Novanym Limited - Accounts to registrar - small 17.2

Novanym Limited - Accounts to registrar - small 17.2

NOVANYM LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 05246110 Board of Directors 1.10.16 30.9.17 30.9.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure052461102016-09-30052461102017-09-30052461102016-10-012017-09-30052461102015-09-30052461102015-10-012016-09-30052461102016-09-3005246110ns15:EnglandWales2016-10-012017-09-3005246110ns14:PoundSterling2016-10-012017-09-3005246110ns10:Director12016-10-012017-09-3005246110ns10:PrivateLimitedCompanyLtd2016-10-012017-09-3005246110ns10:SmallEntities2016-10-012017-09-3005246110ns10:AuditExempt-NoAccountantsReport2016-10-012017-09-3005246110ns10:SmallCompaniesRegimeForDirectorsReport2016-10-012017-09-3005246110ns10:SmallCompaniesRegimeForAccounts2016-10-012017-09-3005246110ns10:FullAccounts2016-10-012017-09-3005246110ns10:Director22016-10-012017-09-3005246110ns10:CompanySecretary12016-10-012017-09-3005246110ns10:RegisteredOffice2016-10-012017-09-3005246110ns5:CurrentFinancialInstruments2017-09-3005246110ns5:CurrentFinancialInstruments2016-09-3005246110ns5:ShareCapital2017-09-3005246110ns5:ShareCapital2016-09-3005246110ns5:RetainedEarningsAccumulatedLosses2017-09-3005246110ns5:RetainedEarningsAccumulatedLosses2016-09-3005246110ns5:PlantMachinery2016-10-012017-09-3005246110ns5:FurnitureFittings2016-10-012017-09-3005246110ns5:ComputerEquipment2016-10-012017-09-3005246110ns5:PlantMachinery2016-09-3005246110ns5:FurnitureFittings2016-09-3005246110ns5:ComputerEquipment2016-09-3005246110ns5:PlantMachinery2017-09-3005246110ns5:FurnitureFittings2017-09-3005246110ns5:ComputerEquipment2017-09-3005246110ns5:PlantMachinery2016-09-3005246110ns5:FurnitureFittings2016-09-3005246110ns5:ComputerEquipment2016-09-3005246110ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-3005246110ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-09-30


REGISTERED NUMBER: 05246110 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

Novanym Limited

Novanym Limited (Registered number: 05246110)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Novanym Limited

COMPANY INFORMATION
for the Year Ended 30 September 2017







DIRECTORS: V T Bridgman
D Clark





SECRETARY: D Clark





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 05246110 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP
Page 1
Novanym Limited (Registered number: 05246110)

BALANCE SHEET
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,801 5,669

CURRENT ASSETS
Debtors 5 10,188 25,262
Cash at bank 72,310 49,648
82,498 74,910
CREDITORS
Amounts falling due within one year 6 45,053 38,764
NET CURRENT ASSETS 37,445 36,146
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,246
41,815

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 2,246 1,815
SHAREHOLDERS' FUNDS 42,246 41,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2017 and were signed on its behalf by:





D Clark - Director


The notes form part of these financial statements

Page 2
Novanym Limited (Registered number: 05246110)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Novanym Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised on the completion of
projects.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current tax recognised as the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is not recognised in respect of any timing differences that have originated but not reversed at the balance sheet
date since the amount is not considered to be material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2016 4,092 8,931 6,171 19,194
Additions - - 333 333
At 30 September 2017 4,092 8,931 6,504 19,527
DEPRECIATION
At 1 October 2016 2,766 8,698 2,061 13,525
Charge for year 266 46 889 1,201
At 30 September 2017 3,032 8,744 2,950 14,726
NET BOOK VALUE
At 30 September 2017 1,060 187 3,554 4,801
At 30 September 2016 1,326 233 4,110 5,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade debtors 1,750 20,376
Prepayments 8,438 4,886
10,188 25,262

Page 3 continued...
Novanym Limited (Registered number: 05246110)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade creditors 1,357 4,775
Corporation Tax 8,817 3,731
Social security and other taxes 1,217 -
VAT 2,590 5,028
Other creditors - 8,550
Directors' current accounts 29,416 15,000
Accrued expenses 1,656 1,680
45,053 38,764

7. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who hold the entire issued share capital equally.

8. FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not
impacted on equity or profit or loss.

Page 4