Nationwide Home Innovations Limited - Accounts to registrar - small 17.2
Nationwide Home Innovations Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| FOR |
| NATIONWIDE HOME INNOVATIONS LIMITED |
| NATIONWIDE HOME INNOVATIONS LIMITED (REGISTERED NUMBER: 06778672) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NATIONWIDE HOME INNOVATIONS LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 November 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| NATIONWIDE HOME INNOVATIONS LIMITED (REGISTERED NUMBER: 06778672) |
| BALANCE SHEET |
| 30 November 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Profit and loss account | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| NATIONWIDE HOME INNOVATIONS LIMITED (REGISTERED NUMBER: 06778672) |
| BALANCE SHEET - continued |
| 30 November 2016 |
| The financial statements were approved by the Board of Directors on |
| NATIONWIDE HOME INNOVATIONS LIMITED (REGISTERED NUMBER: 06778672) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisisition of businesses in 2009 & 2014, is being |
| amortised evenly over its estimated useful life of ten years. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2015 |
| and 30 November 2016 |
| AMORTISATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| NATIONWIDE HOME INNOVATIONS LIMITED (REGISTERED NUMBER: 06778672) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2015 |
| Additions |
| At 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 December 2015 |
| and 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors | 3,911 | 2,371 |
| Other debtors | 472,605 | 371,773 |
| NATIONWIDE HOME INNOVATIONS LIMITED (REGISTERED NUMBER: 06778672) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2016 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2016 | 2015 |
| £ | £ |
| 7. | OPERATING LEASE COMMITMENTS |
| The following operating lease payments are committed to be paid within one year: |
| 2016 | 2015 |
| £ | £ |
| Expiring: |
| Within one year |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts | 100 | 1,653 |
| 9. | PROVISIONS FOR LIABILITIES |
| 2016 | 2015 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowance |
| Other provisions | 6,659 | 6,552 |
| 11,109 | 10,637 |
| Deferred | Other |
| tax | provisions |
| £ | £ |
| Balance at 1 December 2015 |
| Provided during year |
| Movement in the year |
| Balance at 30 November 2016 |
| NATIONWIDE HOME INNOVATIONS LIMITED (REGISTERED NUMBER: 06778672) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2016 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 11. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 December 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 November 2016 |
| 12. | PENSION COMMITMENTS |
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from |
| those of the company. Contributions paid by the company to the scheme amounted to £430 (2015 - £592). There |
| were no prepaid or accrued contributions at the balance sheet date. |
| 13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 November 2016 and |
| 30 November 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| 14. | RELATED PARTY DISCLOSURES |
| The company was controlled throughout the current and previous years by the directors, Mr O Fallon and Mr J |
| Marshall, by virtue of their ownership of the entire issued share capital of the company. |
| During the year, the company paid dividends totalling £300,000 (2015 - £252,000 ) to the directors. |