NXO_LIMITED - Accounts

NXO LIMITED - Company Information

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Company Registration No. 4782553 (England and Wales)

NXO LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

NXO LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

NXO LIMITED

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NXO LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NXO Limited for the year ended 30 September 2016 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of NXO Limited, as a body, in accordance with the terms of our engagement letter dated 1 April 2017. Our work has been undertaken solely to prepare for your approval the financial statements of NXO Limited and state those matters that we have agreed to state to the Board of Directors of NXO Limited, 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 NXO Limited and its Board of Directors as a body, for our work or for this report.

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

Moore and Smalley

Chartered Accountants

30 June 2017

NXO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 2 -

2016

2015

Notes

Fixed assets

Intangible assets

258,140

Tangible assets

6,503

4,343

264,643

262,483

Current assets

Stocks

46,000

22,000

Debtors

41,495

111,933

Cash at bank and in hand

1,783

78,429

89,278

212,362

Creditors: amounts falling due within one year

(64,273)

(169,918)

Net current assets

25,005

42,444

Total assets less current liabilities

289,648

304,927

Creditors: amounts falling due after more than one year

(9,535)

(26,053)

Provisions for liabilities

(1,106)

279,007

278,874

Capital and reserves

Called up share capital

9,889

Revaluation reserve

238,570

Profit and loss account

30,548

30,415

Shareholders' funds

279,007

278,874

NXO LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 3 -

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 for issue on 30 June 2017

Mr Philip Dyer

Director

Company Registration No. 4782553

NXO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Fixtures, fittings & equipment

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Financial instruments

Fixed assets

Intangible assets

Tangible assets

Total

Cost or valuation

At 1 October 2015

258,140

12,493

270,633

Additions

4,627

At 30 September 2016

258,140

17,120

275,260

Depreciation

At 1 October 2015

8,150

Charge for the year

2,467

At 30 September 2016

10,617

Net book value

At 30 September 2016

258,140

6,503

264,643

At 30 September 2015

258,140

4,343

262,483

NXO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000

8,889 Preference of £1 each

8,889

9,889