Nailco Limited - Accounts to registrar (filleted) - small 17.3
Nailco Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2017 |
for |
NAILCO LIMITED |
NAILCO LIMITED (REGISTERED NUMBER: 02691770) |
Contents of the Financial Statements |
for the year ended 31 December 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 5 |
NAILCO LIMITED |
Company Information |
for the year ended 31 December 2017 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
NAILCO LIMITED (REGISTERED NUMBER: 02691770) |
Balance Sheet |
31 December 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Capital redemption reserve | 8 |
Retained earnings | 8 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors on |
NAILCO LIMITED (REGISTERED NUMBER: 02691770) |
Notes to the Financial Statements |
for the year ended 31 December 2017 |
1. | Statutory information |
Nailco Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
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. |
Taxation |
Taxation for the year comprises current 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2017 |
and 31 December 2017 |
Depreciation |
At 1 January 2017 |
Charge for year |
At 31 December 2017 |
Net book value |
At 31 December 2017 |
At 31 December 2016 |
NAILCO LIMITED (REGISTERED NUMBER: 02691770) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2017 |
5. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
6. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 5,489 | 3,967 |
Other creditors |
Directors' current accounts | 5,000 | 7,000 |
Accrued expenses |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary Shares | £1 | 6,700 | 9,000 |
Ordinary B Shares | £1 | 1,000 | 1,000 |
7,700 | 10,000 |
8. | Reserves |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2017 | 865,027 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Purchase of own shares | (200,000 | ) | 2,300 | (197,700 | ) |
At 31 December 2017 | 718,202 |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Nailco Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other |
primary statements and the Report of the Directors are not required to be filed with the Registrar of |
Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Nailco Limited for the year ended 31 December 2017 which comprise the Statement of Income |
and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Nailco Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nailco Limited and state those matters that we have agreed to state to the Board of Directors of Nailco Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nailco Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Nailco Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nailco Limited. You consider that Nailco Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Nailco Limited. 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 financial statements. |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |