Micro-entity Accounts - NIKKIS LIMITED

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Registered Number 04833714

NIKKIS LIMITED

Micro-entity Accounts

30 June 2017

NIKKIS LIMITED Registered Number 04833714

Micro-entity Balance Sheet as at 30 June 2017

	Notes	2017	2016
		£	£
Fixed assets
Intangible assets	1	60,000	60,000
Tangible assets	2	1,923	2,403
		61,923	62,403
Current assets
Stocks		20,930	30,290
Cash at bank and in hand		1,058	1,675
		21,988	31,965
Creditors: amounts falling due within one year		(15,666)	(12,977)
Net current assets (liabilities)		6,322	18,988
Total assets less current liabilities		68,245	81,391
Creditors: amounts falling due after more than one year		(51,944)	(66,344)
Total net assets (liabilities)		16,301	15,047
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		16,299	15,045
Shareholders' funds		16,301	15,047

For the year ending 30 June 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 March 2018

And signed on their behalf by:
MR RAJENDRA PATEL, Director

NIKKIS LIMITED Registered Number 04833714

Notes to the Micro-entity Accounts for the period ended 30 June 2017

1Intangible fixed assets

	£
Cost
At 1 July 2016	60,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2017	60,000
Amortisation
At 1 July 2016	-
Charge for the year	-
On disposals	-
At 30 June 2017	-
Net book values
At 30 June 2017	60,000
At 30 June 2016	60,000

2Tangible fixed assets

	£
Cost
At 1 July 2016	13,580
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2017	13,580
Depreciation
At 1 July 2016	11,177
Charge for the year	480
On disposals	-
At 30 June 2017	11,657
Net book values
At 30 June 2017	1,923
At 30 June 2016	2,403

3Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
2 Ordinary shares of £1 each	2	2

4Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on a reducing balance method as follows:
Fixture and fittings 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.