Nivipine Ltd - Limited company accounts 17.3

REGISTERED NUMBER: 03110405

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Nivipine Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C W Potts

Mrs F Potts

SECRETARY:

Mrs F Potts

REGISTERED OFFICE:

38 The Street

Wallington

Hertfordshire

SG7 6 SW

REGISTERED NUMBER:

03110405

ACCOUNTANTS:

J A Dauncey

New Farm

Colesden

Bedford

Bedfordshire

MK44 3DB

The directors present their report with the financial statements of the company for the year ended 30 June 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2016 to the date of this

report.

C W Potts

Mrs F Potts

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Mrs F Potts - Secretary

19 February 2018

TURNOVER

115,430

211,360

Administrative expenses

63,477

112,414

OPERATING PROFIT and

PROFIT BEFORE TAXATION

51,953

98,946

Tax on profit

10,500

20,500

PROFIT FOR THE FINANCIAL
YEAR

41,453

78,446

CURRENT ASSETS

Debtors

4

77,371

58,280

Cash at bank

16,706

21,080

94,077

79,360

CREDITORS

Amounts falling due within one year

5

24,274

31,010

NET CURRENT ASSETS

69,803

48,350

TOTAL ASSETS LESS CURRENT
LIABILITIES

69,803

48,350

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

69,801

48,348

SHAREHOLDERS' FUNDS

69,803

48,350

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 February 2018 and were signed on
its behalf by:

C W Potts - Director

1.	STATUTORY INFORMATION

Nivipine Ltd is a private company,limited by shares registered in England.

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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at 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 recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average monthly number of employees during the year was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Trade debtors

34,342

15,251

Other debtors

43,029

77,371

58,280

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Taxation and social security

22,774

29,510

Other creditors

1,500

24,274

31,010