Northern Energy Services Limited ( A company controlled by Mr G M J Tuczemskyi )   During the year, services were sold to the above company amounting to £1,000 (2015 - £nil). Goods and services were also purchased from the above company amounting to £1,268 (2015 - £nil). All transactions were provided on normal commercial terms . At the balance sheet date the amount due to Northern Energy Services Limited was £nil ( 2015 - £7,235 ) .

Also during the year an interest free loan was advanced amounting to £52,893. At the balance sheet date the amount due from Northern Energy Services Limited was £40,663 (2015 - £nil)

Page 3