Nistad Ltd - Period Ending 2017-01-31
Nistad Ltd - Period Ending 2017-01-31
Registration number:
Nistad Ltd
for the Period from 14 January 2016 to 31 January 2017
Certified Accountants
Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Nistad Ltd
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Nistad Ltd
Company Information
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Director |
Mrs Ada Jabaru |
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Registered office |
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Accountants |
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Page 1 |
Nistad Ltd
Director's Report for the Period from 14 January 2016 to 31 January 2017
The director presents her report and the financial statements for the period from 14 January 2016 to 31 January 2017.
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is that of the provision of management consultancy services.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mrs Ada Jabaru
Director
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Page 2 |
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Nistad Ltd
for the Period Ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nistad Ltd for the period ended 31 January 2017 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of Nistad Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nistad Ltd and state those matters that we have agreed to state to the Board of Directors of Nistad Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nistad Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nistad Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nistad Ltd. You consider that Nistad Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Nistad Ltd. 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.
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Certified Accountants
120 Bunns Lane
Mill Hill
London
NW7 2AS
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Page 3 |
Nistad Ltd
Profit and Loss Account for the Period from 14 January 2016 to 31 January 2017
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Note |
Total |
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Turnover |
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Cost of sales |
( |
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Gross profit |
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Administrative expenses |
( |
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Operating profit |
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Profit before tax |
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Taxation |
( |
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Profit for the financial period |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
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Page 4 |
Nistad Ltd
Statement of Comprehensive Income for the Period from 14 January 2016 to 31 January 2017
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Note |
2017 |
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Profit for the period |
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Total comprehensive income for the period |
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Page 5 |
Nistad Ltd
(Registration number: 09951556)
Balance Sheet as at 31 January 2017
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Note |
2017 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mrs Ada Jabaru
Director
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Page 6 |
Nistad Ltd
Statement of Changes in Equity for the Period from 14 January 2016 to 31 January 2017
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Share capital |
Profit and loss account |
Total |
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At 14 January 2016 |
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- |
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Profit for the period |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
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At 31 January 2017 |
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Page 7 |
Nistad Ltd
Notes to the Financial Statements for the Period from 14 January 2016 to 31 January 2017
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General information |
The company is a private company limited by share capital incorporated in UK.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 8 |
Nistad Ltd
Notes to the Financial Statements for the Period from 14 January 2016 to 31 January 2017
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Debtors |
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2017 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
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Note |
2017 |
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Due within one year |
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Taxation and social security |
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Corporation tax liability |
12,305 |
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Dividends |
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2017 |
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£ |
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Interim dividend of £ |
34,900 |
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Page 9 |
Nistad Ltd
Detailed Profit and Loss Account for the Period from 14 January 2016 to 31 January 2017
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14 January 2016 to 31 January 2017 |
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Turnover (analysed below) |
110,582 |
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Cost of sales (analysed below) |
(9,577) |
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Gross profit |
101,005 |
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Gross profit (%) |
91.34% |
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Administrative expenses |
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Employment costs (analysed below) |
(9,527) |
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Establishment costs (analysed below) |
(6,958) |
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General administrative expenses (analysed below) |
(22,979) |
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Finance charges (analysed below) |
(15) |
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(39,479) |
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Operating profit |
61,526 |
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Profit before tax |
61,526 |
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Page 10 |
Nistad Ltd
Detailed Profit and Loss Account for the Period from 14 January 2016 to 31 January 2017
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2017 |
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Turnover |
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Sales |
110,582 |
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Cost of sales |
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Other direct costs (Cost of sales) |
9,577 |
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Employment costs |
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Director salary |
(8,052) |
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Staff training and welfare |
(1,475) |
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(9,527) |
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Establishment costs |
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Rent |
(6,958) |
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General administrative expenses |
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Telecommunications and data costs |
(1,694) |
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Computer & IT consumables |
(1,832) |
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Printing, postage and stationery |
(1,566) |
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Sundry expenses |
(902) |
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Motor expenses |
(4,908) |
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Travel and subsistence |
(7,011) |
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Accountancy fees |
(1,800) |
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Insurance |
(791) |
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Legal and professional fees |
(2,475) |
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(22,979) |
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Finance charges |
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Bank charges & commission |
(15) |
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Page 11 |
Nistad Ltd
Detailed Profit and Loss Account for the Period from 14 January 2016 to 31 January 2017
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2017 |
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Turnover |
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Sales |
110,582 |
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Raw materials and consumables used |
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Other direct costs (Cost of sales) |
9,577 |
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Employee benefits expense |
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Director salary |
8,052 |
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Staff training and welfare |
1,475 |
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9,527 |
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Other expenses |
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Rent |
6,958 |
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Telecommunications and data costs |
1,694 |
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Computer & IT consumables |
1,832 |
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Printing, postage and stationery |
1,566 |
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Sundry expenses |
902 |
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Motor expenses |
4,908 |
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Travel and subsistence |
7,011 |
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Accountancy fees |
1,800 |
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Insurance |
791 |
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Legal and professional fees |
2,475 |
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Bank charges & commission |
15 |
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29,952 |
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Page 12 |