NOKOMIS_AND_BOR_LIMITED - Accounts

NOKOMIS AND BOR LIMITED - Company Information

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Company Registration No. 06375717 (England and Wales)

NOKOMIS AND BOR LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

NOKOMIS AND BOR LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NOKOMIS AND BOR LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

91,165

92,008

Current assets

Debtors

1,338

12,594

Cash at bank and in hand

13,408

6,146

14,746

18,740

Creditors: amounts falling due within one year

(221,734)

(184,568)

Net current liabilities

(206,988)

(165,828)

Total assets less current liabilities

(115,823)

(73,820)

Capital and reserves

Called up share capital

Profit and loss account

(115,827)

(73,824)

Shareholders' funds

(115,823)

(73,820)

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 28 June 2017

Mr C Maenpaa

Director

Company Registration No. 06375717

NOKOMIS AND BOR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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, as follows:

Land and buildings freehold

none

Plant and machinery

25% straight line

Fixtures, fittings & equipment

10% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Fixed assets

Tangible assets

Cost

At 1 October 2015 & at 30 September 2016

97,994

Depreciation

At 1 October 2015

5,986

Charge for the year

843

At 30 September 2016

6,829

Net book value

At 30 September 2016

91,165

At 30 September 2015

92,008

NOKOMIS AND BOR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

4 ordinary shares of £1 each